Middle East Economic Survey

VOL. XLVII

No 41

11-October-2004

TELECOMS

Saudi Authorities Cast Doubts Over Timing Of Ettihad Etisalats IPO

Confusion and controversy surrounds Ettihad Etisalats proposed initial public offering (IPO) of shares after Saudi Arabias Trade and Commerce Ministry said that it may be postponed because the company had not yet been formally established in the kingdom. Ettihad Etisalat is the operating company created to oversee the Saudi operations of the UAEs Etisalat-led...