Al Khalij Commercial Bank (al khaliji) QSC, is participating as a receiving bank in the initial public offering (IPO) for Mesaieed Petrochemical Holding Company (MPHC), which commenced on Dec. 31, for Qatari citizens. The 22-day IPO subscription period of the MPHC will run until Jan. 21.

MPHC, a wholly-owned subsidiary of Qatar Petroleum (QP), plans to raise QR3.23 billion by offering 323.19 million ordinary shares at QR10.2 per share (including the listing fee of QR0.2) to the public, that represents a 26 percent stake in the company. The minimum subscription for individual investors is 50 shares with the maximum being 1 million.

Interested applicants for MPHC shares can enjoy al khaliji financing of up to 100 percent of the subscription amount at rates as low as 3.5 percent.

Al khaliji customers can apply for MPHC shares at Bin Omran and C-Ring branches or by visiting the bank’s service center located on the ground floor of its headquarters in West Bay. In addition, al khaliji premium banking relationship managers will also be assisting the bank’s customers with the subscription and financing details.