QATAR: Mesaieed Petrochemical IPO raises USD 880-million

The offer, available only to Qatari private citizens, ended on 21 Jan., but details on who purchased the shares have not yet been disclosed.

Mesaieed Petrochemical is a holding company for medium- and high-density polyethylene and 1-hexene producer Q-Chem I, high-density polyethylene and normal alpha olefins producer Q-Chem II, and Qatar Vinyl Co., a manufacturer of caustic soda, ethylene dichloride and vinyl
chloride monomer.

Source: Weekly "PetroChemical News", Durham, NC, USA; 27 Jan 2014

(Syed Rashid Ali, Karachi, Pakistan)