Middle East Economic Survey
Syriatel And Al-Naama Launch Public Share Offerings
Syriatel Mobile Telecom company and al-Naama, a subsidiary of the Daaboul Economic Group, are launching two public share offerings (PSOs), according to the Syria Report. Al-Naama is seeking to raise S650mn ($12.44mn) by selling 25% of its shares, while Syriatel aims at S2.8bn ($53.57mn) by selling 10.5% of its shares (7mn shares). The PSOs will take place despite the...