The Palestine Exchange is seeking strategic investors as the bourse looks to improve services next year, Chief Executive Officer Ahmad Aweidah said today.
The bourse is “looking for one or two strategic investors,” Aweidah said in a telephone interview from the West Bank city of Ramallah.
The Arab Palestinian Investment Co. plans to sell shares in an initial public offering in the first quarter of 2011 and is seeking to raise $20 million, he said. Wataniya Palestine Mobile Telecommunications Public Shareholding Co. plans to list on the exchange after its IPO, he said.
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