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Following the IPO, 40% of the shares will be in free float with the Qtel subsidiary retaining 55 % of the company and 5% held by the original Omani pension funds.
Nawras was Qtel’s first investment outside Qatar and in just five years of operation, the management has developed a profitable, innovative, growth business with a market share of 45%. With a focus on technological innovation, network quality and ongoing development of products and services, Nawras has delivered strong shareholder returns since launch and is now a full service telecommunications company following the successful launch of its fixed line business in mid-2010.
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