Doha Bank launches zero per cent IPO loan

Doha Bank launches zero per cent IPO loan
Published: 28 March 2006

Doha Bank has launched the Zero per cent IPO loan for the forthcoming Gulf Cement Company’s maiden public issue. The IPO loan is available to Qatari nationals applying for the Gulf Cement Company’s IPO. The Bank is financing maximum two-third of the IPO subscription amount. The Bank will not charge any interest for the initial period of two months by which the entire share allotment and refund process will be completed. In the event the loan continues to exist after two months period, Bank will charge interest only from the third month onwards.