Ooredoo Maldives said Sunday that it was planning to launch an initial public offering in the middle of next year.
The telecom provider said “the IPO will be launched as soon as it completes the requirements and procedures for a Public Issue as set out in the offering rules of the Maldives Stock Exchange. The Offer will be open to the Maldivian public, local and international institutional investors.The price range for its IPO will be announced in April next year.”
Ooredoo Maldives is part of the Ooredoo Group, a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia.