AlRayan Investment advises Baladna on its landmark rights issue

AlRayan Investment (ARI) recently completed the landmark rights issue of Baladna, a major capital increase on the Qatar Stock Exchange (QSE) in recent years. This was the first rights issue conducted under the new rules set by the Qatar Financial Markets Authority in December 2025. As the sole offering manager, ARI handled the entire transaction, solidifying its leadership in Qatar's equity capital markets.

The rights issue increased Baladna's share capital by 25% to QR2.68tn and saw exceptional investor demand. Every new share was fully placed, and the unsubscribed tranche was fully absorbed within minutes of the opening bell on the first trading day, garnering a 1.5% increase in Baladna's share price. The transaction was celebrated with a bell-ringing ceremony at the QSE, marking a significant milestone in the continued growth and deepening of Qatar's capital markets.

Akber Khan, ARI's acting CEO, expressed pride in advising Baladna on this significant equity market transaction, while Baladna's CFO, Saifullah Khan, highlighted the importance of the capital increase in strengthening the company's financial foundation and supporting future expansion plans within Qatar and internationally.