QLM Life and Medical Insurance Company IPO Subscription

Customers can subscribe for IPO through Doha Bank Online and Mobile Banking Applications.
For IPO financing, customer can visit any of the Doha Bank Branches.
IPO will commence on 10^th December 2020 and will end on 23^rd December 2020.
Cut-off date for IPO Financing submission at branches will end on 21^st December 2020.

The number of shares offered – 157,500,000 ordinary shares.
The shares are offered at QR 3.15 per share.
The shares will be offered to individual Qatari citizens and Corporate institutions.
The minimum shares per subscription is 500 shares.
The maximum shares per subscription is 17,500,000 shares.
The share subscription multiple is 100 shares.
IPO will start on 10^th December 2020 and finish at the end of the business day on 23^rd December 2020.
One subscription application will only be accepted per individual.
No allocation will be made for the fraction of share.

Maximum loan amount per ID – 65% of the total shares value.
Minimum number of shares to be financed – 5,000 shares per Customer ID.
Loan Interest rate of QCB + 1.5%.
No interest shall be charged on the amounts owed by the borrower to the bank up to the date of allotment of shares and refunding of the redundant subscription amounts.
Maximum Loan tenor – 6 months.
Management Fee / Commission – Contact branches for more information.

Loan will be granted for Qatari nationals for the subscription in the name of applicant & his / her first-degree family i.e. Father, Mother, spouse & children only.
Repayment source of the loan will be through proceeds of share sale.
Loan will be granted against security of the shares.
Commission amount will be included with the loan amount.
Principal + interest amount shall be payable through a balloon repayment at the end of tenor.
Loan can be closed at any time during the loan tenure & customer will not be charged with additional pre-closure charges except the accrued interest till the date of pre-closure settlement.
Customer should settle the loan upon listing within the maximum tenor defined.
Customers who have not settled loans within the six months will be transferred to past due and collection process should be started.