Doha [Qatar], September 9: Qatar Stock Exchange and Baladna, Qatar's largest dairy and beverage producer, announced today the successful completion of Baladna's capital increase through a rights issue, with the newly issued shares listed and trading on QSE.
The issuance comprised the offering of 535,996,240 new shares to existing shareholders, on a one-for-four basis, at a subscription price of QR1.01 per share, with the subscription period closing on 17August 2026.
The process was completed today with the full sale of the 120,507,405 unsubscribed shares at the start of the trading session, resulting in 100 percent coverage of the new shares offered. Following completion of the process, the Company's issued and paid-up share capital rose from QR2,143,984,962 to QR 2,679,981,202, distributed over 2,679,981,202 shares, an increase of 25 percent, making it one of the largest capital increases completed under the Offering, Listing, and Mergers and Acquisitions Rules issued by the Qatar Financial Markets Authority in December 2025.
To celebrate the completion of this transaction, a Ring the Bell ceremony was hosted by Qatar Stock Exchange, attended by senior officials and representatives of the executive management teams of both organizations, reflecting the significance of this milestone in the Company's journey.
In a statement marking the completion of the capital increase process, Baladna Chairman Moutaz Al Khayyat said, "The successful completion of this capital increase marks an important milestone in Baladna's growth journey and reflects the strong confidence our shareholders place in our strategy and future plans. This additional capital will allow us to accelerate the execution of our expansion plans, strengthen our production capacity, and reinforce our presence in regional and international markets, further advancing our contribution to sustainable food security.
"The full sale of the remaining shares reflects strong investor demand for Baladna shares, with the Company's share price closing the trading session up 1.51 percent at QR1.28, confirming the success and completion of the issuance process. We extend our sincere thanks and appreciation to our shareholders for their continued trust and support, and to Qatar Stock Exchange, the Qatar Financial Markets Authority and Edaa for their effective collaboration in delivering this transaction smoothly and professionally."
For his part, Qatar Stock Exchange Chief Executive Officer Abdulla Mohammed Al Ansari said, "The completion of the listing of Baladna's capital increase shares represents an important milestone and underscores the pivotal role QSE plays in enabling listed companies to access the capital markets and benefit from a diverse range of financing solutions that support their growth and expansion plans.
The successful execution of this transaction also demonstrates the efficiency of coordination and collaboration among the regulatory authorities, market infrastructure institutions and market participants involved."
He said, "QSE remains committed to developing an integrated and efficient market ecosystem that enables companies to capitalise on the tools and opportunities offered by the capital market. These efforts contribute to greater market depth and a broader range of investment opportunities for investors, while supporting private-sector growth and Qatar's economic development objectives."
This transaction reflects Baladna's ongoing strategy to strengthen its capital base and diversify its sources of financing in support of its regional and international expansion plans, further consolidating its leading position in the dairy and beverage sector. It also reflects QSE's commitment to the continued development of the market and to broadening the range of financing and investment solutions available to companies for raising capital.
Source: Qatar Tribune
