MTC denies that listing is imminent

6 Nov 2006

The Kuwaiti mobile group MTC has denied speculation that it is close to announcing its international listing. MTC Group also says it has not chosen any advisors for a sale following press reports that UBS had already been selected. However, a company statement did confirm that the group is still ‘evaluating all its options with regards to an international listing’ and chief financial officer Sam M. Deeb says he does expect a sale to go ahead at some point in the future.