QFIB eyes Doha listing, Islamic loan
Dubai, February 21, 2012
Qatar First Investment Bank (QFIB) plans to list on the Doha stock exchange by year-end and wants to raise a $250 million sharia-compliant facility during the first half of 2012, chief executive Emad Mansour said.
'We won't be raising money through an IPO but we want our 1,200 shareholders to trade the stock,' Mansour told reporters in Dubai. 'Listing on the Doha bourse will help in the rating and open new funding options for us.'
Mansour said QFIB was in talks to appoint a financial advisor for the listing. - Reuters