Al Qudra Holding plans to go public end of year

Al Qudra Holding (AQH) plans to set up an Initial Public Offering (IPO) by end 2007, it was revealed at a regular staff meeting last month.

Al Qudra Holding (AQH) plans to set up an Initial Public Offering (IPO) by end 2007, it was revealed at a regular staff meeting last month.

Eng. Salah Salem Bin Omeir Al Shamsi, chairman and managing director of Al Qudra Holding confirmed it saying: "The Company is diligently working towards listing a portion of its shares for public subscription. Preparations with the country's underwriting specialists are currently underway to ensure the smooth transition of Al Qudra Holding into a publicly listed company."

"The value of Al Qudra Holding's shares have significantly increased over the past two years as a result of record breaking achievements that have put the company in the spotlight both locally and abroad," he added.

Shamsi said that the Company's launch to international markets has come after a clear and strategic expansion plan aimed at achieving its objective to be the preferred strategic partner in Abu Dhabi and from Abu Dhabi.

AQH is a private joint stock investment company based in the United Arab Emirates.

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