{
  "id": 17419744,
  "title": "QNB Group confirms final allocation of shares ahead of Dandy IPO",
  "url": "https://urgent.news/2026/10/31/qnb-group-confirms-final-allocation-of-shares-ahead-of-dandy-ipo",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T14:24:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/737142/business/qnb-group-confirms-final-allocation-of-shares-ahead-of-dandy-ipo"
  },
  "original_language": "en",
  "account": "QNB Group has announced that it has allocated all subscribed shares in the IPO for Dandy Ltd. With the final share allocations confirmed, Dandy will now move forward with the remaining stages of its IPO. Trading in Dandy’s stock is anticipated to begin in November, contingent upon the finalisation of its admission to the exchange. Through the IPO, Dandy has made 40% of its equity available, already attracting interest from prominent institutional investors such as insurers and private investment firms. QNB Group served as the Lead Receiving Bank, with other receiving banks comprising Ahli Bank, AlRayan Bank, Commercial Bank, Doha Bank, Dukhan Bank, QIIB, and Qatar Islamic Bank. Offering and Listing Advisor Maroon Capital Advisory also played a role in the process. A total of 41.2 million shares, priced at QR5.01 each, have been allocated in the IPO, with an overall offering size of QR206.41 million, including fees. Following the listing, Dandy’s market capitalisation will reach QR515 million. QNB’s involvement underscores its ongoing dedication to fostering Qatar’s economic growth and financial market development, aligning with the country’s broader economic diversification and sustainable development goals outlined in Qatar National Vision 2030.",
  "summary": "QNB Group has announced that all subscribed shares in the Initial Public Offering for Dandy Ltd have now been allocated. With the final share allocations having been confirmed, Dandy will now proceed ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}