Monday 29 October 2018

QP to allocate free Qamco shares for Qataris covered by social security law - The Peninsula Qatar

QP to allocate free Qamco shares for Qataris covered by social security law - The Peninsula Qatar:

Qatar Petroleum has announced that it 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 finalised in consultation with the various concerned entities.

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