Abu Dhabi-Mubasher: Etisalat officially completed the sale of its 92.3% stake in the Sudanese fixed-line operator Canar to Bank of Khartoum after getting regulatory approvals.
Etisalat Group received around AED 349.6 million in return for its shareholding, according to a bourse statement.
The transaction will raise Bank of Khartoum’s stake in Canar from 3.7% to reach 96%.
The Abu Dhabi-listed telecom operator’s stock declined 0.25% to AED 19.88 by 11:30am UAE time, with a turnover of AED 5.69 million from the exchange of 286,790 shares.
