Doha Global Investment for public subscription from May

April 7, 2013 11:12 am

Doha Global Investment for public subscription from May

Doha 07th April 2013: The Doha Global Investment Company shares will be offered to public subscription during May and will be listed for trading on Qatar Exchange following the completion of the subscription and the subsequent allocation processes, all the technical procedures and after obtaining the regulatory approvals required thereon, according to Qatar Exchange Board of Directors Chairman Dr. Hussain Ali Al Abdulla.

The company’s capital will be 45 billion riyals, 50% of that will be paid up amount twenty-two and a half billion Qatari riyals, and Qatar Holding will contribute 50% of the capital, he added.

The IPO will be open only to Qatari companies, institutions and citizens, and the non-Qataris will be able to trade and buy in the company’s shares after being listed on Qatar Exchange, said Dr. Al Abdulla.

 The nominal value of the share will be QR 10, five riyals of that are paid up, he added.

About the Author

Tamim Maha Ali is the Chief Editor of Qatar Chronicle. A shrewd strategist, he is an Economic Pundit, entrepreneur and Investment Banker

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