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Mesaieed 2023 net profit down 39%

The company will pay a cash dividend of QR 0.086 per share. (Mesaieed)
By TRENDS Desk AFP
February 12, 2024 4:05 pm
  • According to Qatar Stock Exchange website, the Company's Earnings per share (EPS) amounted to QR 0.086 in 2023 versus EPS QR 0.141 for the same period in 2022.
  • The Board of Directors recommends a cash dividend of QR 0.086 per share, equating to a payout ratio of 100 percent of net earnings for 2023. 

Doha, Qatar — Mesaieed Petrochemical Holding Company’s net profit decreased 39 percent to QR 1.08 billion ($296 million) in 2023 in comparison to QR 1.76 billion for the same period of the previous year.

According to Qatar Stock Exchange website, the Company’s Earnings per share (EPS) amounted to QR 0.086 in 2023 versus EPS QR 0.141 for the same period in 2022.

The Board of Directors recommends a cash dividend of QR 0.086 per share, equating to a payout ratio of 100 percent of net earnings for 2023. 

Mesaieed Petrochemical Holding establishes, manages, owns, and holds shares, assets, and interests in companies engaged in processing and manufacturing of petrochemical products.

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