QatarEnergy, a key player in the national economy and a supporter of Qatar National Vision 2030, recently announced its support for the initiative of interim dividends distribution by companies listed on the Qatar Stock Exchange in which it holds a stake. This move is aimed at maximizing value for shareholders and reflects positively on the national economy. H E Saad Sherida Al Kaabi, the Minister of State for Energy Affairs and the President and CEO of QatarEnergy, highlighted the importance of this initiative in strengthening the capital market and boosting the competitiveness and liquidity of the market.
Minister Al Kaabi emphasized that the distribution of interim dividends on a semi-annual basis aligns with the best regional and international standards and practices. This move will enhance investors’ confidence in the operational performance, financial strength, and cash flow generation ability of companies listed on the Qatar Stock Exchange. By coordinating with companies like Industries Qatar, Mesaieed Petrochemical Holding Company, Qatar Aluminum Manufacturing Company, Qatar Fuel Company – Woqod, Qatar Electricity and Water Company, and Qatar Gas Transport Company Limited – Nakilat, QatarEnergy aims to ensure the smooth and compliant distribution of dividends in line with all relevant regulations and procedures.
The distribution of interim dividends by QatarEnergy and other companies listed on the Qatar Stock Exchange is seen as a key step in supporting efforts to strengthen the national economy. This move not only benefits shareholders but also contributes to the overall development of Qatar’s capital market. By following best practices in dividend distribution, QatarEnergy and its partner companies aim to enhance market competitiveness and increase market liquidity, ultimately boosting investor confidence in the companies listed on the Qatar Stock Exchange.
The announcement of interim dividends distribution by QatarEnergy comes at a time when the national economy is looking to enhance its market’s competitive advantages and bolster liquidity. With a focus on supporting initiatives that aim to strengthen the economy, QatarEnergy is playing a vital role in maximizing value for shareholders and contributing to the growth and development of the capital market. By distributing dividends on a semi-annual basis, QatarEnergy and its partner companies are taking proactive steps to ensure the long-term sustainability and success of the Qatar Stock Exchange.
In conclusion, QatarEnergy’s support for the initiative of interim dividends distribution by companies listed on the Qatar Stock Exchange is a significant development that aligns with the goals of Qatar National Vision 2030. By prioritizing shareholder value and supporting the national economy, QatarEnergy is demonstrating its commitment to excellence and best practices in the financial industry. Through collaboration with key companies on the Qatar Stock Exchange, QatarEnergy is paving the way for a more competitive, liquid, and investor-friendly market that will benefit all stakeholders involved.
