Qatar Stock Exchange and Baladna announce successful completion of Baladna’s capital increase and listing of new shares

Qatar Stock Exchange (QSE) and Baladna Q.P.S.C. announced today the successful completion of Baladna’s capital increase through a rights issue. Newly issued shares were listed and trading on the QSE. The issuance comprised 535,996,240 new shares offered to existing shareholders on a one-for-four basis, with a subscription price of QAR 1.01 per share.

The subscription period closed on 17 August 2026. The sale of the 120,507,405 unsubscribed shares was completed today, resulting in full coverage of the new shares offered. This capital increase brought the Company’s issued and paid-up share capital to QAR 2,679,981,202, a 25% increase. A Ring the Bell ceremony was held at QSE to celebrate the milestone.

Baladna’s Chairman, Moutaz Al-Khayyat, expressed confidence in the company's growth plans and thanked shareholders, QSE, the Qatar Financial Markets Authority, and Edaa for their support. QSE CEO Abdulla Mohammed Al Ansari highlighted the importance of the transaction in enabling listed companies to access the capital markets and support their growth plans.

The capital increase reflects Baladna's strategy to strengthen its capital base and diversify financing sources for regional and international expansion.