Al Khalij Commercial Bank (al khaliji) Q.S.C., is pleased to announce its participation as a Receiving Bank in the Initial Public Offering (IPO) for Mesaieed Petrochemical Holding Company (MPHC), which commenced on 31 December, 2013 for Qatari citizens. The 22-day IPO subscription period of the MPHC will run until 21 January 2014.
MPHC, a wholly-owned subsidiary of Qatar Petroleum (QP), plans to raise QAR 3.23 billion by offering 323.19 million ordinary shares at QAR 10.2 per share (including the listing fee of QAR0. 2) to the public, that represents a 26% stake in the company. The minimum subscription for individual investors is 50 shares with the maximum being 1 million.
Interested applicants for MPHC shares can enjoy al khaliji financing of up to 100% of the subscription amount at rates as low as 3.5%.
al khaliji customers can apply for MPHC shares at Bin Omran and C-Ring branches or by visiting the bank’s service centre located on the ground floor of its headquarters in West Bay. In addition, al khaliji Premium Banking Relationship Managers will also be assisting the bank’s customers with the subscription and financing details.
For more information on the MPHC IPO and the financing of subscriptions, please call 4494 0000.