Iraq's number two telecommunications operator Asiacell has named Amer al-Sunna as the new chief executive, the company's parent firm Ooredoo said in a statement on Monday.
Sunna previously worked for Oo
Iraqi mobile operator Asiacell, majority-owned by Qatari telecom group Ooredoo, posted a 31-per cent rise in annual profit in its first results as a listed company, helped by an increase in customers and revenues.
The market capitalisation of the Baghdad bourse doubled in February to reach $9.2 billion, boosted by Asiacell share trading, which started in early February.
As the first major flotation since a U.S.-led invasion toppled Saddam H
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Iraq's bourse is bracing for a milestone $1.3 billion initial public offering. The share offer by the country's number-two mobile opera
Qatar Telecom (Qtel) will raise its 53.9 percent stake in subsidiary Asiacell as part of the Iraqi firm's $1.35 billion share sale, the largest ever stock listing on the Baghdad bourse, an exchange official said on Thursday.
Iraqi mobile operator Asiacell's $1.35 billion share sale will be fully subscribed, bookrunner Rabee Securities said, though a top bourse official and some local investors were more cautious about the country's largest ever stock listing