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MENAFN - Qatar News Agency - 27/03/2014
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(MENAFN - Qatar News Agency) Mesaieed Petrochemical Holding Company (Qatar Exchange: MPHC) has signed an agreement with Commercial Bank (CBQ) to distribute its dividends to shareholders for the years 2013 to 2016.



The agreement was signed at an event held at the Commercial Bank Plaza in Doha, MPHC said in a media statement Wednesda



MPHC Chief Co-ordinator Khalid Al Subaey said, "MPHC has an obligation to its shareholders to distribute dividends efficientl



The distribution process is a serious responsibility that involves trust and requires a high degree of professionalis



We believe Commercial Bank can offer us and our shareholders all these qualities." CBQ CEO Abdullah Saleh Al Raisi said, "Providing service levels aligned with international best practice is a major part of our commitment to building relationships with the key industries that drive Qatar's developmen



We are delighted to be entrusted with the responsibility of distributing dividends for MPHC." MPHC will be distributing dividend for the first time this yea



The company was listed on Qatar Exchange on February 26, 201



CBQ's services include the option of cash payments for dividends less than QAR 100,000, instant dividend credit to a CBQ account or transfers to banks locally and worldwid



MPHC's shareholders using the Qatar Central Securities Depository (QCSD) direct credit service will receive their dividends on the day following the Annual General Meeting (AGM), subject to dividends being approved at the AGM, the company adde

 


Qatar News Agency




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