Telesom Dahabshiil
Published On: Wed, Mar 17th, 2021

Somtel Somaliland Announces to Public Shares with a price tag of $100 per share

Araweelo News Network.

#SOMTEL new Shares to Public with price tag of $100 per share

Somtel, the telecom and technology service provider with the widest network coverage in the Somali region, has set the issue price for the shares at its initial public offering (IPO) at $100 per share.

Somtel has a long track record of providing high-quality and reliable telecommunication services by investing in superior communication infrastructure and harnessing the capabilities of the Somali people.

The company now offers voice, data, and digital services to retail customers as well as enterprise solutions to corporate and public sector customers.

Dahabshiil Group Chairman, Hajji Mohamed Said Duale, Speaking at the launch ceremony, said, “We are pleased with the high demand for our shares – evidence that investors are as excited about Somtel’s future as we are.”

Abdirashid Duale, Dahabshiil Group CEO, added, “The IPO marks another landmark for our company. With its ever-growing portfolio of ground-breaking services, and with this injection of capital,

Somtel is well-positioned to take advantage of new opportunities in the telecoms sector in the Horn of Africa, enhancing the lives of millions of customers whilst enabling businesses to achieve their full potential in a new digital future. Somtel will also, of course, be generating many more jobs.”

This capital raise means Somtel is now a truly regional player and a considerable step ahead of its competitors. Furthermore, with the growth potential in the market and the company’s focus on operational efficiency, simplification, and delivering value for its customers, management is optimistic about being able to deliver significant returns for its shareholders.

 

The IPO was launched by the President of Somaliland Muse Bihi Abdi. For further information please contact www.somtelnetwork.net and www.somtelsomalilandshares.com  The prospectus for the IPO will also be available at this address.

SOMTEL INTERNATIONAL LTD.

SHARES OFFICE, SOMTEL HQ BUILDING, 26 JUNE AREA

HARGEISA, SOMALILAND

TEL: 6000 and/or +252 (0) 65600 0000
EMAIL: sometelsl.shares@somtelnetwork.net

About the Author

- Arraale Mohamoud Jaama Freelance Journalist and Human Rights Activist Arraale, is a 20 year experience as a professional Journalist and human rights activist Over the years, worked for the major News Papers in Somaliland as a reporter, editor and contributor. 2008 established website Araweelo News Network, he currently runs a website based in Somaliland. Arraale is the specializes in the investigation and reporting on issues relating to human rights, democracy, and good governance. contact: Info@araweelonews.com jaamac132@gmail.com Send an SMS or MMS to + 252 63 442 5380 <https://web.whatsapp.com/ + 252 63 442 5380 /https://twitter.com/Araweelonews/https://www.facebook.com/Araweelonews/

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Araweelo is an Associated Network News, The most trusted source for news & Political,investigator report,Human Rights Issues,Educations,Social and Democracy ,Latest News Horn of Africa. runs Arraale Mohamoud Jama Freelance Journalist and Human Rights Activist based in Somaliland.

Chat with us on WhatsApp