Zain Iraq, the country's largest mobile operator by subscribers, has confirmed that it has invested around USD20 million in its proposed listing on the local stock exchange, its chief executive confirmed in an interview with Reuters. Zain is required to list on the Iraq Stock Exchange (ISX) as part of the terms of its USD1.25 billion operating licence, which it obtained in 2007.
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OVETEL Zain ploughs USD20m into stock exchange listing
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