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Qatar Exchange lists Baladna after capital raise
Qatar Stock Exchange and Baldana Company announced the successful completion of Baldana's capital increase process, following the issuance of priority rights and the offering of 535,996,240 new shares at a price of 1.01 Qatari Riyals per share. The entire offering was fully covered, with 100% subscription. The company's shares increased by 1.51%, reaching a price of 1.28 Riyals after trading closed. Its capital rose from 2.144 billion Riyals to 2.68 billion Riyals, representing a 25% increase. This capital boost allows the company to strengthen its expansion and production capabilities, demonstrates investor confidence in its shares, and aligns with its efforts to expand in regional and international markets to promote sustainable food security.
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