Vodafone Qatar Shares to Be Listed on Stock Exchange Next Week

Vodafone Qatar has announced that the company will be listed on the Qatar Exchange from next Wednesday (22nd July 2009). Vodafone Qatar's floatation of 40% of its stock took place in April, 2009, and raised approximately USD$950 million.

Once listed, 100% of the Company's authorised share capital is open to foreign investment, with no limits on foreign ownership. The founders' shares, representing 60% of the authorised share capital, are blocked from trading for 2 years. Vodafone Qatar is now 77% Qatari owned.

"This is another important milestone for Vodafone Qatar. Our investors will play a vital role in helpings us 'make a world of difference for the people in Qatar' and we look forward to enjoying a long and prosperous relationship with them," said Grahame Maher, CEO, Vodafone Qatar.

Vodafone Qatar is a joint venture between Vodafone and the Qatar Foundation, and was granted the country's second mobile operator license for a payment of US$2.12 billion. The Company received its license on June 28, 2008 and the first test calls were made in December 2008 and the network was officially switched on the 1st of March 2009.

Posted to the site on 16th July 2009