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International Islamic is providing financing to Qataris who wish to take part in Vodafone Qatar’s initial public offering.
The bank has received approval from its Sharia supervisory board to extend financial support to Qataris who intend to apply for Vodafone Qatar shares through the IPO, which starts on April 12 and concludes on April 26.
Mr.Ali Hamad al-Mesaifry, International Islamic first executive manager (Retail banking) said Qataris could also subscribe to the IPO through the bank.
“We will provide all necessary assistance to Qataris who are interested in taking part in the IPO of the country’s second telecom service provider,” al-Mesaifry said.
He said International Islamic would continue to support all nation building activities.
Vodafone Qatar will raise QR3.38bn by selling its 40% stake through the two-week-long initial public offering.
Vodafone Qatar plans to sell 338.1mn shares at QR10.25 each
Individual Investors will be able to apply for a minimum subscription of 250 shares with multiples of 50 thereafter.
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