Qatar Petroleum (QP) has set the distribution date of the Mesaieed Petrochemical Holding Company (MPHC) free incentive shares to investors by year end, on 31 December. This comes following the implementation of QP’s announcement at the time of the MPHC IPO in 2013.

MPHC logoThe free shares will be awarded to qualified investors who meet the distribution conditions at the end of trading day at Qatar Stock Exchange. The free shares will constitute 50% of the allotted shares at the time of the Initial Public Offering and according to the IPO prospectus. The second set of free incentive shares will be distributed to investors on 31 December 2023.

The distribution of the free shares comes as part of QP’s efforts to strengthen the foundations of investment and the long-term savings culture for Qatari citizens. In doing so, it has committed to giving every Qatari individual investor one free share for every allotted share conditional to keeping at least 50% of the allotted shares until the date of free shares distribution.

The free incentive shares are ordinary shares that have equal rights with capital shares. They will be allotted from QP share, and will not entail any change in the company’s capital structure.

For more information about the Mesaieed Petrochemical Holding Company, visit mphc.com.qa.