Mall of Qatar Developer UCC Said to Consider $1 Billion Doha IPO
- UCC may list in the fourth quarter of this year or early 2017
- IPO would be the second Qatari listing in five years
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UrbaCon Trading & Contracting Co., the construction firm building the Mall of Qatar, is considering an initial public offering in Doha that may raise about $1 billion, people familiar with the matter said.
UCC, as the Qatari company is also known, has spoken to advisers about managing an IPO, which could occur by the fourth quarter of this year or early 2017, the people said, asking not to be identified as the deliberations are private. The process is at an early stage, and the value may change or UCC may decide against selling shares to the public, they said.