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Qatar Airways plans shares sale

19 December 2010

Qatar Airways plans to sell shares to the public in an initial public offering (IPO) in early 2012, which it hopes will follow its third successive year of net profits.

The airline, which is 50 per cent owned by the Qatari government and 50 per cent by private investors, said it had already started work on the offering, which would sell a minority stake to the public.

We have already triggered the financial mechanism that we would need for an IPO,” said Akbar al Baker, the chief executive of Qatar Airways, in Doha yesterday. “I think we will IPO somewhere in the early part of 2012.

source: thenational.ae

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