Doha Bank, Qatar's fifth-largest bank by market value, is considering selling shares in London as part of a plan to boost capital by up to $1.6 billion in 2013, four banking sources said.
The lender, part-owned by the Gulf state's sovereign wealth fund, may raise about a quarter of the capital through an issue of global depository receipts (GDR) on the London Stock Exchange, with the remainder raised through a local rights issue, two of the sources said, speaking on condition of anonymity because the matter has not been made public.
A GDR is a certificate that represents a block of shares in a company. GDRs are often issued by firms in emerging market states to allow foreign investors to buy the stock more easily.
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