Doha – Mubasher: The initial public offering (IPO) of the Investment Holding Group will initiated today until 22 January through the Commercial Bank of Qatar, according to a bourse statement on Sunday.
Earlier, the Qatar Financial Markets Authority (QFMA) approved listing 60%, of the Group’s capital, or 49.8 million shares, to be thus the first Qatari business registering a major capital share through an IPO.
“The Group will use its transformation to a publicly listed company on the stock exchange as a real opportunity to not only execute IHG’s future strategic plans but develop the businesses of its subsidiaries to achieve robust financial results,” said Wael Shtayyeh, CEO of IHG.
