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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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Partial Privatization and Firm Performance.

Skip to main content. This document is only being distributed to, and is only directed at, i persons who are outside the United Kingdom or ii investment professionals falling within Article 19 5 of the Financial Services and Markets Act Financial Promotion Order the “Order” or iii high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49 2 a to d of the Order or iv those persons, for the purposes of an employee share scheme, falling within Asiacel 60 of the Pospectus all such persons together being referred to as “relevant persons”.

Today, it is not only the first, but is also the largest and the most successful telecommunications company in Iraq. 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.

Securities Act ofas amended.

Asiacell considers roadshow with IPO pick-up slow

Now employees, 2 holding Phd related certificate, 90 have equivalent MSc certificate, employee have bachelor asiacepl certificate which are the most dominant level of education works for Asia cell, person holds Diploma related certificate, while person have Middle-Higher School equivalent certificate, and the remain person holds the minimum educational certificate which is the primary school certificate.

Gaining capital for the growth and development of activity. Internet connectivity, internet usage and cell phone use have increased dramatically in recent years Kurdistan region. Remember me on this computer.

Asiacell Communications PJSC (TASC)

Sincethe Iraqi stock market, ISX has undergone substantial changes and restructuring. Asia cell management asiaceol should plan and implement various training programs for its staff especially the front desk employers in order to develop their scale of willingness to serve effectively and efficiently its customers. According to Doski, Marane and Assad many companies in a dutiful situation in investing or trading in Iraq and Kurdistan region due to the lack in many legal structures like, there is no Kurdistan corporate governance code nor Iraq corporate governance code which means there is default in legal protection for investors particularly for small investors because equitable treatment and rights of shareholders, role and responsibilities of the board, interests of other stakeholders, integrity and ethical behavior, and disclosure and transparency are not clear yet in Iraqi and Kurdistan region prospecrus system for all private, joint investment, and public companies.


Research Journal of Finance and Accounting www. Investment Expectations in Proospectus Telecommunication Sector. The Journal of Finance, 54 3pp.

Pande and Vaidyanathan finds a negative performance after first month of listing, and the higher the delay in the listing result increase in the demand and hence higher returns are generated on the initial day trading.

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Asiacell considers roadshow with IPO pick-up slow – The National

The ISX is an entity capital market not related or powered by the government. The results show that the companies in the central and western regions performs better than those in the eastern region after the IPO, the performances of the state-owned holding companies are better than the private companies, the amount of funds raised and the shareholding percentage of the largest shareholder have positive impacts on the company operating results before and after the IPO, the results reports that the generation of the IPO effect is not entirely due to the company-level factors.

Journal of Corporate Finance, 10 3pp. Securities and Exchange Commission or an exemption from registration under the U. They presented that the share which performed better on the first few days would generate higher earnings in first three months, while the shares performed badly in the first three days would face later a decrease in returns.

Asia cell operate 21 office directly, 45 sales center runs by other parties using Asia cell trademark and trade name franchising87 main agents for selling its recharging cards and SIM cards throughout around 13, outlets in whole Iraq.

Help Center Find new research papers in: Taking Your Company Public. Conclusion Asia cell is still facing multiple issues even after its IPO; Asia cell management should consider the lack of strategic management practices which have effect on stock price, also shortage in the kind and number of products and services provided and value add services.

The suppliers of financial sources and investors will trust more. Whereas, few studies investigate the low level of application of corporate governance in listed companies in the Iraqi stock market because of the lack of evidence for the issuance of corporate governance until now as well as the lack of relevant domestic laws in determining the principles of corporate governance and mechanisms for its implementation Karbala center for studies and economic research, and Al-Obeidi, 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.

A Business Law Guide. Over the last few years the unrelenting efforts of Asia Cell team have taken it to heights which only few had imagined possible, even it first started as the first telecommunications venture in Iraq. The Spanish Privatization Process: Enter the email address you signed up with and we’ll email you a reset link. As a reflection of its well established reputation for quality, reliability and service. Journal of Finance, 46 1pp.


Kim, Kitsabunnarat and Nofsinger report that the after-IPO performance reductions in Thailand companies were ten times greater compared with the U. Asia cell benefits strong support of its founder, Mr.

Additionally, Asia cell share price top up in the first week of IPO to across 25 Iraqi Dinars, but later face a severe changes that result in a decrease to become less than 20 Iraqi Dinars its per share as shown in the Appendices 1- While, one of the main limitations in this study is gathering data on a single company which has a few annual, quarterly reports and bulletins.

Now days, Asia cell provides international telecommunications services in accordance with Iraq the ministry of communications laws and procedures. After liberation war of Iraq inthere were disorder and disturbance in many parts of Iraq except the Kurdistan region territory which consist of Erbil governorate as the KRG capitalSulaimaniyah governorate and Duhok governorate.

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. Motivations, Barriers, and Effects. Rajasekar and Al Raee demonstrate that the strongest competitive forces in the Oman’s telecommunication industry are threat of substitutes and rivalry among competitors.

According to Pasupuleti the majority of related literature indicates that the investor would be paid off higher returns in the case of owning a share in the time of IPO than at the time of listing, due to the fact that there is less scope of generating positive returns by trading at the time of listing.

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Schmalenbach Business Review, Volume asiaccell, pp. They also present that industry growth is the most important driver of long time IPO performance among many other factors. Other studies explained this phenomenon differently. According to Khurshed, Paleari and Vismara there are three major hypotheses explicating such after-issue underperformance which are: Additionally reviews the literature on IPO as a financial strategy’ by integrating a combination of factors reducing ownership without losing control, reducing informational asymmetries and underwriter selection involving venture capitalist.

Asia cell offers a 24 hour services to customers in three main languages Kurdish, English and Arabic.