Investment Holding Group to Be Listed in Qatar Exchange Next Week

Doha, August 06 (QNA) - Qatar Stock Exchange (QSE) announced Sunday that the listing of "Investment Holding Group" company will be next Monday, August 14, 2017. The decision to list Investment Holding Group on QSE resulted after the company has fulfilled and complied with all necessary listing requirements. With the listing of Investment Holding Group, the number of listed companies on QSE will increase to 45. QSE stated that listing of Investment Holding Group will be in the Industrial Sector with a symbol IGRD. 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% 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 9:00 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 QAR 830,000,000 divided into 83,000,000 ordinary shares and each Share has a nominal value of QAR 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. Investment Holding Group closed IPO on February 4. It offered 49.8 million shares, 60% of the Group's capital. (QNA)