Qatari dairy company Baladna is said to be planning an initial public share offering in the first half of this year.

Baladna has built a dairy farm in the desert located at Umm al-Hawaya, north of Doha, after Saudi Arabia, the UAE, Egypt and Bahrain cut diplomatic ties in June. The company imported cattle from Europe and the US for the project to produce milk and milk products. 

“In partnership with a group of businessmen and local citizens, Baladna plans to launch its IPO in the first half of 2018,” Reuters reported the company as saying in a statement on Sunday (14 January).

While the size of the planned IPO was not provided, Reuters quoted a source as saying it could be in the region of QAR2bn (US$549.4m), stressing that a final figure had not been fixed.

The company plans to start production of fresh juice and animal feed in May, Reuters said, adding Baladna is also seeking to construct chicken farms producing meat and eggs. Building work is due to begin this month and be completed around the middle of 2019. Once the facilities are up and running, the plants will be capable of producing 42m of broiler chickens and 200m eggs annually.
Baladna, which is owned by Qatari businessman Moutaz Ramez Al-Khayyat, also plans to convert all waste on its farms to organic fertiliser to meet market demand.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.