Doha, Qatar, May 29 2017: Ooredoo Q.S.P.C. (“Ooredoo”) – Ticker: ORDS today announced it has requested the UK Listing Authority to cancel the listing and admission to trading of Ooredoo GDR (SEDOL: BCCVPG5; ISIN number: US6834202029) on the London Stock Exchange with effect from the opening of the market on 31st August 2017.
The decision is primarily due to the ease with which international investors are now able to purchase Ooredoo securities on the Qatar Exchange.
Ooredoo GDR was admitted to trading on the London Stock Exchange on the 19th of July 1999. The shares of Ooredoo will remain listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.
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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 (primary listing) and the Abu Dhabi Securities Exchange.