Qatar Boosts Capital by 25 Percent
Albaladna Qatar Company has agreed to increase its capital by 25%, from 2.144 billion riyals to 2.68 billion riyals, to support its growth plans in Qatar, along with agricultural investments and potential dairy projects in Syria. The company will issue 536 million new shares at a price of 1.01 riyals per share, totaling approximately 541 million riyals. The proceeds from the offering will fund its internal expansion and investments in Syria, including the development of dairy farms, manufacturing projects, and logistics services. This step comes after the company achieved revenues of 329.9 million riyals in the first quarter of 2026, with its net profits increasing by 6% year-over-year.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)