Qatar Petroleum: Major IPO Updates in Doha
In May of 2013, the Sovereign Wealth Fund Institute posted a story about Doha Global Investment Co., the investment company partially backed by Qatar Holding LLC, noting the investment company’s decision to postpone its initial public offering until regulatory approval could be met. Qatar Holding LLC is a subsidiary of the Qatar Investment Authority.
It appears that that postponement could be much longer than anticipated as the fund is continuing to experience difficulties in implementing the IPO.
However, there is growing speculation that Qatar Petroleum will be offering IPOs in four of its units in the near future. Some local investors are selling assets and holding cash in anticipation of shares from the third largest oil company in the world by oil and gas reserves coming onto the market.
The speculation is fanned in part by remarks made in May by Hussain Al-Abdulla stating that Qatar Petroleum would be offering shares in the coming years. Hussain Al-Abdulla is an executive board member of the Qatar Investment Authority.
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