Dandy Opens QAR 206.4 Million Share Offering Ahead of QSE Listing

Food and beverage manufacturer Dandy Limited is opening a public share offering ahead of an expected listing on the Qatar Stock Exchange Main Market.

The company has received regulatory approval to offer 40% of its share capital, comprising 41.2 million shares priced at QAR 5 each. Including offering and listing fees, subscribers will pay QAR 5.01 per share. The subscription period will run from October 7th to October 20th, 2026.

Of the shares on offer, 12.36 million, representing 30%, have been allocated to institutional investors. The remaining 28.84 million shares, or 70%, will be available to Qatari individual investors and entities incorporated in Qatar.

The QAR 5 offer price was determined through an oversubscribed bookbuilding process involving 19 institutional investors. The total offering amounts to approximately QAR 206.4 million, or $56.6 million including applicable fees.

Following completion of the offering, Dandy’s founding shareholder will retain a 60% stake in the company, subject to lock-up requirements under the Qatar Financial Markets Authority’s Offering and Listing Rules.

Dandy expects its shares to begin trading on the Qatar Stock Exchange Main Market following completion of the offering, with the final listing date yet to be confirmed.