Middle East Economic Survey

VOL. XLVIII

No 9

28-February-2005

QATAR

Qatar Gas Transport Company IPO Oversubscribed

An IPO for the Qatar Gas Transport Company (Nakilat) closed on 16 February highly oversubscribed by Qatari

nationals. Some 280mn shares were on offer, valued at a total of QR1.4bn ($385mn), or 50% of Nakilats total capital (MEES, 31 January). Each share was given a nominal value of QR10 ($2.75). The IPO witnessed heavy investor turnout since its opening on 16 January and subscription...