CORRECTED-Qatar Petroleum unit plans $880 mln IPO in January | Reuters:
"Mesaieed Petrochemical Holding Co, a unit of state-owned energy giant Qatar Petroleum, will conduct a 3.2 billion riyal ($880 million) initial public offer of its shares in the local market in January, the finance minister said on Sunday.
It will be the first IPO on Qatar's stock market, which was hit hard by the global financial crisis, since 2010.
The IPO will only be open to Qatari citizens. It will be conducted between Dec. 31 and Jan. 21, and trading in the shares is expected to start in February, Ali Shareef al-Emadi told a press conference announcing the offering.
The offer price of the shares will be 10 riyals each, and the IPO will comprise 26 percent of the company."
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