Dandy Company Limited, a Qatari public joint stock company “under conversion”, specializing in the manufacture and distribution of dairy products, beverages and ice cream, announced that it has obtained the approval of the Qatar Financial Markets Authority to proceed with the offering of 40 percent of its capital to institutional and individual investors, provided that the offering price is determined through the price construction mechanism.
A statement issued by the company published on the Qatar Stock Exchange website today explained that the price construction process will take place in accordance with the system of offering, listing, acquisitions and mergers issued by the Board of Directors of the Qatar Financial Markets Authority pursuant to Resolution No. (8) of 2025, as part of a package of measures aimed at attracting more companies and providing various options for those wishing to offer and list on the financial market.
This offering is an embodiment of the ongoing cooperation between the Qatar Financial Markets Authority and the Qatar Stock Exchange in developing the market’s legislative framework and expanding the options available to companies wishing to list.
It is noteworthy that the price construction mechanism is used in global markets and many regional markets to determine the offering price for shares, based on institutional investors who have sufficient experience, knowledge, and mechanisms necessary for fair pricing of the security.
The company intends to implement the offering process in two phases. The first is to offer shares to institutional investors through the price construction mechanism, according to the timetable approved by the Qatar Financial Markets Authority, and includes “12,360,000” shares representing 30 percent of the offering shares. During the second phase, the shares will be offered for public subscription to Qatari individuals and companies established in the State of Qatar, based on the price determined through the price construction mechanism, and includes “28,840,000” shares representing 70 percent of the offering shares.
The company explained that it is expected that the price of the offered share, “excluding the offering and listing fees,” will be determined through the price construction process within a range between 5 riyals and 5.20 riyals per share.