Ooredoo Maldives’ shares opened for sale in Maldives Stock Market sells at a price of MVR 40 per share.
The company’s Head of Investor Relations Arushee Mohamed noted the bull power of shares at the rate of MVR 40 is evident on the demand and satisfactory rate of customers.
“We sold shares at a value of MVR 30, but the rate increased to MVR 40 at the stock market. This hike is a favorable bump” he said.
Ooredoo Maldives transitioned into a public limited corporation through a successful Initial Public Offering (IPO) which placed its shares distributing heavily to a large base of interested shareholders. A total of 14 million of Ooredoo’s shares were sold, amounting to a total of MVR 421 million.
This is a 9.5% of the total shares sold from the telecom giant.
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