Bloomberg News

Qatar Telecom 2011 Sales Increase 16% to $8.7 Billion, Plans Rights Offer

March 04, 2012

Qatar Telecom QSC, the Persian Gulf country’s biggest company by revenue, said full-year sales increased 16 percent to 31.8 billion riyals ($8.7 billion).

The board recommended a cash dividend of 30 percent of the nominal share value and bonus shares of 30 percent of the share capital, the company said in a statement today. It also approved a 40 percent rights issue at a price of 75 riyals per share.

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net


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