Selling 45 percent of Qatar's Q-Tel communication company

The Qatari government decided to offer 45% of its shares in the General Corporation for Communications, Q-Tel, for sale at the beginning of December.

Qatari Minister of Finance Youssef Hussein Kamal announced this in a press statement released by the Qatari embassy in Cairo today.

In this statement Kamal added that the corporation's shares will be offered for sale to Qatari citizens, Gulf Cooperation Countries and foreigners residing in Qatar.

An agreement was signed between the Credit Suisse First Boston Corporation and the Qatari National Bank to arrange the process of selling.