Ooredoo delisted from London Stock Exchange

Qatar-based multinational telecoms group Ooredoo confirmed that it completed the process of delisting its Global Depositary Receipts (GDRs) from the London Stock Exchange, effective 31 August 2017. Its GDRs had traded in London since 1999. The company explained that the primary reason for the UK delisting was that international investors are now easily able to purchase Ooredoo securities on the Qatar Stock Exchange – its primary listing since its initial public offering (IPO) in 1998. Ooredoo is also listed on the Abu Dhabi Securities Exchange (since 2002), although it sees minimal trading there, whilst in February 2009 it delisted from the Bahrain Stock Exchange (listed 2001) due to low trading volumes.