Baladna Capital Increase and Share Trading Begin
Qatar Stock Exchange and Baladna Company (a Qatari joint stock company and the largest producer of dairy and beverages in Qatar) announced the successful completion of the company’s capital increase through a rights issue, with the new shares listed on the Qatar Stock Exchange. The process involved offering approximately 536 million new shares at a subscription price of 1.01 Qatari riyals per share, fully covered at 100% after the unsold shares were sold. This raised the company's capital from 2.14 billion riyals to 2.68 billion riyals, a 25% increase. The company confirmed that this step will accelerate its expansion plans, enhance its regional and international presence, and reflect the high investor confidence in its strategy.
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