Ooredoo Q.P.S.C. (“Ooredoo”) - Ticker: ORDS announces the successful split of its common outstanding stock on a ten-for-one basis effective from the opening of trading on the Qatar Stock Exchange (“Q.S.E.”) on 4 July 2019. The stock split has been undertaken as part of an initiative by the Q.S.E. for all Qatar listed companies to generate more active trading by retail investors.
H.E. Sheikh Abdulla Bin Mohammed Bin Saud Al-Thani, Chairman of Ooredoo, said: “We would like to thank the Qatar Stock Exchange for leading this initiative. Ooredoo fully supports the Qatar Stock Exchange’s ambition to encourage more active trading from retail investors and further develop Qatar’s capital markets Lower stock prices will result in higher levels of trading in equities by retail investors, generating higher liquidity and thus making the Q.S.E. an increasingly attractive investment destination for domestic and international investors.”
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Ooredoo is an international communications company operating across the Middle East, North Africa and Southeast Asia. Serving consumers and businesses in 10 countries, Ooredoo delivers the leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks.
Ooredoo generated revenues of QAR 30 billion as of 31 December 2018. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.