The Investment Holding Group (IHG) will be listed on Qatari bourse on Monday, August 14. The listing of IHG will be in the industrial sector, with a ticker of IGRD. With the listing of IHG, the total number of listed companies on Qatar Stock Exchange (QSE) will be 45.
The decision to list Investment Holding Group on QSE resulted after the company has fulfilled and complied with all necessary listing requirements, the bourse announced yesterday. As usual, price floatation for Investment Holding Group will be permitted only for the first day of listing. However, price fluctuation on the second day and thereafter will be permitted by 10 percent up/down as 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 business usual at 9 m 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 QR830m divided into 83million ordinary shares and each Share has a nominal value of QR 10. All Shares are fully paid up, its business activities is to operate as a holding company, serving as the legal owner of the Portfolio Companies.
IGH Chairman Ghanim bin Sultan Al Hodaifi Al Kuwari extended his thanks to the regulatory and official authorities for the approval on listing Investment Holding Group.
“The Group is continuing its study of the various new investment plans to open doors for more ample success and achievements. The Group and its subsidiaries managed to maintain the high quality performance and implementation of its contracts concluded with others, which is reflected in the Group’s growth stability, despite the economic obstacles that encounter the region in general”, he said.
