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
 Mar 4 2015 - FAO: Somalia Top Priority in Funding AppealSaudi Press Agency
(MENAFN - Saudi Press Agency) The U.N. Food and Agriculture Organization (FAO) said Tuesday that it has launched an emergency appeal for $697 million to help 30 million people in 31 crisis-hit ...

 Mar 4 2015 - Crown Prince Muqrin Meets with President of the Republic of KoreaSaudi Press Agency
(MENAFN - Saudi Press Agency) Crown Prince Muqrin bin Abdulaziz Al Saud, Deputy Premier, met with President Park Geun-hye of the Republic of Korea at her residence here today evening.During the ...

 Mar 4 2015 - Fludubai net profit surges 12.3 percent in 2014MENAFN
(MENAFN) Low-cost carrier flydubai announced posting an increase of 12.3 percent in its 2014 net profit as the Dubai-based airline expanded its network further, Gulf Daily News reported.The carrier ...

 Mar 4 2015 - Moroccan Prime Minister Meets with Turkish Deputy Prime MinisterSaudi Press Agency
(MENAFN - Saudi Press Agency) Morocco's Prime Minister Abdelillah Benkirane met here today with Turkey's Deputy Prime Minister Numan Kurtulmus.During the meting, they discussed issues of common ...

 Mar 4 2015 - UAE Foreign Minister Meets with Oman's Minister Responsible for Foreign AffairsSaudi Press Agency
(MENAFN - Saudi Press Agency) UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan met here today with Oman's Minister Responsible for Foreign Affairs Yusuf bin Alawi bin Abdullah.During the ...

 Mar 4 2015 - South African Firefighters Battle Wildfire for a Third DaySaudi Press Agency
(MENAFN - Saudi Press Agency) A wildfire burned for a third day around Cape Town's Table Mountain on Tuesday, injuring a firefighter as it caused an explosion at a lodge, an emergency services ...

 Mar 4 2015 - Crown Prince of Abu Dhabi Receives Luxembourg's Crown PrinceSaudi Press Agency
(MENAFN - Saudi Press Agency) Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of UAE, met here today with Crown Prince Guillaume of ...

 Mar 4 2015 - Yemeni President Receives British Ambassador in AdenSaudi Press Agency
(MENAFN - Saudi Press Agency) Yemeni President Abd Rabbuh Mansur Hadi received here today the newly appointed British Ambassador to Yemen, Edmund Fitton.During the meeting, they discussed development ...

 Mar 4 2015 - Palestinian President Meets with UN OfficialSaudi Press Agency
(MENAFN - Saudi Press Agency) Palestinian President Mahmoud Abbas met here today with Envoy of the United Nations Secretary General Ambassador Ahmad Handawi.During the meeting, they discussed issues ...

 Mar 4 2015 - QIB-UK opens its new HQ in LondonGulf Times
(MENAFN - Gulf Times) Qatar Islamic Bank (QIB) has opened the new headquarters in London for its subsidiary QIB-UK, whose focus is on supporting the investment and trade flows between the two ...

more...


 






Google

 
 

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