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guardian
01-29-2014, 08:26 AM
Director of Iraqi Stock Exchange does not expect the inclusion of "Zain Iraq" several months ago, at least

Date Published: 10:23, January 29, 2014 (http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=auto&tl=en&u=http://www.mustaqila.com/2014/01/%25D9%2585%25D8%25AF%25D9%258A%25D8%25B1-%25D8%25A7%25D9%2584%25D8%25A8%25D9%2588%25D8%25B1 %25D8%25B5%25D8%25A9-%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7 %25D9%2582%25D9%258A%25D8%25A9-%25D9%2584%25D8%25A7-%25D9%258A%25D8%25AA%25D9%2588%25D9%2582%25D8%25B9-%25D8%25A5%25D8%25AF%25D8%25B1%25D8%25A7%25D8%25AC-%25D8%25B2/&usg=ALkJrhgwwEN7dPGws7-2UIdomKzYGEP9wA)
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BAGHDAD (Independent) ... said Taha al-Rubaie, executive director of the Iraqi Stock Exchange that Zain Iraq mobile phone still expects to list its shares in the Iraqi market for securities later this year, but will need several months at least to be able to accomplish that.

Zain owns 76 percent of the company's largest operator of mobile phone services in Iraq in terms of market share.The Iraqi unit must first publication of its financial results for 2013 and the holding of a meeting of the General Assembly to approve a plan listing.

Rubaie said in a statement seen by Reuters (Independent) on the sidelines of a conference in Dubai that there are other steps that should be taken after that.

"I do not think they (will perform) all conditions before two or three months and maybe four .. It may take more than that. I think they will do so this year, but I do not know when."

And exceeded Zain Iraq and Mnavstaha in the Iraqi market, Asiacell and Orange in 2011, deadline to put up a quarter of the stock in the Iraqi Stock Exchange under the terms of their licenses, which each worth 1.25 billion dollars.

And incorporated Asiacell, which owns the majority of the country want in the stock market in February, in February 2013 after raising $ 1.27 billion in an initial public offering of shares was the largest in Iraq. (End)

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