QP offloading 49% stake in Qatalum through IPO:
"Qatar Petroleum (QP) is offloading 49% stake in Qatalum through an initial public offering (IPO), which is expected to hit the market by the end of this year.
The move follows the directives of the Amir His Highness Sheikh Tamim bin Hamad al-Thani to offer Qatari nationals shares in state-sponsored companies that enjoy safe investment environment and lucrative returns.
It is expected that the necessary procedures and approvals will be taken for listing on the Qatar Stock Exchange (QSE) during the last quarter of this year. QP will also establish a holding company that will acquire QP's stake in Qatalum."
'via Blog this'
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