QatarEnergy has announced its support for the initiative to distribute interim dividends on a semi-annual basis by companies listed on the Qatar Stock Exchange (QSE). This move is part of QatarEnergy’s commitment to maximising shareholder value and positively impacting the national economy, aligning with Qatar National Vision 2030.
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs in Qatar and President and CEO of QatarEnergy, commented on the announcement: “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 emphasised that the distribution of interim dividends would boost investor confidence in the operational performance of companies listed on the QSE, highlighting their strong financial positions and positive cash flow generation capabilities.
QatarEnergy will coordinate exclusively with several major companies for the purpose of semi-annual dividend distribution. These companies include 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). The initiative will adhere to all relevant regulations and procedures.
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