Welcome Visitor | Sign in
Reference price of Syriatel share is SYP 7188.63
Syriatel Joins Damascus Securities Exchange
Publish Date: 15/02/2017
 
A tripartite memorandum of understanding was signed between Damascus Securities Exchange, SyTRA, and Syriatel on 15/02/2017 and in the presence of the official media, as a completion of the legal procedures and as an introduction to listing Syriatel's shares on the securities exchange to be in line with the license granted to it and signed with SyTRA.
 
This memorandum is the legal base through which Syriatel and all the licensed telecommunications companies will be able to list their shares on the securities exchange according to the regulations mentioned in SyTRA license.
 
The memorandum includes 11 items which the three parties are committed to implement, having high hopes that listing Syriatel's shares on the securities exchange would increase both the trading volume and value and create a new diversity in the Damascus Securities Exchange, as this listing means adding the pioneer sector in the Syrian economy, the telecommunications sector, to the securities exchange alongside the companies of other economic sectors such as banks, security, industry, and services sectors.
 
Despite the crisis and all challenges, Syriatel put great efforts and made many investments to maintain the high quality of services and provide them at reasonable prices to be available for all society segments.