Frequently asked questions
Please browse our list of frequently asked questions for answers to common queries. If you cannot find the answer to your question here, kindly use the email contact form.
What is the current shareholding structure of the company?
The Company was incorporated with an initial share capital of QR 10 million. QatarEnergy transferred its shareholding (“transfer shares”) in the joint venture companies to MPHC based on a Share Swap agreement dated August 4, 2013. The consideration for the transfer of shares was the allotment and issuance of shares (“swap shares”) by MPHC to QatarEnergy. The completion of transfer shares was effective under the agreement upon obtaining the commercial registration certificates evidencing the transfer shares registered in the name of MPHC, and the swap shares in the name of QatarEnergy which occurred on September 9, 2013. Subsequently, an amendment was made to the Share Swap agreement on January 30, 2014, whereby QatarEnergy and MPHC agreed the transfer date to be September 1, 2013 (“acquisition date”).
In early 2014, QatarEnergy offered 323,187,677 existing ordinary shares of the Company during an initial public offer at an offer price of QR 10.20 per share (including QR 0.20 per share for offering and listing costs). On February 26, 2014, the Company became the 43rd company to be listed on Qatar Exchange. The share offer comprised of 25.725% of the total issued share capital of the Company. The initial public offer was restricted to individual Qatari citizens and certain selected Qatari Institutions only.
Therefore, QatarEnergy is the major shareholder owning around 74%, with the balance issued capital held by domestic and international investors, high networth individuals and retailers.
Can you please provide the details of the Board of Directors?
Please refer to section on “Board of Directors” for further details
How are MPHC’s products marketed? Are the products sold on “spot” contracts or “long-term” contracts?
Group’s petrochemical and chlor-alkali products are exclusively marketed by a wholly owned subsidiary of the State of Qatar, Qatar Chemical and Petrochemical Marketing and Distribution Company Q.J.S.C. (trading as “Muntajat”).
Products are mostly sold in the spot market with few exceptions.
What is MPHC’s Dividend Policy?
MPHC is targeting to maintain a consistent dividend payout ratio which reflects the performance of the company after taking into consideration all MPHC and MPHC Group Companies capital investments, working capital and financing needs.
How frequent do you maintain your plants? What are the risks associated with your maintenance program?
The group’s production are on regular (preventive) maintenance in order to ensure product quality is maintained and, ultimately, contribute to extending plants’ production life, improved reliability and decrease environmental impact. The maintenance cycle depends on the age of the plants, the criticality of plant’s operations and the time of maintaining Qatar’s upstream sector.
Q-Chem II and QVC had its major preventive maintenance cycle in the first quarter of 2015, during which their facilities were put on regular periodic shutdowns.
How can I buy MPHC shares?
MPHC’s shares are traded in Qatar Stock Exchange (www.qe.com.qa). In order to transact in MPHC’s share, you will have to register with a broker who is registered with Qatar Stock Exchange . The broker will place orders on-behalf of you, and the settlement will be made through the exchange. The broker will charge a commission for their services.
There are number of sources which can be utilized to monitor the performance of your portfolio. These include Qatar Stock Exchange website, android / apple applications for Qatar Stock Exchange and other tailor made software developed by the brokerage houses.
Please refer to the link below for further details: https://www.qe.com.qa/become-an-investor
What is MPHC doing in the current market downturn to ensure it maximizes shareholder interest?
The group has embarked on a number of initiatives to improve both financial and operational performance through optimizing costs and operations. These initiatives include detailed assessments of the group’s operational assets and the cost base with an objective of improving operational and cost efficiencies while ensuring Health, Safety and Environment are maintained to their highest levels. These initiatives once completed will add new synergies and opportunities within operations, administration, information technology and other functions of the group, and ultimately result in value addition to the shareholders.
What is the Zakat payable on the owned shares?
What is the dividend Purification ratio?
Where can I find the latest financial results?
Financial results could be found in the financial performance section of the website.
Please refer to the “financial performance” section.
Where can I obtain MPHC’s annual report?
The annual reports could be found in the Publications section of the website.
Please refer to the “Publications” section.
When the General Assembly Meeting is usually held?
The Annual General Assembly Meeting is usually held during the first quarter of the following year. Dates are usually announced in the newspapers.
Are there any taxes on profits?
At the company level, there is no tax liability arising on the profits. Furthermore, the company also gets a refund from PRTD on the public share of tax paid by its group companies. Regarding the personal tax position, you have to refer your queries to the Public Revenue and Tax Department (known as “PRTD”);
Does the Company give cash dividends or bonus shares?
Decision regarding the distribution of dividends are made by the Board of Directors. In most cases, dividend distribution comes in the form of cash.
What was the profit proportion during previous years?
The details of the profits earned in the past years can be found in the financial report section of the website.
Please refer to the “financial performance” section.
Where is the headquarters of MPHC?
Floor no. 42,
Qatar Petroleum Headquarters,
World Trade Center, West Bay, Doha,
State of Qatar.
What are the contact details of MPHC?