Qatar Petroleum announced the completion of the allotment process of the Initial Public Offering (IPO) shares which represent 49 percent of the issued share capital of Qatar Aluminium Manufacturing Company (Qamco). The IPO was heavily subscribed, with the shares offered to individual investors being more than 2.5 times oversubscribed.
Based on the IPO subscription results, 1,412 offer shares are allocated to each individual investor as the maximum. In the case of investors subscribing for less than this maximum amount, they are allotted the subscribed number shares. A total of 5 percent of the issued shares capital of Qamco has been allotted to the General Retirement & Social Insurance Authority. The refund process is expected to commence on Sunday, November 25, 2018. Individual applicants will be advised of their subscriptions by SMS. The shares will be admitted to trading on the Qatar Exchange in December.
