AlRayan Investment successfully advises on Baladna’s QR536m rights issue

Doha, Qatar witnessed the successful completion of Baladna's QR536 million rights issue, marking one of the largest capital increases on the Qatar Stock Exchange in recent years. AlRayan Investment (ARI), the exclusive offering manager, handled the transaction from start to finish, reinforcing its leadership in Qatar's equity capital markets.

The issuance expanded Baladna's share capital by 25% to QR2,68 billion, with every new share being placed in full. The transaction attracted significant investor interest as it was fully absorbed within the first trading day. Baladna's shares closed the session 1.5% higher, indicating strong market confidence in the company.

The milestone transaction occurred under the new Offering, Listing, and Mergers and Acquisitions Rules introduced by the Qatar Financial Markets Authority in December 2025. ARI's successful execution was celebrated with a bell ringing ceremony at the Qatar Stock Exchange.

Commenting on the transaction, Akber Khan, Senior Executive Function of ARI, expressed pride in having advised Baladna on this monumental equity capital markets transaction. Saifullah Khan, Group Chief Financial Officer of Baladna, emphasized the importance of the capital increase in strengthening the company's financial foundation for future growth, both domestically and internationally.

Established in 2007, AlRayan Investment LLC is a multi-award winning investment firm, specializing in corporate advisory and asset management. ARI, wholly owned by AlRayan Bank, is authorized by the QFC Regulatory Authority and licensed by the Qatar Financial Markets Authority, adhering to Sharia principles in all its operations.