MPHC shares to be listed on Feb 26

January 28, 2014 - 3:08:33 am

DOHA: State-backed Mesaieed Petrochemical Holding Company (MPHC) which floated a low-priced initial public offering (IPO) for Qatari citizens and select local institutions on December 31, 2013, is to be listed on the Qatari bourse (Qatar Exchange) on February 26 after the company has announced allotment of shares to successful subscribers. 

The announcement is likely to be made on January 31, Al Sharq reported. Subscription to the issue which is expected to be heavily oversubscribed closed on January 21. The banks that have received subscription applications for the IPO would likely intimate successful subscribers about the allotment of shares through SMS on January 31.

The Peninsula

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