CHAIRMAN: DR. KHALID BIN THANI AL THANI
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Business / Qatar Business

Baladna gets QFMA approval for IPO launch

Published: 11 Oct 2019 - 10:12 am | Last Updated: 01 Nov 2021 - 03:09 am
A Baladna booth with its products at Qatar International Agricultural Exhibition 2019 (AgriteQ), which was held in March this year.  Qatar’s largest dairy producer, yesterday, got approval from Qatar Financial Markets Authority (QFMA) for its Initial Publ

A Baladna booth with its products at Qatar International Agricultural Exhibition 2019 (AgriteQ), which was held in March this year. Qatar’s largest dairy producer, yesterday, got approval from Qatar Financial Markets Authority (QFMA) for its Initial Publ

The Peninsula

Qatar Financial Markets Authority (QFMA) has approved the Initial Public Offering (IPO) of Baladna (Qatari Shareholding Company-Under incorporation).

The QFMA stated that company will start the IPO process after the completion of all legal requirements, the provision of the prospectus and all relevant data, as well as making it available for those wishing to invest before the start of the IPO.

As one of Qatar’s leaders in dairy and beverage production, Baladna has been contributing towards Qatar’s self-sufficiency goals by adopting an innovative line of products. Baladna has nearly 20,000 dairy cows and supplies the market with all the necessary dairy products.