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Barwa Bank considering Doha IPO
- Qatar: Tuesday, October 02 - 2012 at 01:18
Qatar-based Barwa Bank has unveiled plans for an initial public offering on the Doha stock exchange and said it is being advised by local investment bank QInvest in the process, Reuters has reported. Barwa Bank is 37.3% owned by Barwa Real Estate Co while Qatar Holding, the investment arm of the Gulf state's sovereign fund, has a 12.1% stake. The remaining shares are owned by several individuals and corporates, according to the lender's 2011 results. "We have been working with QInvest on a listing advisory relationship for quite some time," CEO Steve Troop told the news service, declining to give specific details.
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