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Monday, 2 January 2017

Qatari construction firm IHG to list shares in $138 million offer | Reuters

Qatari construction firm IHG to list shares in $138 million offer | Reuters:
"Qatari construction firm Investment Holding Group (IHG) will launch an initial public offer of its shares next week in a boost for the country's stock market, which has seen only two new listings since 2010.

The family-owned contracting and trading business will offer 49.8 million shares, or 60 percent of its capital, at a price of 10.1 riyals per share, the company said in a statement late on Sunday. That would make the value of the offer about 503 million riyals ($138 million).

IHG, a holding company which through its subsidiaries provides contracting, shipping, real estate and education services according to its website, will be the first family business in Qatar to list its shares on the exchange via an IPO, it said.

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