Update on Vodafone Qatar Initial Public Offering
Doha, Qatar, 15 October, 2008:
Vodafone Qatar Q.S.C. ("Vodafone Qatar") is responding to recent reports on the timetable for the prospective Vodafone Qatar Initial Public Offering (IPO).
Vodafone Qatar is currently waiting to be granted approval from the Qatar Financial Markets Authority (QFMA) on the proposed IPO, particularly on the timetable. Originally, Vodafone Qatar proposed for the IPO to take place during the month of October 2008. However, due to the market conditions at the time, QFMA did not approve the proposed dates and requested that Vodafone Qatar propose a revised timetable. Currently, a new proposed timetable is being considered by the QFMA in light of the recent market developments.
Vodafone Qatar will make further announcements on its IPO timetable following QFMA approvals.