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QNA
Doha
Investment Holding Group (IHG) will list its stock on Qatar Stock Exchange on August 14, QSE said in a statement on Sunday.
The announcement comes after the company fulfilling all the required procedures for QSE listing.
With the IHG, the number of listed companies on QSE will increase to 45. QSE said listing of IHG will be in the Industrial Sector under the symbol IGRD. As usual, price floatation for the group will be permitted only for the first day of listing. However, price fluctuations from the second day onwards will be permitted by 10 percent up/down as is the case for all other listed companies.
On first day of trading, the standard procedures of IPOs will apply. Brokerage companies will be permitted to enter any buy/sell orders for IGRD shares and the shares of all other companies in the pre-open session as usual at 9 am.
The company's current shareholders data will be available to all brokerage firms effective Sunday, August 13, 2017.
Investment Holding Group has a share capital of QR830 million divided into 83 million ordinary shares and each share has a nominal value of QR10.
All shares are fully paid up, its business activities are to operate as a holding company, serving as the legal owner of the Portfolio Companies.
Investment Holding Group closed IPO on February 4. It offered 49.8 million shares, 60 percent of the Group's capital.
