Deloitte Advises Al Faleh Educational Holding On Its Debut Listing On The Venture Market Of Qatar Stock Exchange
Deloitte Middle East acted as the listing advisor for Al Faleh Educational Holding Q.P.S.C. (Al Faleh) for listing of 240 million ordinary shares on the Venture Market of Qatar Stock Exchange (QEVM) on 13 April 2021. The listing and admission to trading of shares on QEVM has been approved by the Qatar Financial Market Authority and the Qatar Stock Exchange (QSE).
QEVM provides an alternative venue for listing and trading of shares for Small and Medium Enterprises (SMEs) who are unable to meet the higher capital and other requirements of the main market of QSE. Al Faleh Educational Holding will be the first to list on QEVM and also the first in the education sector to go public in Qatar.
Robin Butteriss, Partner, Corporate Finance Advisory at Deloitte Middle East led this landmark transaction. “We are very pleased to have successfully led and managed a complex transaction process that resulted in the debut listing on QEVM. The experience and capabilities of the Financial Advisory team in Qatar played a major role in supporting Al Faleh Educational Holding transition to the next phase of growth and development”, commented Butteriss.
Walid Slim, Partner at Deloitte Middle East supported Al Faleh throughout and worked closely with the Qatar Stock Exchange. “The QEVM, as a platform, provides similar companies opportunities to accessing capital markets and diversify sources of funding, which will support future activity. ”commented Slim.
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