Qatar Petroleum to offer 49% of shares in Qatalum for public offering - The Peninsula Qatar

Qatar Petroleum to offer 49% of shares in Qatalum for public offering - The Peninsula Qatar:

"Qatar Petroleum has announced that it will be offering 49 percent of its shares in Qatalum for public offering, following the directives of the Amir H H Sheikh Tamim bin Hamad Al Thani to offer Qatari nationals shares in state-sponsored companies that enjoy safe investment environment and lucrative returns. This is an important step in implementing Qatar National Vision 2030’s goals in developing a diverse and competitive national economy capable of securing a high standard of living as part of the State’s plan to increase the participation of the private sector in economic activity and supporting an investment climate capable of attracting capital; all of which are the most important economic objectives of Qatar National Vision. It is expected that the necessary procedures and approvals will be taken for listing on the Qatar Exchange during the last quarter of this year. Qatar Petroleum will also establish a holding company that will acquire Qatar Petroleum’s stake in Qatalum."



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