Qatar Petroleum plans $50bn IPOs for units

State-owned Qatar Petroleum plans to offer shares in four of its units in coming years, Hussain al-Abdulla, executive board member of Qatar Holding, the investment arm of the sovereign wealth fund, said on Wednesday.

"There are four companies with QP now ready to list on Qatar Exchange," Abdulla said.

"This will be in coming years," he later told reporters. "About 50 billion USD total," he said, when asked about the value of the offerings.

He declined to specify the names of the companies.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Does the Saudi IPO signal the end of the age of oil?

Does the Saudi IPO signal the end of the age of oil?

Saudis may want to capitalise on an asset that’s only going to...

China paves way for market-based IPO system

China paves way for market-based IPO system

A new law would let companies, not regulators, determine when...

Trading from the frontline in Palestine

Trading from the frontline in Palestine

Palestine’s economy has been crippled by the war on Gaza but...

Most Popular
Most Discussed
sponsoredTracking