Posted on December 13, 2019

Today the shares of Baladna Q.P.S.C., a Qatari public shareholding company, were traded for the first time on the Qatar Stock Exchange (QSE).

The start of trading today follows the successful offer of shares in Baladna. The IPO saw high demand from investors with the Offer of Shares being oversubscribed. The offering comprised of 1,425,750,000 new shares (the “Offer Shares”) representing 75% of the share capital of the Company. The IPO Subscription Period ran from 27 October 2019 to 7 November 2019. The listing was marked by an event which saw Rashid Al Mansoori, CEO of the Qatar Stock Exchange, Baladna Chairman Moutaz Al-Khayyat، Vice Chairman Mohammad Al Sada and Baladna Managing Director and Board member Ramez Al-Khayyat, ring the bell.

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Moutaz Al-Khayyat, Group Chairman of Baladna Q.P.S.C, commented: “This is an exciting day for Baladna and for Qatar. “We are immensely proud of the response we have had from investors, which is a strong vote of confidence in both the market and our exciting future. We’re delighted to welcome Qatari citizens as investors and share in the company’s success as part-owners of Qatar’s fast-expanding fresh dairy and beverage industry. “We are proud to be the 47th company to be traded on the Qatar Stock Exchange, after the conclusion of a successful and oversubscribed IPO. We are now focused on delivering the results set out in our growth plans, and maintaining our commitment to ensuring Qatar’s self-sufficiency in diary.”

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The listing event, held at the Qatar Stock Exchange was attended by senior management from Baladna Food Industries and Power International Holding, strategic investors, and transaction advisors. Baladna’s shares were listed with the code BLDN and are traded in the consumers goods and services. Baladna Q.P.S.C. was established on December 2nd, 2019 with an authorized capital of QR1.9bn, which is 100% paid in full. The Company’s primary objective is to manage, supervise and set the business strategy of Baladna Food Industries. BFI is the largest locally owned dairy and beverage company in Qatar.

Investors can now find all relevant information on the company website - https://baladna.com/

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