Doha: Qatar Central Securities Depository (Edaa) has announced that the trading period for Baladna Rights will end on Monday, August 3, 2026. In an investor notice published on its X account, the company outlined the subsequent steps for the subscription period.
According to Qatar News Agency, the subscription period will commence on Tuesday, August 4, 2026, and will continue for 10 working days, concluding on Monday, August 17, 2026. Edaa specified that only investors holding Baladna Rights at the end of the trading period on August 3, 2026, will be eligible to subscribe.
Edaa has urged investors to update their information in preparation for the subscription period. The company emphasized the importance of adding their bank account number (IBAN) with Edaa before the subscription period begins to ensure the process is completed smoothly and swiftly.
The Company's Extraordinary General Assembly, which convened on July 22, 2026, approved a 25 percent increase in the Company's paid-up share capital. This increase will be achieved through the issuance of new ordinary shares by way of a rights issue, with priority given to eligible shareholders registered in the shareholders' register maintained by Edaa at the close of trading on July 27, 2026, as well as holders of Subscription Rights.
The company's paid-up capital is projected to increase from QAR 2.144 billion to about QAR 2.680 billion if all offered shares are subscribed. This will be accomplished through the issuance of 535.996 million new ordinary shares with pre-emptive rights for existing shareholders.