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Qatar's Mesaieed to announces USD880 m next January  Join our daily free Newsletter

MENAFN - 23/12/2013

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(MENAFN) Mesaieed Petrochemical Holding Co, a unit of state-owned energy giant Qatar Petroleum, has announced its plan of conducting USD880 million initial public offering of its shares in the beginning of 2014, according to Arabian Business.

For political reasons, Qatar's government, in addition to its goal of developing the country, it also aims to use IPOs to spread more of its energy wealth among its citizens.

Energy and Industry Minister Mohammed Saleh al-Sada said: "We encourage citizens to take part in this investment and also to await other opportunities in the pipeline."

 






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