RTA revealed that a total of 15.29 million transactions were made via smart apps alone
All 323.19 million shares offered, amounting to 25.725 per cent of Mesaieed, were sold and demand was strong, Qatar Petroleum said, adding that the stock would start trading on the market next month.
The three-week offer, which ended on Tuesday, was open only to Qatari nationals. Qatar Petroleum did not give details of who bought the shares, saying that would be announced by January 30.
The global financial crisis froze IPOs in Qatar but the government wants to revive them as a way to develop the country, which is the world’s top exporter of liquefied natural gas, into a regional financial hub. It also aims to use IPOs to spread more energy wealth among its citizens.
Qatar plans to conduct IPOs worth QR50 billion in its stock market over the next 10 years, the industry minister said last month. The country has a population of about 2.1 million, roughly 250,000 of whom are local citizens.
Mesaieed holds stakes in ventures that manufacture polyethylene, caustic soda and other chemical products. Its partners in the ventures include the US company Chevron Phillips Chemical Co. The stakes held by Mesaieed generated combined revenue of QR4.3 billion and net profit of QR1.6 billion in 2012, officials said.
RTA revealed that a total of 15.29 million transactions were made via smart apps alone
Israel is intensifying its attacks both in Gaza and Lebanon as the fight approaches its one-year mark
Singer to take the stage at Coca-Cola Arena on December 14
Rajinikanth's daughter Soundarya visited the Tiruvottiyur Shri Vadivudai Amman Temple in Chennai to offer prayers for the speedy recovery of her father
Recently, both actresses visited Kashmir to shoot for the film
IMF chief said the region remains a bright spot despite numerous shocks over the past few years
The cyber-thriller is available for streaming on Netflix
'Music is a more honest place for me where I feel like I can say things that I wouldn't say,' admits the star