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Nawras IPO set for September

04 August 2010

Qtel's Omani subsidiary, Nawras is to launch its initial public offering in September, Reuters has reported. The company agreed to float 40% of its capital in February under the condition of its licence, but the government granted the company an extension to September. "The IPO will be for all nationalities. Obviously, Qatar is a major shareholder so it will be open there too," a company official who did not want to be identified said.

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