Dandi finishes construction process
Dandy, one of Qatar's leading companies in the dairy and food products sector, announced the successful completion of its price discovery process as part of its preparations for the initial public offering (IPO) and listing shares on the Qatar Stock Exchange. The process witnessed strong demand from 19 institutional investors, with the offered tranche being oversubscribed multiple times, leading to a share price set at 5 Qatari Riyals per share, based on investor assessments. The company received a no-objection letter from the Qatar Financial Markets Authority to proceed with the listing process, and regulatory procedures are currently underway in preparation for the launch of the public subscription phase.
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