Apr 23 2010 |
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Trading in Barwa with new shares to begin on Apr 25
Doha: Qatar Exchange yesterday announced the addition of new shares of Barwa Real Estate Company as a result of the acquisition till now of approximately 85 percent of Alaqaria 's share capital, after receiving all necessary approvals from the respective authorities.The new share capital for Barwa Real Estate Company will be QR3,631,461,880, distributed among 363,146,188 shares. Trading in Barwa with the new share capital will resume on April 25, 2010.
The new number of free floating shares included in the index after the increase of the share capital is 363,146,188 shares and will also be applicable as from April 25. The adjustment will not affect the opening value of the index, but it wall change the computed weight in the index equation.
Alaqaria shareholders who have signed the acceptance form in accordance with the conversion rate of 1 Alaqaria share = 1.1 Barwa share will be able to trade their new shares from April 25.
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