Mubasher: NBK Capital, the investment arm of National Bank of Kuwait (NBK) recommended on Wednesday “Buy” on Omani Qatari Telecommunications Company (Ooredoo Oman), setting the fair value at OMR 0.830, 33.87% higher than the stock price during the study period.
The Kuwaiti financial services firm said that Ooredoo Oman’s operating data came in 2015 were in line with expectations.
Total revenues rose 8% year-on-year, 2% higher than NBK Capital’s forecast.
