Libyan telecom IPOs scheduled for April

The IPOs of Libya’s two mobile operators, Libyana and Al Madar, will take place on the national stock exchange at the end of April 2011, Libya’s head of the privatization and investment board announced this week.
A maximum of two to five percent will be floated Gamal Al Lamushy told reporters in the United Arab Emirates with a preference for Arab investors from the Gulf. “Our brothers in the Gulf are our first choice for investments in Libya,” Al Lamushy reportedly said, addressing investors during a roadshow in the UAE aimed to stimulate investments in different Libyan sectors.

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