Middle East Economic Survey
Nakilat Launches $770Mn IPO
Qatar Gas Transport Company (QGTC-Nakilat) on 16 January launched a QR2.8bn ($770mn) initial public offering (IPO). The IPO, set to raise 50 % of QGTCs capital (QR5.6bn-$1.5bn), is only open to Qatari nationals and will be closed on 16 February. So far the IPO appears to be attracting a lot of interest and is expected to be well oversubscribed. On offer are 280mn shares at a QR10 ($2.75) face value....