TNN
Doha
QInvest LLC, Qatar’s leading investment bank and one of the most prominent Islamic financial institutions globally, acting in its capacity as Listing Advisor and Offering Manager on the potential initial public offering of MEEZA QSTP LLC, a leading provider of end-to-end IT services in Qatar, hereby announces the price range for the IPO that has been set at QR2.61 to QR2.81 per offer share.
The offering will comprise of 324,490,000 ordinary fully paid-up shares in MEEZA QSTP LLC, amounting to 50% of the total issued share capital of the Company. The total Offering size is expected to be between QR846,918,900 and QR911,816,900.
QInvest, as well as, announces the commencement of the book building period which started on the 15th of January and will end on the 26th of the same month. During the Book Building Subscription Period, only Qualified Investors can review the details related to the IPO. The purpose of the book building mechanism is to quantify Qualified Investors demand based on the Price Range, in order to set the final Offer Share price for the Offering. The Book Building Subscription Period for Qualified Investors is in accordance with the book building mechanism issued by the Qatar Financial Markets Authority.
Offering details have been made publicly available on QInvest website www.qinvest.com.
