Wednesday, 01-December-2021 19:22
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Sunday, 29-October-2006
(Yemen Observer)- - YemenMobile Company has sold more than 70 percent of the shares allocated for public subscription, the company said. Mohammed al-Dhahbani, executive director of the company, said that 12,400,000 shares have been sold. The date of selling was extended until all the rest of the shares are sold.

He said that after the selling of shares, the company will start to finalize other legal measures. It will announce the company as an official shareholding company, and establish a general assembly of the company, electing a board to run the company’s activities. The process of the sale of shares was started in June of this year, with a goal of selling 17,304,802 shares of the company’s of 86 million shares, at a capitalization of YR 43.2 billion.

Shares are sold to the public through three schemes, at 500 YR per share. The first scheme sells 10 percent of the shares to employees of YemenMobile and employees of the Ministry of Telecommunications. The second scheme compromises 15 percent of the total shares, and these are being sold to banks, funds, and corporations. The third scheme sells 15 percent to individuals, as well as 5 percent to the private sector. These entities will be able to buy a minimum of 4,000 shares and a maximum of 120,000 shares.

The remaining 21 percent is to be sold directly to the public at a minimum of 20 shares and a maximum of 4,000 shares. YemenMobile announced that its number of subscribers reached 500,000 in less than two years of operations, which exceeds their target of 320,000 by 36 percent. In 2004, president Ali Abdullah Saleh inaugurated YemenMobile. The government-owned company presented a challenge to the two other private mobile phone companies, Sabafon and Spacetel, by slashing call rates by almost 50 percent.

The project’s cost exceeds $71 million, the official Saba news agency reported. The company uses the CDMA system, or code division multiple access, which is widely used in North America, Japan, South Korea and China. GSM, or global system for mobile communications, covers 70 percent of the world’s wireless phone users.
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Tuesday, 17-October-2017
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Tuesday, 17-October-2017
Three citizens were killed and four others wounded in two Saudi air strikes hit Majza district of Saada province, an official said on Tuesday.

The strikes hit a citizen's car in al-Jamalah area in the district, the official added.
Tuesday, 17-October-2017
Artillery of the army and popular shelled a gathering of Saudi-paid mercenaries in al-Moqadra area in Serwah district of Marib province, a military official said on Tuesday.

Meanwhile, dozens of Saudi-paid mercenaries were killed and others injured in Wadi al-Theek in the district, the official added.
Monday, 16-October-2017
The army and popular forces carried out on Monday unique military operations in Taiz province.

A military official said that a number of Saudi-paid mercenaries were killed at the hands of the army and popular forces in al-Jazami Hill in al-Kadaha area in al-Ma'afer district.
Monday, 16-October-2017
A Saudi aggression fighter jet targeted a citizen's car driving in Fara area of Kutaf district in Saada province overnight, killing the driver and injuring his friend, a security official said on Monday.
Monday, 16-October-2017
The army artillery and popular committees launched a fierce attack on Saudi-paid mercenaries' sites in Jawf province, a military official said on Monday.

The attack destroyed a military vehicle belonging to the mercenaries and killed all on board in Sabran area in khab and shaaf district.
Sunday, 15-October-2017
Scores of Saudi enemy soldiers were killed and injured on Sunday when the army and popular forces repelled a Saudi military attempt to sneak into Shurfah site in the border province of Najran, a military official said.

The operation was accomplished successfully against the Saudi
Sunday, 15-October-2017
The army and popular committees have killed a total of 18 Saudi-paid mercenaries in sniper operations over the past hours in the central province of Marib, a military official said on Sunday.

Ten mercenaries were killed in Nehm district and eight others were killed in Serwah district, said the official.
Saturday, 14-October-2017
Saudi aggression warplanes have launched more than 49 airstrikes over the past hours on several residential areas across Yemen, a security official said on Sunday.
The airstrikes targeted the areas of Malahiz and Husama in Dhahir district, and areas Thuban, Masahif and Sdad in Bakim district of northern Saada province.
Thursday, 12-October-2017
The army and popular forces carried out an operation attack on Saudi-paid mercenaries' sites in al-Hawal area in Nehm district.

A local official said that the operation attack resulted in killing and injuring mercenaries, adding they also incurred heavy losses at their ranks

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