Baladna

Accelerating Growth,
Strengthening Our Future

Baladna Q.P.S.C. ("Baladna" or the "Company") is pleased to announce the launch of its share capital increase, from QAR 2,143,984,962 to QAR 2,679,981,202, representing an increase of 25% by way of offering 535,996,240 new ordinary shares for subscription via a rights issue, offering our valued shareholders a unique opportunity to invest in the next phase of Baladna’s growth journey.

Together, we build the future of food security, from Qatar to the world.

View Prospectus
Overview Baladna

Overview of the Rights Issue

The Rights Issue represents a strategic step in strengthening Baladna’s capital base to support the next phase of its international expansion and long-term growth ambitions. The capital increase will enable the Company to advance large-scale integrated dairy projects, expand into high-growth markets, and further reinforce its vertically integrated farm-to-shelf model.

Baladna has built a resilient and profitable platform, delivered record financial performance and maintaining a strong operational foundation. This Rights Issue provides eligible shareholders with the opportunity to participate in the Company’s continued growth journey and maintain their proportional ownership.

Why Baladna?

Qatar’s largest dairy and beverage producer

Strong export and international expansion pipeline

Fully vertically integrated farm-to-shelf model

Record operational and financial performance

268+ SKUs and nationwide distribution network

Why Participate in Baladna's Growth Story?

The Rights Issue supports Baladna’s long-term growth ambitions and capital discipline.

Accelerating International Expansion
The Company intends to use the Rights Issue proceeds for international expansion, primarily targeting an integrated agri-food platform in Syria, subject to standard commercial and regulatory approvals.
Scaling a Proven Model
Baladna will replicate its successful farm-to-shelf model across new geographies to drive sustainable long-term growth.
Strengthening the Balance Sheet
The capital increase enhances financial flexibility and supports disciplined execution of growth initiatives.
Maintaining Shareholder Position
Eligible shareholders have the opportunity to subscribe in proportion to their existing holdings to maintain their ownership percentage.
Overview Baladna
Overview Baladna
Q1 2026

Key Financial highlights

Revenue

QAR 329.9M

EBITDA

QAR 118.9M

36.1% (YoY)

Net Profit

QAR 61.5M

6% (YoY)

Net Profit Margin

18.6%

Earnings Per Share

QAR 0.029

Q1 2026 performance was supported by seasonal demand and portfolio optimization across dairy and juice categories.

Baladna continues to deliver consistent profitability while progressing its international expansion roadmap.

Read Annual Report

Key terms

Record Date

Shareholders registered as of close of trading on 27 July 2026 will receive Subscription Rights.

Entitlement Ratio

1 new share for every 4 existing shares held (25% of shareholding).

Subscription Price

QAR 1.01 per new share.

Timeline

1

Rights Trading Period

28 July - 3 August 2026

Rights can be bought and sold on the Qatar Stock Exchange (QSE)

2

Subscription Period

Opens 4 August 2026
Closes 17 August 2026 at 1:00 PM (Doha time)

3

Allotment & Refunds

Following the subscription closing date.

4

Listing of New Shares

Following regulatory approval and final allotment.

How to subscribe

Confirm your eligibility (Record Date: 27 July 2026).

Check your Subscription Rights in your EDAA account.

Submit your subscription application before the Subscription Closing Date.

Pay the Subscription Price (QAR 1.01 per share).

Shares will be credited to your EDAA account after completion.

Baladna

Receiving banks

Qatar National Bank (QNB)
Qatar National Bank (QNB) Lead
Address: Head Office Corporate, Abdulla Bin Jasim Street, Doha Corniche, P.O. Box 1000, Doha, Qatar
Phone: +974 4440 7777
Email: cccsupport@qnb.com.qa
Al Rayan Bank
Al Rayan Bank
Address: Street 69, Alad Al Sharqi, Lusail, P.O. Box 28888, Doha, Qatar
Phone: +974 4425 3333
Email: info@alrayan.com
Commercial Bank
Commercial Bank
Address: Commercial Bank Plaza, Al Markhiyah Street, Al Dafna Area, P.O. Box 3232, Doha, Qatar
Phone: +974 4449 0000
Email: customercare@cbq.qa
Qatar Islamic Bank
Qatar Islamic Bank
Address: Commercial Bank Plaza, Al Markhiyah Street, Al Dafna Area, P.O. Box 3232, Doha, Qatar
Phone: +974 4449 0000
Email: customercare@cbq.qa
Doha Bank
Doha Bank
Address: Doha Bank Tower, West Bay Corniche, P.O. Box 3818, Doha, Qatar
Phone: +974 4445 6000
Email: hellodoha@dohabank.com.qa
Ahli Bank
Ahli Bank
Address: Ahli Bank Building No. 91, Suhaim Bin Hamad St. (St. 231), Zone 38, P.O. Box 2309, Doha, Qatar
Phone: +974 4420 5222
Email: info@ahlibank.com.qa

Shareholders may subscribe through QNB and participating receiving banks, subject to applicable procedures.

Contact Investor Relations

Frequently asked questions

    What is a Rights Issue?
    A capital increase where existing shareholders receive tradable Subscription Rights to buy newly issued shares at a fixed price.
    What are my options?
    You may:
    - Subscribe using your rights
    - Sell your rights during the Trading Period
    - Buy additional rights on QSE
    - Do nothing (rights expire)
    What happens if I do not subscribe?
    Unused rights will expire after the Subscription Period. Your ownership percentage may be diluted.
    Can I buy additional shares?
    Yes, by purchasing additional Subscription Rights on QSE during the Trading Period.
    When will I receive the new shares?
    New shares will be credited to your EDAA account after completion and allotment.

    Important documents

    Rights Issue Prospectus

    (QFMA Approved)

    Subscription Application Form

    The subscription form available on this website is provided for informational purposes only. Subscribers must obtain and submit the original subscription form through their bank. For further details and instructions, please refer to the Prospectus.

    Legal Disclaimer

    This webpage is for informational purposes only and does not constitute investment advice or an offer outside the State of Qatar. The Rights Issue is subject to regulatory approvals and the approved Prospectus. Shareholders should refer to the Prospectus for full details, risk factors, and terms.