Dukhan Bank Successfully Lists Its Shares on Qatar Stock Exchange (QSE)

Dukhan Bank Successfully Lists Its Shares on Qatar Stock Exchange (QSE)

The Dukhan Bank today successfully listed its shares on QSE's main market. The listing ceremony was attended by several representatives from the company and Qatar's financial market. With the listing of Dukhan Bank, the number of listed companies on QSE's main market will increase to 50.

The Dukhan Bank was established in 2008 under the name of Barwa Bank, then it merged with Qatar International Bank in April 2019, and in October 2020 the bank changed its brand to Dukhan Bank, with an authorized and issued capital of 5.234 billion Qatari riyals, which is Paid in full at 100%. The main activities of Dukhan Bank are to carry out, whether for its own account or for the account of others, or to participate with it at home and abroad, in all aspects of banking, financing, investment, real estate and social services activities, in accordance with the provisions of Islamic Sharia.

The shares of Dukhan Bank were listed through the "Direct Listing" mechanism, a common mechanism in all regional markets, which allows companies to be listed without an IPO.

On this occasion, Mr. Abdul Aziz Nasser Al-Emadi, Acting CEO of the Qatar Stock Exchange, expressed his pleasure for listing Dukhan Bank on the Qatar Stock Exchange as the second company to be listed on its main market through the direct listing mechanism. He said: "The listing of this company will increase the depth of the market and unlock opportunities to expand our investor base and access to capital, while providing investors with the opportunity to invest in leading Qatari companies."

The QSE is making unremitting efforts to increase the number of companies listed on the stock exchange by raising awareness of the advantages of listing on QSE's market, Mr. Al-Emadi added.

Dukhan Bank's shares were listed today in the Banks & Financial Services sector with the ticker DUBK. The company's share price was floated on the first trading day. The stock's opening price was 4.000 Qatari riyals, and the last transaction price was 2.992 Qatari riyals. The highest price reached 4.000 Qatari riyals during the trading session and the lowest price reached 2.990 Qatari riyals. Starting from the second day of trading, the stock price will be allowed to fluctuate by 10% up and down, as is the case for other companies listed on the market.

It is worth noting that the company's shareholders' data have been made available to the brokerage firms as of Wednesday, February 15, 2023, to enable shareholders to submit their buy/sell orders directly to the brokerage firms.