Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - MPHC shares to be listed on February 26  Join our daily free Newsletter

MENAFN - The Peninsula - 19/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Qatar Exchange (QE) will list the Mesaieed Petrochemical Holding Company (MPHC) on Wednesday, February 26. The decision to list MPHC on QE resulted after the company has obtained the approval from the Qatar Financial Markets' Authority (QFMA) and fulfilled and complied with all necessary listing requirements, the bourse announced here yesterday.



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 ticker symbol MPHC. As usual, price flotation 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 percent up/down as the case for all other listed companies



On first day of trading, the standard procedures of IPOs will apply. Brokerage companies will be permitted to enter any buy/sell orders for MPHC shares in the pre-open session at 8.30am for the listing morning day only. The pre-opening session for all other listed companies will remain as business usual at 9am



An official source at the Qatar Central Securities Depository said that the MPHC current shareholders' data (approximately 199,000 shareholders) has been registered in the shareholders accounts at the QCSD which has provided the brokerage firms with special systems allowing them to know the shareholders numbers (NIN) and the number of shares allocated to them in order to facilitate trading process



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 MPHC's decision to go for a QR3.23bn initial public offering was announced by H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry and H E Ali Sherif Al Emadi, Minister of Finance in December 2013. The IPO was open to all Qatari nationals and certain selected Qatari institutions. The subscription period was open from December 31, 2013 until January 21, 2014.



MPHC's authorised and issued capital amounts to QR12bn which 100 percent is 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


 


The Peninsula




  MENA News Headlines
 May 5 2015 - Italy- Expo Milano '15 Has Significant Importance, Says Sheikh SalmanArab Times
(MENAFN - Arab Times) Kuwait's Minister of Information Sheikh Salman Al-Sabah said Friday the big official and popular attendance of the inauguration of Expo Milano 2015 sent a message to the world ...

 May 5 2015 - Kuwait- Interior Receives GCC 'Wanted' ListArab Times
(MENAFN - Arab Times) Kuwait's Ministry of Interior has received from its counterparts in other GCC countries, lists with names of wanted criminals and members of terrorist and extremist groups, ...

 May 5 2015 - CRA vows crackdown on spam text messagesGulf Times
(MENAFN - Gulf Times) The Communications Regulatory Authority (CRA) is drafting a code of conduct to ensure that senders of marketing and advertising messages through mobile phones comply with legal, ...

 May 5 2015 - QTA unveils Summer Festival at Arabian Travel MarketGulf Times
(MENAFN - Gulf Times) The Qatar Tourism Authority (QTA) unveiled its plans for the 2015 Qatar Summer Festival at the 22nd edition of the Arabian Travel Market in Dubai. The 2015 Qatar Summer Festival ...

 May 5 2015 - Kuwait- Lawyers Board Dashti 'National Security' CaseThe Peninsula
(MENAFN - The Peninsula) A total of 17 lawyers from around the world and seven of their Kuwaiti counterparts have taken the national security case filed by the Ministry of Foreign Affairs against MP ...

 May 5 2015 - Alfardan Group donates QR300,000 to QRCGulf Times
(MENAFN - Gulf Times) Alfardan Group has announced a donation of QR300,000 to the Qatar Red Crescent (QRC) to help people of Yemen. Wael Jamal, head of corporate HR at Alfardan Group, handed over the ...

 May 5 2015 - Kuwait- 60 Days Grace For 'Code-70' Workers To Rectify PositionThe Peninsula
(MENAFN - The Peninsula) Minister of Social Affairs and Labor, Planning and Development Hind Al-Sabeeh disclosed the Public Authority for Manpower, in coordination with the Ministry of Interior will ...

 May 5 2015 - Qatar Airways set to add US routesGulf Times
(MENAFN - Gulf Times) Qatar Airways has announced the next phase of its US route development with the introduction of three passenger routes to Los Angeles, Boston and Atlanta.With these new ...

 May 5 2015 - Kuwait- Some Win Waiver From KD 250 Bank GuaranteeThe Peninsula
(MENAFN - The Peninsula) Director General of the Public Authority for Manpower Jamal Al-Dousari announced that waiver has been given to all unions in the agricultural sector, livestock breeding and ...

 May 5 2015 - UAE- Flight From Kuwait Diverted On 'Threat'The Peninsula
(MENAFN - The Peninsula) An Air Arabia airliner flying from Kuwait to the United Arab Emirates was diverted to a UAE military airbase on Sunday after a passenger warned the plane was about to ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help