Mesaieed Petrochemical Holding (MPHC), one of the region’s premier diversified petrochemical conglomerates, has reported a net profit of QR1.2bn in 2019 and recommended 7% cash dividend.

Mesaieed Petrochemical Holding Company’s (MPHC) five-year strategy will centre on improving efficiency through its ongoing cost optimisation programmes and to invest selectively in capital projects.

Higher group sales volumes and selling prices helped Mesaieed Petrochemical Holding Company (MPHC), a Qatar Petroleum subsidiary, register a 28% year-on-year growth in net profit to QR1.4bn in 2018.

Qatar Petroleum (QP) has completed the distribution of the first tranche of free incentive shares to the eligible shareholders of Mesaieed Petrochemical Holding Company (MPHC), following which its holding has come down by 8.7%.

Qatar Petroleum has set December 31, 2018 as the distribution date of Mesaieed Petrochemical Holding Company's (MPHC) free incentive shares to investors.