Etisalat Group not planning IPOs apart from Egypt

Julfar says Etisalat Misr is still studying IPO options, no plans for other markets
Ahmad Abdulkarim Julfar, Etisalat group's chief executive officer, during CommsMEA interview. Rasheed Arakkal.
Ahmad Abdulkarim Julfar, Etisalat group's chief executive officer, during CommsMEA interview. Rasheed Arakkal.

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Ahmad Abdulkarim Julfar, Etisalat group's chief executive officer said that the company has no intention to launch IPOs in any of its markets next year, with the exception of Egypt.

Its Egyptian unit, Etisalat Misr is studying launching an IPO. Julfar told CommsMEA in an exclusive interview, that an IPO is one of the options being studied with its investors but nothing has been confirmed yet.

“Etisalat didn’t announce any IPO. We are studying very strategic options for us in Egypt. In Egypt we are not the only investor,” he said.

“The IPO was one of the options but we are still studying other options,” he added.

When asked about his intention to launch any other IPO in its markets, Julfar stated that “Etisalat has no intention to launch any other IPO in any other market.” 

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