- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 05:06 06:19 12:29 15:54 18:33 19:47
The Emirates Telecommunications Corporation (Etisalat), headquarters in Abu Dhabi, confirmed today that it has sold a total of 775 million shares in PT XL AxiataTbk, one of the Group's 16 Operating Companies, and located in Indonesia.
The 775 million shares represent a total of 9.1 per cent of XL's issued share capital, representing a value of approximately Dh1.87 billion before commission and expenses. The settlement of the Placing is expected to take place on 18 September, 2012.
Following the completion, Etisalat will hold a 4.2 per cent ownership stake in XL.
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