Qatar's dairy firm Baladna to raise around $392m in IPO

Qatar's dairy firm Baladna to raise around $392m in IPO

FILE PHOTO: Baladna dairy factory is seen at Baladna farm in the city of Al-Khor, north of Doha, Qatar May 21, 2019. REUTERS/Naseem Zeitoon

Qatari company Baladna, which has built a dairy business in the desert following a trade embargo by Saudi Arabia and its allies, will launch an initial public offering this month that could raise 1.426 billion riyals ($392 million).