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FINANCIAL NEWS
Qatar Airways delays IPO plan for up to 8 yrs
09 Mar 2012
(MENAFN) Qatar Airways’ CEO, Akbar Al-Baker, said that as a result of the global economic turmoil, the carrier decided to postpone any initial public offering (IPO) plan for 5 to 8 years, reported Arab News.
Al-Baker added that the IPO plan would have been to list 50 percent of the airline’s shares, but limits foreign ownership of stock to 20-25 percent.
On the other hand, he said that Qatar Airways profit would fall in the financial year to end-March, and revenue would be eroded by high jet fuel prices and the Arab Spring.
It is worth noting that in 2010, Qatar Airways said that it was planning an IPO in early 2012 after three consecutive years of profit.
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05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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