Ooredoo Q.P.S.C. (“Ooredoo”) - Ticker: ORDS today announced that the de-listing process of Ooredoo GDR (Global Depositary Receipt) from the London Stock Exchange has now closed, effective from 31 August, 2017.
The primary reason for the delisting was that international investors are now easily able to purchase Ooredoo securities on the Qatar Exchange.
Ooredoo GDR was admitted to trading on the London Stock Exchange on July 1999.
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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 served 138 million customers and generated revenues of QR 33 billion as of 31 December 2016. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.