The Listing of Baladna Shares on Qatar Stock Exchange is on Wednesday, December 11, 2019. Shareholders Data Will be Available at Brokerage Firms by Sunday, 08/ December/ 2019

05-12-2019

The administration of Qatar Stock Exchange (QSE) announced that it has decided to accept the shares of Baladna Food Industries (“Baladna”) to trading in the market as of Wednesday December 11th 2019, after completing all the required technical and administrative procedures. With the listing of Baladna, the number of listed companies on QSE will rise to 47.

An official source at QSE said that the shares of Baladna will be listed with the code “BLDN” in the industrial sector. As usual, the price floatation for Baladna will be allowed only for the first day of listing, while the price fluctuation will be permitted starting from the second day and afterwards by 10% up/down, just like what happens with all the other listed companies.

The source clarified that no change will take place in the trading session during the first day of listing, except for the Pre-Open period as brokerage companies will be allowed to enter only buy/sell orders for Baladna shares starting at 8:30 am during the first listing day only, while the Pre-Open period for the other listed companies will remain as usual, at 9:00 am.

The data will be available at the brokerage firms effective starting from Sunday, 08/ December/ 2019, in preparation for the buy/sell of its shares. Thus, investors will be able to submit their buy/sell orders directly to the brokers as of that date, the source added.

It worth mentioning that Baladna was completely established on 02/ December/ 2019 with an authorized capital of QAR1.9bn, which is 100% paid in full.

It noteworthy that the Company’s most important objective is to manage, supervise and set the business strategy of Baladna Food Industries (BFI). The objectives and activities of the Company under its articles of association (AoA) are  food trade , milk, dairy products, milk and yogurt production and their products, in addition to incorporation, ownership,  acquisition,  sale, subscription , transfer of ownership, privatization, redemption of shares, loan bonds, deeds (sukuk) and any interests therein or in a subsidiary company or in other companies and establishments and investment of any of the company's assets in funds, shares, bonds and financial instruments, ownership of  movable assets and property in kind and individual to realize its objectives.