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Sunday, 6 August 2017

Qatar's IHG to list on bourse despite diplomatic crisis

Qatar's IHG to list on bourse despite diplomatic crisis:

"Family-owned Qatari conglomerate Investment Holding Group IPO-INVH.QA plans to list on the local stock market next week in a sign that authorities intend to push ahead with developing Qatar's financial markets despite a diplomatic crisis. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport ties with Qatar on June 5, accusing it of supporting terrorism. This has caused many Gulf investors to pull deposits and equity investments from Qatar. However, the Qatar Stock Exchange said on Sunday that it had approved the listing of IHG's shares on Aug. 14, which would increase the number of firms listed on the exchange to 45. It would be the first listing since the crisis erupted."



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