Ooredoo Maldives IPO opens for subscription

Ooredoo Group's Deputy CEO Waleed Al Sayed presents Ooredoo Maldives' Prospectus to go public to MMA Governor Azeema Adam. PHOTO: HUSSAIN WAHEED/MIHAARU

Ooredoo Maldives has announced that its initial public offering (IPO) is now open for subscription.  The IPO of 40 percent of Ooredoo Maldives total share capital is open to retail and international investors, both local and international. Investors have been invited to initially subscribe to 22.17 million issued ordinary shares, which represent 15 percent of the issued ordinary shares, at MVR 30.00 per share.

If the number of shares subscribed for exceeds 15 percent of the issued ordinary shares, Ooredoo Maldives will meet any additional demand up to the offered 59.12 million issued ordinary shares, which represent 40 percent of the issued ordinary shares. Online subscriptions to the Ooredoo Maldives IPO can be made through the Ooredoo Maldives website, as well as the Maldives Securities Depository website.

Full details are available from the link below:


Source URL: Bing News :

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