Qatar Petroleum (QP), the state-owned petroleum company of the country, is planning to raise 3.2 billion Qatari riyals (approx. US$ 880 million) through an initial public offering (IPO), of the shares of Mesaieed Petrochemical Holding Co. (MPHC)., in the local market.
Qatar Petroleum (QP), the state-owned petroleum company of the country, is planning to raise 3.2 billion Qatari riyals (approx. US$ 880 million) throu#
According to the Ministry of Energy and Industry of Qatar, Mohamed bin Saleh Al Sada, the Minister of Energy and Industry and chairman of QP, and Ali Sharif Al Emadi, the Minister of Finance, announced at a press conference, the IPO of MPHC will be offered at Qatari riyals 10.2 per share (US$2.75) only to Qatari citizens, till January 21, 2014.
Qatar Petroleum (QP), the state-owned petroleum company of the country, is planning to raise 3.2 billion Qatari riyals (approx. US$ 880 million) throu#
The decision to offer part of MPHC’s shares to Qatari nationals was taken by QP based on the success of the three companies operating under the petrochemical unit, as well as the stability of their rates of profitability and their ability to distribute profits.
Qatar Petroleum (QP), the state-owned petroleum company of the country, is planning to raise 3.2 billion Qatari riyals (approx. US$ 880 million) throu#
The IPO would be offered to Qatari nationals till January 21st and the shares are expected to be traded in the Qatari Exchange by February 2014, according to the Ministry.
Qatar Petroleum (QP), the state-owned petroleum company of the country, is planning to raise 3.2 billion Qatari riyals (approx. US$ 880 million) throu#
Mr. Mohamed bin Saleh Al Sada said the at the press conference that MPHC is the umbrella of three of the most successful petrochemical companies in the country QChem 1, QChem 2 and Qatar Vinyl Company Ltd.
Qatar Petroleum (QP), the state-owned petroleum company of the country, is planning to raise 3.2 billion Qatari riyals (approx. US$ 880 million) throu#
The MPHC owns 49 percent of QChem1 and QChem2, and about 55 percent of Qatar Vinyl Company, he added.
Qatar Petroleum (QP), the state-owned petroleum company of the country, is planning to raise 3.2 billion Qatari riyals (approx. US$ 880 million) throu#
Mr. Al Sada said that MPHC’s total assets in the three companies have realized revenues that totaled over 4 billion Qatari riyals (US$ 1.10 billion) in 2012.
Qatar Petroleum (QP), the state-owned petroleum company of the country, is planning to raise 3.2 billion Qatari riyals (approx. US$ 880 million) throu#
According to the Minister, the company’s objective behind the IPO is to increase value of shareholders investments through increasing competitiveness, especially due to the strong industrial base of the three units operating under the firm.
Qatar Petroleum (QP), the state-owned petroleum company of the country, is planning to raise 3.2 billion Qatari riyals (approx. US$ 880 million) throu#
The QP-owned firm holds stakes in ventures that manufacture polyethylene, caustic soda and other chemical products. Its partners in the ventures include US-based Chevron Phillips Chemical Company.
Qatar Petroleum (QP), the state-owned petroleum company of the country, is planning to raise 3.2 billion Qatari riyals (approx. US$ 880 million) throu#
The IPO of MPHC is the largest offering in Qatar’s stock market since 2010, and according to the Ministry of Energy and Industry, the Qatar stock market would witness IPOs worth US$13.73 billion over the next 10 years.
Qatar Petroleum (QP), the state-owned petroleum company of the country, is planning to raise 3.2 billion Qatari riyals (approx. US$ 880 million) throu#
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