Gulf Oil and Gas accountACCOUNT

QP to Allocate Free QAMCO Shares for Qataris Covered by Security Law

Source: www.gulfoilandgas.com 10/28/2018, Location: Middle East

Share |
Qatar Petroleum will allocate 750 free shares in Qatar Aluminium Manufacturing Company "QAMCO" (under incorporation) to all registered Qatari beneficiaries covered by the Social Security Law.

The beneficiaries stipulated by the law include the elderly, those unable to work, orphans, needy families, the disabled, divorced women, widows, prisoners' families and other categories.

In addition to the free QAMCO shares, members of the entitled groups can subscribe to an additional number of shares, if they wish, and pay the due share price in accordance with the Offering Memorandum.

The details of the free share allocation will be finalized in consultation with the various concerned entities. QAMCO shares will be offered at QAR 10.1, which includes the nominal value per share of QAR 10, plus offering and listing costs of QAR 0.1 per share.

Qatar Petroleum has announced on October 22, that it was planning an Initial Public Offering of shares representing 49% of the issued share capital of Qatar Aluminium Manufacturing Company Q.P.S.C. "QAMCO", a Qatari public joint stock company under incorporation in the State of Qatar.

QAMCO is set to own 50% of the total issued capital of Qatar Aluminium Limited Q.S.C. “Qatalum”, which is a joint venture founded between Qatar Petroleum and the Norwegian company, Hydro.

Investment News in Qatar >>

Norway >>  11/12/2018 - TGS announces a strategic collaboration with Axxis Geo Solutions (AGS) for multi-client ocean bottom node projects in the North Sea. The area of mutu...
France >>  11/11/2018 - On Friday, during the inauguration of the Beauce Gâtinais Biogas (BGB) methanization unit in France, in presence of François de Rugy, French Minister ...

Angola >>  11/10/2018 - The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total, Patrick Pouyanné, and the Chairman...
United Kingdom >>  11/5/2018 - Reabold Resources has signed a subscription agreement with Rathlin Energy (UK), a wholly-owned subsidiary of Calgary-based Connaught Oil & Gas, to inv...

United Arab Emirates >>  11/4/2018 - Abu Dhabi’s Supreme Petroleum Council (SPC) approved the Abu Dhabi National Oil Company’s (ADNOC) new integrated gas strategy and plans to increase it...
Australia >>  10/29/2018 - Senex Energy has announced that following financial close of its $150 million debt facility, Final Investment Decisions have been taken and multi-year...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Qatar Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 |

More News

 

Oil & Gas Companies in Qatar >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.