Mubasher: Qatar Petroleum (QP) on Sunday unveiled a plan to list 49% of its stake in Qatalum, a jointly owned by the Norwegian company Hydro, on the Qatar Stock Exchange.
The step is part of Qatar National Vision 2030 to boost the private sector’s contribution to the national economy, in addition to attracting more investment and capital.
It is expected that the state-owned petroleum firm will complete the necessary procedures and approvals for Qatalum’s initial public offering (IPO) on the QSE by the fourth quarter of 2018.
In the same vein, QP will establish a holding company to manage its stake in Qatalum, according to the statement.
