BRIEF: Commercial Bank To finance 65 Pct of QAMCO IPO subscription for Qatari Customers

COMMERCIAL BANK COMB.QA :

* WILL FINANCE SUBSCRIPTIONS IN INITIAL PUBLIC OFFERING OF 273.4 MILLION SHARES IN QATAR ALUMINIUM MANUFACTURING COMPANY (QAMCO)

* IPO, REPRESENTING 49 PERCENT OF QAMCO’S ISSUED SHARE CAPITAL, REMAINS OPEN BETWEEN OCT 30 AND NOVEMBER 12, AT OFFER PRICE OF QAR 10.1 PER SHARE

* OFFERING TAILORED FINANCING OF UP TO 65 PERCENT OF THE TOTAL VALUE OF THE QAMCO SHARES

* SAYS FINANCING IS OFFERED AT 0% INTEREST UNTIL THE ALLOCATION OF SURPLUS SHARES OF THE IPO IS COMPLETE

Source:(https://bit.ly/2JrqnLJ) Further company coverage: COMB.QA

((Reuters.Briefs@thomsonreuters.com;))