Feb 27 2008 |
more articles from
|
Qatar Petroleum names banks for IPO of GIS
Doha - Qatar Petroleum (QP) announced the list of accredited receiving banks for the Gulf International Services Q.S.C. (GIS) Initial Public Offering (IPO).The IPO to be launched tomorrow (February 28, 2008) represents the latest in QP privatization initiatives. GIS, an established holding company comprises Al Koot Insurance and Reinsurance Company S.A.Q (Al Koot), Gulf Drilling International Limited Q.S.C. (GDI) and Gulf Helicopter Company Q.S.C. (GHC).
In addition to all branches of Qatar National Bank (QNB), investors will be able to make their applications at selected branches of Al Ahli Bank, Arab Bank, Commercial Bank Qatar, Doha Bank, HSBC, International Bank of Qatar (IBQ), Qatar Islamic Bank (QIB), International Islamic (QIIB) and Rayan Bank.
QNB has been appointed as Lead Receiving Bank. The Financial Advisor and Lead Manager for the IPO is HSBC Bank Middle East Limited, with Norton Rose and the Law Offices of Manaa Nasser Saleh acting as legal counsel. HSBC will directly distribute the applications and prospectus to all participating Banks.
QNB Group Chief Executive Officer, Ali Shareef Al Emadi said: "The nine banks selected have met our criteria for operating as receiving banks. We anticipate a positive response to this offer and have every confidence in the ability of our selected receiving banks to handle the likely volume of applications."
The IPO is open to all Qatari citizens. The share price has been set at QR21 per offer, with offering costs of QR0.6.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment