Mekdam Holding: Subscription Rate Exceeds 97.85 Percent

Doha, August 07 (QNA) - Mekdam Holding Group (Mekdam) - a Qatari public shareholding company, completed the subscription period, which extended from July 25 to today. The subscription rate exceeded 97.85 percent of the shares offered for subscription. In a statement issued on Monday on Qatar Stock Exchange's (QSE) website, Mekdam Holding explained that it shall take the necessary procedures to complete the subscription process of unsubscribed shares in accordance with the mechanism approved by the Qatar Financial Markets Authority (QFMA) and as per the authority provided to the Board of Directors by the Extraordinary General Assembly (EGM) on 11 June 2023. (QNA)