Commercial Bank is financing 65% of QAMCO IPO subscription for Qatari Customers
31 October 2018
DOHA, Qatar: Commercial Bank has announced it will finance subscriptions in the initial public offering (IPO) of 273,425,880 shares in Qatar Aluminium Manufacturing Company (QAMCO). The IPO, representing 49% of QAMCO’s issued share capital, remains open between 30 October 2018 and 12 November 2018 closing 1:00 pm, at an offer price of QAR 10.1 per Share (QAR 10 nominal value plus QAR 0.1 offering and listing costs).
Commercial Bank is offering tailored financing of up to 65% of the total value of the QAMCO shares which customers wish to purchase, to help them take full advantage of this opportunity. This financing is offered at 0% interest until the allocation of surplus shares of the IPO is complete.
Commercial Bank Qatari customers can apply for financing through participating branches in the following locations: Landmark Mall, Bin Omran, Al Rayyan, D Ring, Al Messila, in addition to Sadara and Private Banking Suites.
The minimum number of shares which may be applied for is 50 shares. Larger numbers of shares may be applied for in multiples of 50 up to a maximum of 11,160,200 shares.