Al Rayyan IPO 6 times Oversubscribed

Posted on Sun, 02/05/2006 - 15:56

Al Rayyan initial public offering (IPO) was about six times oversubscribed, raising to QR14.2 billion ($3.9 billion). 

More than 780,000 applications were received from all GCC countries including Qatar and those issued via the Internet.

The over-subscription figures could be the largest IPO in GCC in terms of the number of applicants.