QNB announces financing of Baladna IPO subscriptions
October 22 2019 09:20 PM
Cows on a rotary milking system at the Baladna farm in Qatar.
Cows on a rotary milking system at the Baladna farm in Qatar.

Doha

QNB, the largest financial institution in the Middle East and Africa, has announced the financing of subscriptions to the initial public offering (IPO) of Baladna.

The bank will finance 65% of the total value of shares that Qatari QNB customers wish to purchase, as per certain set conditions.

Customers can now complete the registration and subscription to the IPO with a simple process by visiting qnb.com/IPO available through the bank’s website and mobile banking services.

Through this service, customers can now subscribe easily to IPO by using QNB Internet and Mobile Banking before the opening or during IPO for themselves, or on behalf of their relatives and children without the need to visit branches.

Baladna, the proposed holding entity of Qatar’s dominant dairy farm, is aiming at raising as much as QR1.43bn by offering 75% equity stake to public through an IPO which will be in the market from October 26 to November 7.

QNB provides innovative ways to enable customers to register on all IPOs either for themselves or on behalf of their relatives and children.




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