Qatar Telecom (Qtel) Q.S.C. announces that the record date for its recently announced rights issue will be 28 May, 2008. Approval for the rights issue subscription period has been obtained from the Ministry of Economy and shall start on 8 June, 2008, and shall end on 19 June, 2008.
At the Extraordinary General Assembly held on Sunday, 23 March 2008, it was approved for Qtel to increase its capital by 33.3% or 36.7 million shares by way of issuing new shares at the rate of one share for every three held.

The share price for the rights issue will be QR160 per share (QR10 nominal value plus QR150 premium).

Other terms and conditions for subscription will be published in due course.