Wataniya plans dual listing in Kuwait and Qatar
Kuwait’s National Mobile Telecommunications Company (Wataniya) is planning a dual listing before the end of the year. The company, which is majority-owned by Qatar Telecom (Qtel), is already listed on the Kuwait Stock Exchange (KSE), but it is planning to also list its shares on the Qatar Exchange (QE) to give Qataris easier access to its stock.
Wataniya is also preparing to launch an initial public offering (IPO) for its Tunisian subsidiary Tunisiana although no date has been set. An IPO for Tunisiana had originally been scheduled for the first half of this year but was postponed due to political unrest in the country. The company is expected to float 10 to 15 per cent of its shares on the Bourse de Tunis.
In January this year Wataniya increased its shareholding in Tunisiana which is the only privately-owned telecommunications company in North Africa, to 75 per cent.
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