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Regions :: Middle East

Qatar to list Mesaieed Petrochemical Holding on the stock exchange

9:57 AM MST | December 23, 2013 | Natasha Alperowicz

Qatar will shortly launch an initial public offering of shares in Mesaieed Petrochemical Holding, a unit of Qatar Petroleum, the first of a new wave of companies that it intends to list on the stock market. According to Qatar’s finance minister, Ali Al Emadi, 26% of Mesaieed shares will be sold to the public in January in an IPO that is expected to raise 3.2 billion Qatari rials ($880 million). Speaking at a press conference at Doha today, Al Emadi said that Qatari nationals will be able to buy Mesaieed shares at QR10/share from 31 December 2013 to 21...

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