Published: December 16, 2018 15:07:23 | Updated: December 26, 2018 14:00:41
Shares of Qatar Aluminium opened at 18.00 riyals on Sunday, 78 per cent above their initial public offer price of 10.10 riyals, capping a successful run for Qatar’s biggest equity listing this year, according to Reuters.
State-owned Qatar Petroleum sold 49 per cent of its shares in its subsidiary Qatar Aluminium Manufacturing Co in late October in a deal that raised roughly $758 million.
The IPO price included the offering and listing costs of 0.1 riyal per share.
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