QatarEnergy has announced its backing for the initiative to distribute interim dividends on a semi-annual basis by companies listed on the Qatar Stock Exchange, where it holds shares. This move aligns with Qatar’s broader economic goals and the Qatar National Vision 2030.
His Excellency Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, emphasized the importance of this step in strengthening the national economy. He stated that distributing dividends semi-annually supports efforts to develop Qatar’s capital market according to regional and international standards. “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 said.
Minister Al-Kaabi further explained that this approach would boost investor confidence in the operational performance of companies on the exchange. “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,” he added.
QatarEnergy plans to coordinate exclusively with several key companies for this dividend distribution effort. These 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 coordination will adhere to all relevant regulations and procedures.
