DOHA: Commercial Bank has announced it will finance subscriptions in the initial public offering (IPO) of 273,425,880 shares in Qatar Aluminium Manufacturing Company (Qamco). The IPO, representing 49 percent of Qamco’s issued share capital, remains open between October 30, 2018 and November 12, 2018 closing 1pm, at an offer price of QR10.1 per share (QR10 nominal value plus QR0.1 offering and listing costs).
Commercial Bank is offering tailored financing of up to 65 percent of the total value of the Qamco shares which customers wish to purchase, to help them take full advantage of this opportunity. This financing is offered at zero percent interest until the allocation of surplus shares of the IPO is complete.
Commercial Bank Qatari customers can apply for financing through participating branches in the following locations: Landmark Mall, Bin Omran, Al Rayyan, D Ring, Al Messila, in addition to Sadara and Private Banking Suites. The minimum number of shares which may be applied for is 50 shares. Larger numbers of shares may be applied for in multiples of 50 up to a maximum of 11,160,200 shares.
