Qatar Telecom Share Sale Stirs Hope for Equity Market Revival

A sizable follow-on equity offering in Qatar, one of the Middle East’s quietest markets for share sales, is stirring tentative hopes for a pickup in activity on Doha’s bourse.

The Abu Dhabi Investment Authority raised $552 million last week by selling a 5% stake in Ooredoo QPSC, Qatar’s biggest telecom operator, through a fully-marketed secondary offering — the country’s first of its kind.