Qatari contractor Investment Holding to list this month

02/01/2017 Argaam

Qatar-based contracting and trading firm Investment Holding Group (IHG) will conduct an initial public offering (IPO) this month, after receiving approval from the market regulator, it said in a statement on the Qatar Stock Exchange website.

 

The IPO will start on Jan. 8 and continue until Jan. 22, through Commercial Bank of Qatar, IHG said.

 

The company will list 60 percent of its capital through 49.8 million shares, priced at QAR 10.1 per share, for direct public subscription by Qatari citizens and Qatar-registered companies.

 

IHG’s construction activities include mechanical, electrical and plumbing and engineering construction and projects. 

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