Middle East Economic Survey
VOL. XLIX
No 7
13-February-2006
QATAR
Al-Rayan Bank IPO Raises In Excess Of $3.9Bn
Al-Rayan Banks initial public offering (IPO) closed over six times oversubscribed on 29 January, raising more than QR14.2bn ($3.9bn). The IPO opened on 15 January and was managed by Qatar National Bank (QNB). On offer were 412,500,000 shares (or 55% of the banks capital which stands at QR7.5bn $2.06bn) at QR10 ($2.75) per share (MEES, 16 January). A segment of 330mn shares was open for...
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