A strong appetite for the telecommunications sector continues to prevail as Wataniya Palestine's initial public offering (IPO) was at least 1.5 times oversubscribed.
The success has lifted sentiment in the Palestinian Territories, and Ahmad Aweidah, the chief executive of the Palestine Exchange, revealed there would be an IPO of the Palestine Insurance Company next month.
The Palestinian Territories's second mobile operator behind PALTEL raised more than US$75 million, far more than the $50.3m initially offered for the company. That was based on a fixed price of $1.30 per share.
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