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Al Khaliji begins trading on Doha Stock Market
DUBAI — The newly established commercial bank in Qatar, Al Khaliji, yesterday began trading on the Doha Stock Market (DSM) as it exercised transparency by writing to 86,547 investors in its recent initial public offering (IPO).
"Al Khaliji's letter to shareholders not only advised them of today's listing date but also invited them to play an active part in shaping the region's newest and most innovative entrant in the banking sector," the bank said in a statement.
It said that even non-shareholders who are interested in the future of the bank could register on its website and post suggestions on which direction Al Khaliji should take.
"We're hoping to build a long-term relationship that will fundamentally shape how we do business as a bank," said Tariq Al Malki, chairman of Al Khaliji. "Together, we have the potential to change the industry in the region."
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