Qatar-based contractor, Investment Holding Group (IHG), is set to start with its listing at the Qatar Stock Exchange this week in an initial public offering (IPO), reported Reuters.
Family-owned IHG will offer 60% of its capital in shares. With 49.8 mn shares offered at QAR 10.1 per share, the estimated value of the offering is around QAR 503 mn. Shares will be on sale from January 8 to 22 for Qatari citizens and companies.
IHG said it was the first family business in Qatar to be listed at the stock exchange via an IPO. The company offers contracting, real estate and shipping services through its subsidiaries.