Doha, June 14 (QNA) - Dandy Ltd Company (Q.P.S.C.) (under conversion), a Qatari company specializing in the manufacture and distribution of dairy, beverage, and ice cream products, announced that it has obtained the approval of the Qatar Financial Markets Authority (QFMA) to proceed with offering 40 percent of its share capital to institutional and individual investors, with the offer price to be determined through the book-building mechanism.

A statement issued by the company on the Qatar Stock Exchange (QSE) website on Sunday said the book-building process will be conducted under the Offering, Listing, Mergers and Acquisitions Rules issued by the Board of the QFMA pursuant to Decision No. (8) of 2025, as part of a package of measures aimed at attracting more companies and providing varied options for those seeking to offer and list in the capital market.

The offering comes as a continuation of the ongoing cooperation between the Qatar Financial Markets Authority and the QSE to develop the market’s legislative framework and expand the options available to companies seeking listing.

It is noted that the book-building mechanism is used in global markets and in many regional markets to determine the offer price of shares based on institutional investors who possess sufficient expertise, knowledge, and tools for fair pricing of securities.

The enterprise intends to carry out the offering in two phases: the first phase involves offering shares to institutional investors through the book-building mechanism, in accordance with the timeline approved by the QFMA, comprising (12,360,000) shares, representing 30 percent of the offer shares.

The second phase involves offering shares to the public, including Qatari individual investors and entities incorporated in the State of Qatar, based on the price determined through the book-building process, comprising (28,840,000) shares, representing 70 percent of the offer shares.

In addition, the firm added that the expected price per offer share (excluding offering and listing fees) will be determined through the book-building process within a range of QAR 5.00 to QAR 5.20 per share. (QNA)