Wataniya's successful initial public offering offers a fillip to Palestine Exchange despite difficult market conditions elsewhere in the GCC.
It is the Palestinian Territories second mobile operator behind PALTEL and raised $78 million in its initial public offering, one and half times more than the $50.3m it needed to raise.
It was the largest IPO in Palestine for 10 years, based on a fixed price of $1.30 per share.
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