Dr. Hussain Ali Al Abdulla, Chairman of the Qatar Exchange Board of Directors, stated that the shares of the Doha Global Investment Company will 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.
Dr. Al Abdulla said that 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.
Dr. Al Abdulla stated that 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. The nominal value of the share will be QR 10, five riyals of that are paid up, Dr. Al Abdulla added.
