QIIB has announced the financing of subscriptions to the initial public offering (IPO) of Baladna.
The bank will finance 65% of the total value of shares that the existing and new Qatari customers wish to purchase, said QIIB deputy chief executive Jamal Abdullah al-Jamal (pictured).
QIIB has made all the required logistic arrangements to help subscribers in the 15 branches that are participating in the IPO subscription process.
Baladna, the proposed holding entity of Qatar’s dominant dairy farm, is aiming to raise as much as QR1.43bn by offering 75% equity stake to public through an IPO which will be in the market from October 26 to November 7.
“The subscription to Baladna is of great importance given the company’s relevance to our country’s food security,” al-Jamal said, adding the local diary major has proved to be a qualitative addition to the Qatari economy.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Qatar participates in GCC meetings of ministerial committees on trade and industry
KPMG Qatar seminar discusses transition from LIBOR
Motorola brings back the Razr as $1,500 foldable smartphone
A $100bn hole may be Europe market rally’s best ally
Alibaba is taking orders for its $11bn HK listing
Sputtering growth in China shows need for trade reprieve
Six top digital tax priorities for region's businesses highlighted at PwC event in Doha
QSE gained 86 points for second straight session to inch near 10,400 levels
Qatar Chamber participates in GCC consultative meeting in Muscat