Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

MPHC Declares Net Profit of QR 0.6 Billion  Join our daily free Newsletter

MENAFN - Qatar News Agency - 17/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Mesaieed Petrochemical Holding Company (MPHC) announced its financial results for the four-month period ended December 31, 2013 with a net profit of QR 0.6 billion. In comments issued after the group's first Board of Directors meeting for 2014, HE Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry, MPHC Chairman, stated, "At the outset, and on behalf of the Board of Directors, I would like to thank HH the Emir Sheikh Tamim Bin Hamad Al-Thani, for his generosity and support both before and throughout the IPO of Mesaieed Petrochemical Holding Company. It is due to His Highness' support that we are able to announce these first published results of Mesaieed Petrochemical Holding Company, and declare a dividend. "MPHC registered a net profit of QR 0.6 billion for the four-month period ended December 31, 2013, and the Boar of Directors proposed a cash dividend of QR 0.4 billion, or QR 0.35 per share. This proposed dividend is equivalent to 72.1% of net profit. And, in line with the continuous support and directions from HH the Emir Sheikh Tamim Bin Hamad Al-Thani, it was recommended that the shareholders as of the close of trading on the last trading day before the group's first post-IPO annual general assembly meeting will be entitled to receive a dividend relating to the four-month period ended December 31, 2013 despite the fact that MPHC was only listed on February 26, 2014." HE Dr. Al-Sada, said, "The close of this first financial period marks the beginning of a new era for MPHC and the State of Qatar. The Board of Directors and senior management look forward to the future with confidence in the sound competitive advantages of the group and strong government suppor

 


Qatar News Agency




  MENA News Headlines
 Aug 31 2016 - Saudi exports 1.89b barrels of oil at SR279bnMENAFN
(MENAFN) Saudi Arabia exported almost 1.89bn barrels of crude oil in the Jan-August period of this year with an amount of SR279bn, a fall of 27 percent.Moreover, local consumption amid the same ...

 Aug 31 2016 - Egypt-IDA offers EGP4.4b to work on 37 industrial zonesMENAFN
(MENAFN) The Industrial Development Authority (IDA) proclaimed that the total number of industrial zones in Egypt reached 129, of which 77 zones are linked with their governorates.Accordingly, ...

 Aug 31 2016 - Global Mining Explosive Market 2016 Share, Trend, Segmentation and Forecast to 2021MENAFN Press
(MENAFN Press) Global Mining Explosive Market 2016 Share, Trend, Segmentation and Forecast to 2021 Mining Explosive -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to ...

 Aug 31 2016 - Fullington Trailways converts to Betterez for EXPRESS bus serviceMENAFN Press
(MENAFN Press) Fullington Trailways converts to Betterez for EXPRESS bus service Fullington Trailways live with the Betterez Motorcoach product, improving customer experience and driving ...

 Aug 31 2016 - Louisiana Coalition Against Racism and Nazism To Combat David DukeMENAFN Press
(MENAFN Press) Louisiana Coalition Against Racism and Nazism To Combat David Duke Former KKK Grand Wizard and Neo-Nazi Faces Formidable Enemy NEW ORLEANS, LA, USA, August 30, 2016 ...

 Aug 31 2016 - Bizco Technologies Adds to Marketing TeamMENAFN Press
(MENAFN Press) Bizco Technologies Adds to Marketing Team Bizco Technologies is proud to announce the addition of Nikki Ellis as Online Marketing Coordinator. LINCOLN, NEBRASKA, UNITED STATES OF ...

 Aug 31 2016 - JAIL GUITAR DOORS Returns to 'ROCK OUT 3!' at the Ford Theatres On Friday, September 9, 2016.MENAFN Press
(MENAFN Press) JAIL GUITAR DOORS Returns to ''ROCK OUT 3!'' at the Ford Theatres On Friday, September 9, 2016. ROCK OUT 2! Featuring Wayne Kramer, Marshall Crenshaw, Jill Sobule, Keith Morris, Don ...

 Aug 31 2016 - LIVETOUR LOOKS FOR APPOINTING RESELLERS AND LAUNCHING MARKETPLACE FOR TRAVEL AGENTSMENAFN Press
(MENAFN Press) LIVETOUR LOOKS FOR APPOINTING RESELLERS AND LAUNCHING MARKETPLACE FOR TRAVEL AGENTS After Livetour new version release, many brands started using it, and based on existing users ...

 Aug 31 2016 - Dubai Desert Safari Team now offering Hatta Mountain SafariMENAFN Press
(MENAFN Press) Those of you who are looking to experience a much more natural and wilder side of Dubai, Hatta Tour is that perfect natural outing for you. Unlike most of the desert safari tours, ...

 Aug 31 2016 - Software AG Applies Digital Business Platform to Operationalize BlockchainMENAFN Press
(MENAFN Press) Dubai, United Arab Emirates, August 30th 2016 - Software AG (Frankfurt TecDAX: SOW) today announced the availability of next generation Digital Business Platform capabilities that ...

more...


 





Google

Easy Forex
 
 

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