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Ooredoo Q.S.C. (ORDS)

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Wednesday 19 August, 2015

Ooredoo Q.S.C.

Ooredoo Signs Agreement with Liquidity Provider

RNS Number : 5169W
Ooredoo Q.S.C.
19 August 2015

Ooredoo Q.S.C.


Ooredoo Signs Agreement with Liquidity Provider


Doha, Qatar, 19 August 2015: Ooredoo Q.S.C. ("Ooredoo") - Ticker: ORDS - announced today an agreement with The Group Securities Co. to provide sponsored Liquidity Provision Services, in accordance with the QFMA-approved liquidity provision scheme. The service is scheduled to start on August 20, 2015.


The Liquidity Provision Service, which is sponsored by Ooredoo, is intended to improve liquidity by facilitating increased market depth and trading volumes in Ooredoo shares listed on the Qatar Stock Exchange.


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For further information:

Email: [email protected]

Follow us on Twitter: @OoredooIR


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About Ooredoo

Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia. As a community-focused company, Ooredoo is guided by its vision of enriching people's lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential. Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives, Myanmar and Indonesia. The company was named "Best Mobile Operator of the Year" at the World Communication Awards 2013.


The company reported revenues of US$ 9.1 billion in 2014 and had a consolidated global customer base of more than 114 million people as of 30 June  2015. Ooredoo's shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.


About "The Group Securities"

The Group was founded when Qatar Exchange was founded at 1997 and started to develop its Liquidity Provider system in 2008.  It was licensed for the provision of liquidity services by QFMA in 2013 and currently provides liquidity to a number of Qatar listed companies.  The Group has been the leading broker for the number and value of shares traded on the Qatar Exchange for the past ten years.

This information is provided by RNS
The company news service from the London Stock Exchange

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