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Wataniya Palestine to offer shares in IPO on Nov. 7

Wataniya Palestine plans to offer 15 percent of its shares.

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October 29, 2010 1:10 by



Mobile telephone operator Wataniya Palestine, part owned by Qatar Telecommunications Co , will launch an initial public offering (IPO) on Nov. 7, hoping to raise $50.3 million, a source familiar with the matter said on Friday.

Two senior Palestinian government officials said Wataniya Palestine plans to offer 15 percent of its shares and a further 15 percent at a later date, resulting in a 30 percent free float.

(Editing by David Holmes)



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