QInvest, the investment bank that’s 49 percent owned by Qatar Islamic Bank, is working to conclude two “reasonable size” mandates for initial public offerings by local companies this year, its chief executive officer said.
“We are looking to conclude one transaction in the second-quarter of 2011, and the other in the second half,” Shahzad Shahbaz said in a telephone interview on Tuesday. The size of the IPOs is yet to be determined, he said.
QInvest, Qatar’s largest investment bank, is still planning to offer its shares to the public as it pursues expansion in the Middle East, Shahbaz said. “We are looking at early 2012, in the first half, depending on market conditions.” he said. “If there was a good story there would be appetite in the market.”
No comments:
Post a Comment