Saturday 16 December 2017

Exclusive: Qatari dairy company battling Arab boycott to go public next year - sources

Exclusive: Qatari dairy company battling Arab boycott to go public next year - sources:

"Qatari company Baladna, which is creating a dairy industry in the desert to help the country to cope with a boycott by other Arab states, is planning an initial public offer of its shares (IPO) to raise funds and bring in strategic investors, sources familiar with the matter said.

The privately-owned firm has chosen QNB Capital, the investment banking arm of Qatar National Bank QNBK.QA, to arrange the IPO for the first half of 2018, said the sources, who declined to be named because the matter isn’t public."



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