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Baladna Q.P.S.C. said in a statement published on the Qatar Stock Exchange that the subscription period for its rights issue of 535,996,240 new ordinary shares at QAR 1.01 each closed on August 17, 2026. The Qatar Financial Markets Authority approved both the subscription results and the listing of the new shares, according to the company. Subscribed shares totaled 415,488,835, representing 77.5 percent of the offering, while unsubscribed shares stood at 120,507,405 or 22.5 percent.
The company noted that subscribed shares will be registered directly in subscribers’ accounts with Edaa, Qatar’s central securities depository. Unsubscribed shares will be addressed according to applicable regulations and the resolution passed by the Extraordinary General Assembly on July 22, 2026. A separate announcement will disclose the timing for listing and the start of trading in the new shares.
Baladna had secured shareholder approval on July 22, 2026, to raise its paid-up capital from QAR 2.14 billion to QAR 2.68 billion through the 25 percent rights issue, a company filing showed. Eligible shareholders registered as of July 27, 2026, received rights on a one-for-four basis, with a trading period for those rights running from July 28 to August 3. The structure allowed existing investors to maintain their ownership stakes while providing the firm with fresh capital.
A July 30 company report indicated that net proceeds from the rights issue are intended to finance potential dairy and agricultural businesses across the region as part of Baladna’s medium- to long-term growth initiatives. The capital increase was designed to strengthen the balance sheet and improve financial flexibility for international expansion, according to the same document. This step aligns with the company’s vision of advancing food security through sustainable large-scale platforms.
Baladna released its financial results for the first half of 2026 on July 29, reporting revenue of QAR 659 million along with net profit of QAR 362 million and EBITDA of QAR 478 million. The figures reflected gains from higher dairy sales under government supply contracts, improved product mix and operational efficiencies that expanded margins, the company stated. Such performance provides a foundation for the expansion plans supported by the rights issue proceeds.
Incorporated as a public shareholding company in 2019, Baladna operates through its subsidiary as Qatar’s largest dairy and beverage producer, supplying more than 85 percent of the nation’s fresh milk from a farm with over 24,000 Holstein cows, according to company information. The group manufactures milk, yogurt, juices, cheeses, meats and related items while pursuing agricultural investments at home and abroad. Its shares have been listed on the Qatar Stock Exchange since the firm’s public offering.
