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Barwa Bank plans share sale
- Qatar: Tuesday, April 16 - 2013 at 05:18
Qatari lender Barwa Bank has announced plans to raise QR2.05bn ($563m) through two share sales including a public float on the Doha bourse, Reuters has reported. The Islamic lender, part-owned by an arm of the state's sovereign wealth fund, will issue 50 million shares at QR21 per share through an initial public offer on the Doha bourse, the bank's chief executive Steve Troop told the news service. Barwa completed a QR1.7bn rights issue last year to fund its growth.
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