Qatar Petroleum has selected two banks to help arrange an initial public offer of shares in one of its units, an issue which could be worth around 3.2 billion riyals (US$880 million), as per sources in Reuters. Mesaieed Petrochemical Holding Co may conduct the IPO on the Qatar stock exchange before the end of this year, subject to necessary approvals being granted, one of the sources said, speaking on condition of anonymity as the information isn't public. It would be Qatar's first IPO in three years. Qatar National Bank QNBK.QA has been chosen to manage the offer while Deutsche Bank will act as financial adviser. Qatar Petroleum declined to comment. The sale of shares in the IPO will be restricted to Qatari nationals, although foreign investors will be allowed to buy a certain percentage of the firm once it has been listed, the second banking source said.
24-Sep-13 
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