Qatari bottled water firm Rayyan to list by end-2016

Qatar's largest local supplier of bottled water, Rayyan Water, plans a stock market flotation by the end of 2016, helping to diversify a bourse dominated by banks, real estate and insurance firms. It would be only the third new listing in Qatar since 2010, following the initial public offering of Mesaieed Petrochemicals in 2014 and the listing of Qatar First Bank last month.
Rayyan would aim to list half of its shares in the initial public offering. "We are having to redo some paper work ... but we are targeting the end of the year," Khalifa Khalid al-Rabban told Reuters in a telephone interview on Thursday. He is deputy chairman of Al Rabban Holding, which owns 100 percent of Rayyan.