Qatar exchange awaiting shareholders' approval for initial public offering
Qatar Stock Exchange
Dubai - Arab Today
The Qatar Stock Exchange is awaiting the approval of its shareholders to conduct an initial public offer of its own shares, the exchange's chief executive Rashid Ali Al Mansoori told reporters on Tuesday.
He did not give a time frame for the IPO. The exchange is owned by Qatar Holding, the investment arm of the country's sovereign wealth fund Qatar Investment Authority and in 2013, Qatar Holding bought out NYSE Euronext's 12 per cent stake.
Dubai Financial Market is currently the only listed Gulf stock exchange.
Mansoori also said his exchange planned to list a family-owned business in the retail sector this April, but he did not name the company.
Source :Times Of Oman
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