In a statement, Executive Board Member of Qatar Holding said the state owned Qatar Petroleum would be offering shares in four of its units in the next few years. Qatar Holding is the investment unit of the sovereign wealth fund of the kingdom of Qatar.
According to Abdulla, "There are four companies with QP now ready to list on Qatar Exchange. This will be in coming years. About 50 billion USD total."
This he replied after being asked about the value of the offers, He did decline to name the specific companies that would be subject to the public listing.
Last April, Doha Global Investment Co was unveiled as a US$12 billion investment firm that was backed by assets coming from the sovereign wealth fund. In a plan to share the riches with its local citiizens and institutions, shares would be offered to the public.
Abdulla did not say when the Global IPO would be conducted. Stock traders have been speculating that the IPO would be held after May of this year.
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