Deloitte Middle East acted as the listing advisor for Al Faleh Educational Holding Q.P.S.C. (Al Faleh) for listing of 240 million ordinary shares on the Venture Market of Qatar Stock Exchange (QEVM) on 13 April 2021. The listing and admission to trading of shares on QEVM has been approved by the Qatar Financial Market Authority and the Qatar Stock Exchange (QSE).
QEVM provides an alternative venue for listing and trading of shares for Small and Medium Enterprises (SMEs) who are unable to meet the higher capital and other requirements of the main market of QSE. Al Faleh Educational Holding will be the first to list on QEVM and also the first in the education sector to go public in Qatar.
Robin Butteriss, Partner, Corporate Finance Advisory at Deloitte Middle East led this landmark transaction. “We are very pleased to have successfully led and managed a complex transaction process that resulted in the debut listing on QEVM. The experience and capabilities of the Financial Advisory team in Qatar played a major role in supporting Al Faleh Educational Holding transition to the next phase of growth and development”, commented Butteriss.
Walid Slim, Partner at Deloitte Middle East supported Al Faleh throughout and worked closely with the Qatar Stock Exchange. “The QEVM, as a platform, provides similar companies opportunities to accessing capital markets and diversify sources of funding, which will support future activity. ”commented Slim.
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About Deloitte & Touche (M.E.) LLP:
Deloitte & Touche (M.E.) LLP (DME) is the affiliate for the territories of the Middle East and Cyprus of Deloitte NSE LLP (“NSE”), a UK limited liability partnership and member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”).
DME is a leader in professional services with uninterrupted presence in the Middle East since 1926 with 26 offices in 14 countries and around 5,000 partners, directors and staff. DME’s presence in the Middle East and Cyprus is established through its affiliated independent legal entities, which are licensed to operate and to provide services under the applicable laws and regulations of the relevant country. DME’s affiliates and related entities cannot oblige each other and/or DME, and when providing services, each affiliate and related entity engages directly and independently with its own clients and shall only be liable for its own acts or omissions and not those of any other affiliate.
About Deloitte:
Deloitte refers to one or more of DTTL, its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL, NSE and DME do not provide services to clients. Please see www.deloitte.com/about to learn more.
Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our network of member firms in more than 150 counties and territories, serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 300,000 people make an impact that matters at www.deloitte.com.
The information contained in this press release is correct at the time of going to press.
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