SANAA, Oct. 13 (Saba)-YemenMobile company has sold more than 70 % of shares which have been allocated for public subscription, the company said on Friday.

Mohammed al-Dhahbani, executive director of the company said that 12,400,000 shares have been sold.
 
The date of selling was extended until selling rest shares.
 
He said that after the selling shares, the company will start finalize other legal measures to announce the company as shareholding officially and establishment of general assembly of the company as well as electing its board to run activities of the company.
 
The process of selling shares was started last June, 2006, to sell 17,304,802 shares our of 86 million shares, at capital of YR 43.2
billion. The company determined YR 500 for each share.