QatarEnergy announces support of initiative of distributing interim dividends ‘semi-annually’ by its listed companies on QSE
The Peninsula
Doha: QatarEnergy, driven by its commitment to maximize the value to shareholders in the companies listed on Qatar Stock Exchange, that reflects posit...
Doha: QatarEnergy, driven by its commitment to maximize the value to shareholders in the companies listed on Qatar Stock Exchange, that reflects positively on the national economy and is one of the key pillars of Qatar National Vision 2030, announced its support of the initiative of interim dividends distribution by the companies that are listed on Qatar Stock Exchange in which QatarEnergy is a shareholder.
Commenting on the announcement, H E Saad Sherida Al Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: “The distribution of dividends on a semi-annual basis is a key step in supporting efforts and initiatives that aim to strengthen the national economy through developing Qatar’s capital market. This is in line with the best regional and international standards and practices, and will help enhance our market’s competitive advantages and bolster its liquidity.”
Minister Al Kaabi added: “The distribution of interim dividends will enhance investors’ confidence in the operational performance of companies listed on Qatar Stock Exchange, the strength of their financial position, and their positive cashflow generation ability.”
QatarEnergy will coordinate exclusively with Industries Qatar “IQCD”, Mesaieed Petrochemical Holding Company “MPHC”, Qatar Aluminum Manufacturing Company “QAMCO”, Qatar Fuel Company - Woqod “QFLS”, Qatar Electricity and Water Company “QEWS”, and Qatar Gas Transport Company Limited - Nakilat “QGTS” for the purpose of semi-annual dividend distribution, in line with all relevant regulations and procedures.
