Two state-owned mobile operators, Al Madar Telecomm and Libyana, are expected to be listed on Libya’s stock exchange by April next year, according to Gamal Al-Lamushe, the chairman of Libya’s privatisation and investment board, cited by Reuters…
Two state-owned mobile operators, Al Madar Telecomm and Libyana, are expected to be listed on Libya’s stock exchange by April next year, according to Gamal Al-Lamushe, the chairman of Libya’s privatisation and investment board, cited by Reuters Africa.
It remains unclear how much of each company will be listed but Al-Lamushe was quoted saying that it would be less than 30%.
Rumours about potential listings are not recent. Back in January, it was reported that as many as four public Libyan companies would be floated, in order to encourage investments in the country.
