SAUDI ARABIA: Telecoms competition shows reform will
Ettihad Etisalat shares are currently trading on the Saudi stock market at more than six times the offer price. The entry of the GSM consortium led by UAE telecoms firm Etisalat heralds the end of the public monopoly in the richest mobile communication market in the Arab world. The Etisalat IPO is a major step towards the deepening of the Saudi capital market and the private provision of key services in the kingdom.
See today's SAUDI ARABIA: Telecoms competition shows reform will.