24/02/2026 06:51 AST
Mesaieed Petrochemical Holding Company (MPHC) is planning to invest QR770mn in capital expenditures over the next five years, it was announced during MPHC's Annual General Assembly, presided over by its chairman, Ahmad Saif al-Sulaiti.
During the meeting, Abdulla Yaaqob al-Hay, manager, Privatised Companies Affairs at QatarEnergy, reported that MPHC spent QR573mn on maintenance, safety, and environmental projects, including its QR178mn share in the new Polyvinyl Chloride (PVC) plant.
"This project is proceeding according to schedule; construction is complete, and it has entered the testing and commissioning phase. In the petrochemical sector, capital expenditure this year focused on key projects aimed at enhancing operational efficiency and sustainability," al-Hay told shareholders.
In his opening speech, al-Sulaiti announced that MPHC recorded a net profit of QR533mn in 2025, with earnings per share of QR0.042.
"Taking into account the current market outlook over the short and medium term, as well as the company's capital expenditure programmes and operational plans, the board of directors recommends the distribution of cash dividends for the second half of 2025 in the amount of QR0.016 per share. Accordingly, total annual dividends amount to QR0.042 per share, representing a payout of 100% of the company's net profit for the year," al-Sulaiti continued.
Al-Sualiti also explained that the global petrochemical sector faced significant pressures resulting from excess production capacity, weak demand, and rising sustainability requirements in 2025.
He stated that widespread post-pandemic investments contributed to lower operating rates and compressed margins, leading to asset closures and an acceleration of consolidation activities, amid a slow recovery and heightened regulatory and price volatility.
"Against this challenging global backdrop, Mesaieed Petrochemical Holding Company was not immune to these pressures. The company's performance was affected by the continued decline in commodity prices across the various segments of its investment portfolio, reflecting weak global demand.
"From a financial perspective, the results for 2025 reflected the extent of the pressures faced by the group throughout the year, driven by macroeconomic conditions, external headwinds, and planned maintenance activities in the petrochemical segment, which collectively led to lower profitability levels," he said.
On health, safety, and environmental (HSE) standards, al-Sulaiti noted that MPHC achieved notable accomplishments in 2025. These achievements, he also said, extended beyond obtaining several international certifications to include strengthening operational safety measures across all areas.
"We reaffirm our continued commitment to enhancing health and safety standards, product quality, and employee well-being, ensuring reliable operations in line with the highest international standards," al-Sulaiti added.
Gulf Times
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