DOHA, Qatar: Qatar Petroleum announces that it has set 31 December 2018 as the distribution date of Mesaieed Petrochemical Holding Company (MPHC) free incentive shares to investors. This comes in implementation of Qatar Petroleum’s announcement at the time of the MPHC IPO in December 2013.
The free shares will be awarded at the end of trading day in Qatar Stock Exchange to qualified investors who meet the distribution conditions, and will constitute 50% of the allotted shares at the time of the Initial Public Offering and according to the IPO prospectus. The second set of free incentive shares will be distributed investors on 31 December 2023.
The distribution of the free shares comes as part of Qatar Petroleum’s efforts to strengthen the foundations of investment and the long-term savings culture for Qatari citizens. In doing so, it has committed to giving every Qatari individual investor one free share for every allotted share conditional to keeping at least 50% of the allotted shares until the date of free shares distribution.
The free incentive shares are ordinary shares that have equal rights with capital shares. They will be allotted from Qatar Petroleum’s share, and will not entail any change in the company’s capital structure.
For more information, please visit the company’s website www.mphc.com.qa
About Qatar Petroleum
Qatar Petroleum is an integrated national oil corporation responsible for the sustainable development of the oil and gas industry in the State of Qatar and beyond.
Qatar Petroleum’s activities encompass the entire spectrum of the oil and gas value chain locally, regionally, and internationally, and include the exploration, production, processing, marketing and sales of oil and gas, liquefied natural gas (LNG), natural gas liquids (NGL), gas to liquids (GTL) products, refined products, petrochemicals, fertilizers, steel and aluminum.
Qatar Petroleum is committed to contribute to a better future by meeting today’s economic needs, while safeguarding our environment and resources for generations to come. Thriving on innovation and excellence, Qatar Petroleum is bound to the highest levels of sustainable human, socio-economic, and environmental development.
For more information, please visit www.qp.com.qa
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