Qatar’s Investment Holding Group will conduct an initial public offering (IPO) in January.

The company will list 49,800,000 shares, which represents 60 per cent of its capital, for direct public subscription by the Qatari citizens and the Qatari registered companies approved by the Qatar Financial Markets Authority (QFMA).

The IPO will start on 8 January and will continue until 22 January. The Commercial Bank of Qatar is handling the offering.

IHG obtained permission from the Minister of Economy and Commerce to convert into a public company on 12 December last year.

The company says its decision to list is in Qatar is line with its vision to continue contributing to the development of the local Qatari economy, and increasing its shareholder base.

IHG operates across various segments of the construction sector.