Live Breaking News & Updates on Investment Officer Chirag Doshi
Stay updated with breaking news from Investment officer chirag doshi. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Qatar’s first IPO since 2019 sees shares in QLM soar 24% 13 Jan 2021 - 15:24 By Filipe Pacheco and Archana Narayanan / Bloomberg The shares of QLM Life & Medical Insurance Co jumped as they debuted on Qatar’s stock exchange, as the restoration of ties between the nation and its Gulf neighbours cleared the way for businesses to expand outside of their home market. The stock soared 24% to 3.90 riyals by the close after the first initial public offering on the Doha-based bourse since 2019. Qatar Insurance Co, which will retain a 25% stake in QLM after raising QR 659 million ($180 million) from the sale, finished 0.2% lower while the main equities index in Qatar ended slightly higher. ....
Dubai: The shares of QLM Life & Medical Insurance Co. jumped as they debuted on Qatar s stock exchange, as the restoration of ties between the gas-rich nation and its Gulf neighbors cleared the way for businesses to expand outside of their home market. The stock soared as much as 17 per cent to 3.69 riyals in the first initial public offering on the Doha-based bourse since 2019. Qatar Insurance Co., which will retain a 25 per cent stake in QLM after raising 659 million riyals ($180 million) from the sale, fluctuated between gains and losses as most shares in the Qatar Exchange Index declined. Qatar Insurance Co., the Middle East and North Africa s largest insurer by market capitalization, is planning to channel the proceeds to expand its main property and casualty unit as well as other business lines, QIC Chief Investment Officer Chirag Doshi said in an interview with Bloomberg TV on Wednesday. ....