Qatar: Qtel has said its 40% rights issue, which aims at raising QR6.86bn, is to hit the market on May 13, 2012, Gulf Times has reported. The telecom firm is issuing 91.52 million new shares at QR75 per share, which includes a premium of QR65. "The right of subscription shall be given to shareholders, who are registered in the shareholder register with the Qatar Exchange and Abu Dhabi Securities Exchange on Wednesday, May 9," a Qtel spokesman said. The subscription to the issue will close on May 24. [AMEInfo.com]
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