Mesaieed Petrochemical clarifies dividend distribution

April 21, 2014 - 1:52:30 pm

DOHA: Qatar Exchange-listed (QE) Mesaieed Petrochemical Holding Company (MPHC) Monday issued a clarification advising its shareholders on delivering dividends, according to a QE notice.

"MPHC appointed Commercial Bank of Qatar (CBQ) as dedicated bank to deliver its cash dividends," QE's 43rd company listed for trading shares said.

"Shareholders can receive their dividend from any CBQ branch. Shareholders can opt to receive in cash dividends less than QR100,000 and dividends greater than this amount via cheque."

Dividend transfer to a bank in Qatar or worldwide is also possible, MPHC said.

CBQ shall deposit dividends in the accounts of shareholders who used Qatar Central Securities Depository with their direct credit service.

CBQ business hours are from 7.30am to 1.00pm at most locations. Branches at City Centre, Dar Al Salam, Mall, Hyatt Plaza, Landmark, Pearl and Villaggio Malss are open up to 9.00pm.

For shareholders from social security sector, the CBQ shall transfer dividends to the account given to us by the concerned departments, MPHC said.

Shareholders with queries or those facing difficulty in collecting dividends should contact Commercial Bank’s Dividend Hotline on 44495444 or 40133622, or send an email to mphc@qp.com.qa , MPHC said. (QNA)

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