QatarEnergy completes the distribution of final tranche of free incentive shares to the eligible shareholders of MPHC

One of the leading diversified petrochemical conglomerates in the region, Mesaieed Petrochemical Holding Company produces olefins, polyolefins, alpha olefins, and chlor-alkali products. The company's founder and largest shareholder, QatarEnergy, has successfully distributed the second and final tranche of free incentive shares to eligible shareholders at the closing of business on Sunday, December 31, 2023 in the Qatar Stock Exchange.

The free incentive shares granted are equal to 50% of the shares allotted to such stockholders during MPHC's initial public offering (IPO), in line with the procedures outlined in the company's IPO prospectus.

This distribution aligns with the announcement made by QatarEnergy during the MPHC share offering in December 2013, which stated that qualifying shareholders would receive two equal sets of complimentary incentive shares on the first award date of December 31, 2018, and the second award date of December 31, 2023.