Home / Knowledge / News / Textiles / Qatar Exchange to list Mesaieed Petrochemical on Feb 26
Qatar Exchange to list Mesaieed Petrochemical on Feb 26
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 Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson

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

Pranav Mishra

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search