15 Hrs
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وكالة الأنباء القطرية
Baladna's capital increase and share trading begin
Qatar Stock Exchange and "Balanced" Company announced the successful completion of the company's capital increase through a rights issue. A total of 535.996 million new shares were offered at a price of 1.01 Qatari riyals per share, with full subscription coverage of 100%. As a result, the company's capital increased from approximately 2.14 billion riyals to around 2.68 billion riyals, marking a 25% rise. This process is among the largest capital increases in Qatar and aligns with the company's strategy to strengthen its capital base and expand its capabilities. It also supports the implementation of domestic and regional expansion plans. The success of this operation reflects investors' confidence in the company.
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