Qamco’s IPO launch evokes huge response - The Peninsula Qatar

Qamco’s IPO launch evokes huge response - The Peninsula Qatar:

The initial public offering (IPO) of Qatar Aluminium Manufacturing Company (Qamco) has evoked huge response from investors. The first 10 days of the Qatar Petroleum’s offering of 49 percent of its shares to the public saw strong demand from investors; QNA reported after speaking to senior executives of some of the participating banks.

“The big response to Qamco IPO exceeded our expectations and we continue to expect strong demand during the remaining days”, QIB Group CEO Bassel Jamal said. The investors’ response affirms the strength of the Qatari economy, and the citizens’ awareness of the importance of investment in industrial companies.

In order to meet the demands of the large number of applicants for IPO, the QIB allocated 12 branches throughout the country to receive applications in the morning and evening, facilitating a smooth subscription to the shares, QIB CEO noted.