Mubasher: A Qatari state-run company will implement its initial public offering (IPO) on the Qatar Stock Exchange (QSE) in 2019, the bourse’s CEO said, denying that it is one of Qatar Petroleum’s (QP) subsidiaries.
Many family businesses have applied to be listed on the QSE, Rashid Al-Masoori told CNBC Arabia.
Listed in 2017, Investment Holding Group (IHG) is the sole family business on the QSE, Al-Masoori noted.
Qatar Aluminium Manufacturing (QAMCO) was the QSE’s most recently listed firm after its IPO in December 2018, he added.
By 12:55 pm Qatar time, the QSE’s general index fell 146.69 points, or 1.36%, to 10,537.25 points.