Qatar's first IPO since 2010 fully subscribed

Reuters Middle East

DOHA, Jan 22 (Reuters) - Mesaieed Petrochemical Holding Co [IPO-MPHO.QA>], a unit of state-owned Qatar Petroleum, has completed the Qatari stock market's first initial public offer of shares since 2010, the parent company said on Wednesday.

All 323.19 million shares offered, amounting to 25.725 percent of Mesaieed, were sold to Qatari investors and demand was strong, Qatar Petroleum said. The offer raised about 3.2 billion riyals ($880 million). (Reporting by Amena Bakr; Writing by Andrew Torchia; Editing by Greg Mahlich)

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