OTV Issues Two Million Shares for Initial Public Offerings

TAGorg offices started receiving applications in all Arab countries

BEIRUT ? Lebanese independent OTV Holding television station, which sets-up, develops, promotes, equips, manages, finances affiliated entities operating in the media, audio, audiovisual, press, advertising, production and post-production fields, announced on April 23, 2008 the issuance of two million Initial Public Offerings (IPO) with the value of $10 for each share.

Talal Abu-Ghazaleh (TAG) Capital Services, a member of Talal Abu-Ghazaleh Organization (TAGorg), is managing the IPO process in all Arab states.

Executive Regional Director of TAG Capital Services stated that the IPO is open for the entire Arab nationalities noting that TAGorg offices have started receiving applications in all Arab countries.

With an estimated $40 million capital, OTV aims to operate under specialized, qualified and dedicated management as an independent and diversified Television Station with the motto ?For the People, By the People?, and to offer a grid of programs allying the entertaining and the cultural while promoting modernism, freedom and democracy.