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
 May 24 2016 - Dubai Courts reveals 2015s results & achievements in Annual ReportMENAFN Press
(MENAFN Press) UAE May 23, 2016– Dubai Courts has launched today (Monday, May 23, 2016) its Annual Report 2015, reflecting a significant improvement in the performance of the three courts; ...

 May 24 2016 - GCC countries need structural economic reform to retain prosperityMENAFN Press
(MENAFN Press) GCC countries must create a new economic paradigm to successfully end reliance on oil, according to accountancy and finance body ICAEW. This was the outcome of ICAEW’s ...

 May 24 2016 - Arabnet Partners with Smart Dubai to Highlight Smart Economy and Digital Business TransformationMENAFN Press
(MENAFN Press) UAE, May 23, 2016 - For the second year in a row, Smart Dubai Office is partnering with the ArabNet Digital Summit to highlight digital transformation in the public and private ...

 May 24 2016 - Al Ansari Exchange pledges AED 50 million donation to various charities in commemoration of its Golden JubileeMENAFN Press
(MENAFN Press) UAE, May 23, 2016–Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, commemorates the 50thAnniversary of its establishment. To mark the ...

 May 24 2016 - Help Pick a Festival Winner and Get Insight from 5-time Emmy Winner at New Media Film FestivalMENAFN Press
(MENAFN Press) Help Pick a Festival Winner and Get Insight from 5-time Emmy Winner at New Media Film Festival Honoring Stories Worth Telling Paul Wagner - Digital Keynote Speaker Ana Kasparian ...

 May 24 2016 - Global Heparin Cap Consumption 2016 Market Research ReportMENAFN Press
(MENAFN Press) Global Heparin Cap Consumption 2016 Market Research Report The Global Heparin Cap Consumption 2016 Market Research Report is a professional and in-depth study on the current state ...

 May 24 2016 - Global Hold The Needle Detector Consumption Analysis by Capacity, Production, Cost, Gross & RevenueMENAFN Press
(MENAFN Press) Global Hold The Needle Detector Consumption Analysis by Capacity, Production, Cost, Gross & Revenue The Global Hold The Needle Detector Consumption 2016 Market Research Report is ...

 May 24 2016 - Stealing towels from hotelsMENAFN Press
(MENAFN Press) Stealing towels from hotels Hotels are using trackers for stealing towels NORTHBROOK, ILLINOIS, USA, May 24, 2016 /EINPresswire.com/ -- In the luxury stay at hotels, the ...

 May 24 2016 - Insulin Needles Consumption 2016 Global Market Research ReportMENAFN Press
(MENAFN Press) Insulin Needles Consumption 2016 Global Market Research Report The Global Insulin Needles Consumption 2016 Market Research Report is a professional and in-depth study on the current ...

 May 24 2016 - Global Insulin Pen Consumption 2016 Market Research ReportMENAFN Press
(MENAFN Press) Global Insulin Pen Consumption 2016 Market Research Report The Global Insulin Pen Consumption 2016 Market Research Report is a professional and in-depth study on the current state of ...

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