Sunday, February 19, 2006

Eitc announces IPO March 3 | Finance and Economy

AMEinfo reports that EITC - Emirates Integrated Telecommunications Company is to sell 800m shares, representing 20% of the company through an initial public offer to UAE nationals only, opening March 3.
The Founding Shareholders are the Federal Government of the UAE represented by the Ministry of Finance, Mubadala Development Company and Emirates Communications and Technology Company who own 50%, 25% and 25%, respectively.