Doha: QatarEnergy announced its support of the initiative of interim dividends distribution by the companies that are listed on Qatar Stock Exchange (QSE) in which QatarEnergy is a shareholder. The Company said that the initiative was driven by its commitment to maximize the value to shareholders in the companies listed on QSE, which will reflect positively on the national economy and is one of the key pillars of Qatar National Vision 2030. Commenting on the announcement, HE Minister of State for Energy Affairs, QatarEnergy President and CEO Eng. 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.” His Excellency continued saying, “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.” HE Minister Al Kaabi added, “The distribution o
f 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.

Source: Qatar News Agency