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 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Textiles | On 23rd Jan 2017

MagnaColours develops new sustainability standard

MagnaColours, manufacturer of printing inks and ink bases, discharge...

Courtesy: ZDHC

Textiles | On 23rd Jan 2017

ZDHC adds six new contributors for sustainability

Zero Discharge of Hazardous Chemicals (ZDHC) programme has added six...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search