Home / Knowledge / News / Textiles / Qatar Exchange to list Mesaieed Petrochemical on Feb 26
Qatar Exchange to list Mesaieed Petrochemical on Feb 26
20
Feb '14
Qatar Exchange (QE) will list Mesaieed Petrochemical Holding Company (MPHC) on Wednesday, February 26, 2014, according to a statement.
 
The decision to list MPHC on QE resulted after the company obtained the approval from the Qatar Financial Markets’ Authority (QFMA) and fulfilled and complied with all necessary listing requirements, the QE statement said.
 
With the listing of MPHC, the number of listed companies on QE will increase to 43.
 
QE stated that listing of MPHC will be in the Industrial Sector with a symbol MPHC. As usual, price floatation for MPHC will be permitted only for the first day of listing. However, price fluctuation on the second day and thereafter will be permitted by 10% up/down as the case for all other listed companies.
 
The MHPC currently has approximately 199,000 shareholders and their data has been registered in the shareholders accounts at the Qatar Central Securities Depository.
 
The data will become available at the brokerage firms effective Sunday, February 23, 2014, so investors will be able to submit their buy/sell orders directly to the brokers as of that date, the statement said.
 
Mesaieed Petrochemical Holding Company was established on May 29, 2013.  The company’s authorized and issued capital amounts to QR 12 billion which is 100% paid up. MPHC’s business activities include among others, to establish, manage, own, and/or hold shares, assets and interests in companies (and their subsidiaries and/or associated undertakings) engaged in all manner of processing and/or manufacturing of petrochemical products.
 
MPHC is a 100 percent subsidiary of Qatar Petroleum (QP) and was created to combine QP’s interests in three established and profitable companies: Qatar Chemical Company Ltd. (Q-Chem or Q-Chem I), Qatar Chemical Company II Ltd. (Q-Chem II), and Qatar Vinyl Company Limited (QVC).
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X