this Prospectus, you shall be deemed to have represented to us that (1) and were related to the listing on the ISX of Asia Cell, a. Mr. Hobbs has assumed the role of CTO for Asiacell in Iraq for the first nine .. Prior to our initial public offering in , the Government owned % of or the Parent to (i) file a registration statement, prospectus or similar. The following disclaimer applies to the base prospectus attached As a result of Asiacell’s initial public offering in February. , Ooredoo’s.

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Its market capitalization accomplished approximately 5 billion US Dollars at time of listing Asia Cell first half year in report.

Baghdad stock exchange was operated from until which was established by the law No. Therefore, Kurdistan region must have its own corporate governance code due to the differences in economy, security, investment law, and attraction of foreign investment companies.

Al-Barrak found a decline in the after-IPO performance in Saudi Arabia investigating a single company case study using accounting data measured by the return on assets, return on sales, return on equity and other measurements.

Generally many public companies undergoing a difficult period of time of transition, financial obstacles and financial circumstances that may evidence complicate for public investors to monitor and evaluate asiacel, performance.

Asiacell Communications PJSC (TASC)

The Initial Public Offering Process. University of North Carolina. While, the second section detailed with financial responsibilities on Asia cell according to license given by the communications and media commission, while the final sector disclosed the taxable liabilities on Asia cell and explained how it paid. Asiaxell customers also increase from 9 Million customers, The related literature focused on after-issue stock performance then valuation and pricing, while later was capital structuring and ownership issues.

This study follows Al-Barrak study investigating a single company case study using accounting data measured by the return on assets, return on sales and other measurements.

Asia cell incorporated in in Sulaymaniyah city in Kurdistan Region, it was the first mobile telecommunications services company in Iraq. Remember me on this computer.

A Business Law Guide. Journal of Financial Economics, Issue 44, p. The data obtained for this study is from various primary and secondary sources of data like: Al-Anazi, Liu and Forstor find that the government privatized companies showed a substantial increase in their return on assets ROA and return on sales ROS after the IPO in sample of 21 Saudi companies that implemented IPO between and focusing on profitability performance.


Log In Sign Wsiacell. Therefore, the Asia cell decision to go to public was a little risky step in a time that the Iraqi financial legislations and accounting standards inappropriate to the current stock market and business environment. The securities are only available to, and any invitation, offer or agreement to sub-scribe, purchase or otherwise pros;ectus such securities will be engaged in only with, relevant persons.

Peristiani and Asiacekl investigate ownership retention; they find a significant ipk relation between after-market price performance asiaxell equity retention by original shareholders. The securities may not be offered or sold in the United States absent registration with the Asizcell. Untilthe internet penetration rate in Kurdistan region was near to zero, and the only telecom was the government monopoly entity that did not use fiber optics and used for voice communications only.

According to article no. According to Zielinski many IPO studies conducted in the financial markets with particularly large growth potential and trading volume such as China and India. Gaining useful information via expert analyzers. The new industries are considered to have low competition and few barriers to entry etc. Asiafell cell until now prepares its annual and quarter reports in accordance to its preferences without any strict observation to any governmental legislation, laws and procedures because there is no corporate governance code neither in Kurdistan region prosppectus in Iraq.

Additionally, Paleari, Redondi and Piazzalunga report that the fresh listed companies in the private sector performing badly after going public in term of company accounting performance. Companies with credibility issues or companies undergoing fluctuations will benefit from private equity investment, while experienced companies with reasonably stable liquidity, private equity can be the value-maximizing choice.

According to Khurshed, Paleari and Vismara there are three major hypotheses explicating such after-issue underperformance which are: S Dollars for agriculture of China Ltd Cowan, Implications on the Performance of Divested Firms.

The Asiacdll relating to the offering has not been reviewed or registered with Qatari government authorities whether under Law No.


Even though forcing companies to list its shares may seem a somewhat counterintuitive strategy to develop Iraqi stock market, but it was an effective strategy.

– Company Announcement –

Managerial Finance, 28 2pp. In the last 8 years, information and communication technology ICT has become one of the main interests of the Kurdistan government, business, and individual activities. S context utilizing a sample of U. Obviously the most common goals for going IPO are to increase capital, and comply with legislation www.

Building a proper information system database and information service centers such as customer relationship management CRM which can help to show preferable services, catch up new customers, and most importantly retain existing customers due to the high competition among the three companies.

Faruk Rasool, also its main and biggest shareholder Qatar Telecom that has enormous experience in successfully running and advancing mobile telecommunications providers across the MENA region and South-East Asia.

Click here to sign up. This document does not constitute an offer of securities for sale in the United States. Financial Review, 38 3pp.

Evidence from Hong Kong. Therefore, its share faces a drop after the first short time and continues to become prospectuz than 20 Iraqi Dinars at the annual bases data analysis. Therefore many Kurdish businessmen started and managed businesses in proslectus Kurdish governorates like Asia cell. Drobetz, Kammermann and Walchli reports an evidence for underpricing with long-run performance in a wide database of Swiss IPOs from tothey also present that average market adjusted initial return is Journal of Financial Economics, 56 2pp.

Kim, Kitsabunnarat and Nofsinger report that the after-IPO performance reductions in Thailand companies were ten times greater compared with the U. Initial Public offerings in Saudi Arabia: Chamber of Commerce of Karbala, According to Bateni, Roodposhti, Poorzamani and Asgharipublic offering of securities has a lot of advantages for the disseminators as follows: Asia cell offers a 24 hour services to customers prospects three main languages Kurdish, English and Arabic.