DOHA: The shares of “Baladna” were admitted to trading in Qatar Stock Exchange (QSE), bringing the number of companies listed on the market to 47 Qatari public shareholding companies.

Baladna was established on December 2nd 2019 with an authorized capital of QR1.9bn, which is 100% paid in full. The Company’s primary objective is to manage, supervise and set the business strategy of Baladna.

The objects and activities of the Company under the AoA are to establish, own, hold, buy, sell, subscribe for, transfer and allot or redeem shares, loan notes, bonds and any interests in itself, any affiliate and / or any company or undertaking; in addition to invest any of the Company’s assets in funds, shares, bonds and financial instruments; as well as owning patents, commercial businesses, franchises, movable assets, personal and real property necessary or conducive for the furtherance of its objects.

Baladna was listed with the code “BLDN” in the Consumer Goods & Services sector. The opening price on the first day of trading was QR 1.02, the last traded transaction price was QR 1.00, the highest price was QR1.07 and the lowest price was QR 0.99.

As of tomorrow, the price fluctuation for Baladna will be allowed by 10%, up and down, as the case for all other listed companies.

The company’s subscribers’ data have been available at the brokerage firms since Sunday, December 8, 2019, to allow investors to submit their buy/sell orders directly to the brokers.

The listing ceremony was held at QSE headquarters in the presence of investors and members of QSE’s and Baladna’s Boards of Directors.


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