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Ooredoo de-lists GDRs from LSE

Ooredoo de-lists GDRs from LSE
“Ooredoo GDR was admitted to trading on the London Stock Exchange on July 1999”, the statement said
OOREDOO
OOREDOO
-4.72% 1,070.00 -53.00

Mubasher: Ooredoo announced on Sunday that the de-listing process of its global depository receipts (GDRs) from the London Stock Exchange (LSE) was completed on 31 August 2017, according to a company statement to the Qatar Stock Exchange (QSE).

This decision was mainly taken as the international investors can buy Ooredoo’s shares directly via the QSE, Ooredoo revealed.

“Ooredoo GDR was admitted to trading on the London Stock Exchange on July 1999”, the statement said.

The Qatar-listed telecom operator last achieved QAR 1.096 billion in profits in the first half of 2017, down 25% from QAR 1.462 billion in the year-ago period.