Investcom to List GDS on LSE

Author: 
Arab News
Publication Date: 
Wed, 2005-10-05 03:00

JEDDAH, 5 October 2005 — Investcom, an international mobile telecommunications operator, has announced the launch of its initial public offering (IPO) and a listing of its global depositary shares (GDS) on the London Stock Exchange (LSE) and on the Dubai International Financial Exchange (DIFX). The IPO will be an international offering to institutional investors outside the United States. The maximum price will be $12.35 per GDS, each representing five ordinary shares. There will be an offer of 59.99 million GDSs listed on the LSE, representing 128.55 million new shares and 171.43 million existing shares.

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