Qatar is planning to launch a new regional commercial bank with a capital of $1 billion later this year, and hold an initial public offering for it, officials said.
Officials at the planned bank stated they planned to list on the Doha Securities Market, but that no date had been set, according to a statement posted on the bourse Web site late on Tuesday. The Founders Committee dismissed the news published in the Kuwaiti al Qabas newspaper in regards to the bank’s IPO date. A reliable source from the Founders Committee stated, in a release received by the Management of the Doha Securities Market, that the subscription date for the bank has not yet been determined.
