QatarEnergy supports interim dividends by its listed firms on QSE

QatarEnergy, driven by its commitment to maximise 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, Minister of State for Energy Affairs and QatarEnergy President and CEO HE Saad Sherida Al Kaabi 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.”

Al Kaabi said, “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 (IQ), Mesaieed Petrochemical Holding Company (MPHC), Qatar Aluminum Manufacturing Company (QAMCO), Qatar Fuel Company (Woqod), Qatar Electricity and Water Company (QEWC), and Qatar Gas Transport Company Limited (Nakilat) for the purpose of semi-annual dividend distribution, in line with all relevant regulations and procedures.