By Tamara Walid, Bloomberg
QInvest, the investment bank that’s 49 percent owned by Qatar Islamic Bank, is working to conclude two “reasonable size” mandates for initial public offerings by local companies this year, its chief executive officer said.
“We are looking to conclude one transaction in the second- quarter of 2011, and the other in the second half,” Shahzad Shahbaz said in a telephone interview today. The size of the IPOs is yet to be determined, he said.