QIB Launches Digital Subscription for Baladna Rights Issue via Mobile App

Quick Summary

Qatar Islamic Bank (QIB) is facilitating the Baladna Rights Issue by allowing eligible shareholders to subscribe digitally via the QIB Mobile App. From August 4 to August 17, 2026, investors can exercise their rights at a subscription price of QAR 1.01 per share through a seamless, paperless process.

How Can Investors Participate in the Baladna Rights Issue?

Qatar Islamic Bank serves as the primary receiving bank, offering a digital-first subscription path for both individual and corporate investors. To participate, users must hold valid subscription rights in their investor accounts by the close of trading on August 3, 2026. The QIB Mobile App enables a paperless experience where users can:

• Log in and navigate to the "Rights Issue" service under the "More" menu.
• Review their current share entitlement and eligibility status instantly.
• Submit applications for themselves or minors under guardianship directly.

What are the Key Deadlines and Pricing for Shareholders?

The subscription window opens on August 4, 2026, and closes strictly at 1:00 PM Doha time on August 17, 2026. Each right grants the holder the ability to purchase one new share in Baladna Q.P.S.C. at a fixed price of QAR 1.01. Investors must ensure their EDAA investor accounts are fully updated and that sufficient liquid funds are available in their QIB accounts before attempting the transaction. Failure to meet the August 17 deadline will result in the lapse of these rights.

Where Can Corporate and Offline Customers Get Support?

While digital subscription is encouraged, QIB provides physical infrastructure for complex cases. Corporate banking clients must visit the QIB Corporate Branch to submit authorized-signatory documents and formal applications. For individual customers requiring manual assistance, QIB has designated three specific support branches:

• Old Airport Road Branch
• Al Rayyan Branch
• QMall Branch

These locations will handle manual application processing during standard operational hours throughout the two-week subscription period.

FF NEWS TAKE:

QIB’s integration of the Baladna Rights Issue into its mobile app moves the needle by digitizing what is traditionally a friction-heavy capital markets process. By removing the need for physical branch visits for retail investors, QIB is reinforcing its position as a digital banking leader in Qatar. This move not only improves shareholder participation rates but also sets a high standard for how Middle Eastern banks should handle equity capital market events in a mobile-first economy.