Qatar Exchange | Qatar Industries | INDUSTRIES QATAR HOLDS ITS EGM AND APPROVES THE PURCHASE OF QATAR PETROLEUM'S 25% STAKE IN QAFCO

 

Industries Qatar has announced that the Extraordinary General Assembly meeting of the shareholders of Industries Qatar (IQ) was convened on Sunday, September 13th, 2020 electronically using Zoom application platform and approved the following agenda items:The agenda for the Extraordinary General Assembly Meeting:1.Approve the purchase of the 25% stake in Qatar Fertiliser Company (QAFCO) from Qatar Petroleum for a purchase consideration of USD 1.0 billion.2.Approved the proposed amendments to the Company’s Articles of Association concerning the constitution of the Company’s Board of Directors, as attached to this letter. The new composition of the Board of Directors shall come into effect from the upcoming term of the Board that will start from the date of holding the General Assembly meeting to approve the financial statements of the financial year ending 31 December 2020.3.Delegated IQ’s Board of Directors to negotiate, approve, sign and take all actions necessary to finalize a long-term strategic agreement regulating the relationship between Qatar Petroleum and IQ.

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Name Last Change (%) Value
Abu Dhabi 4,510.60 0.12 784,142,116
Dubai 2,320.87 0.86 1,411,203,446
Saudi 8,337.88 0.32 14,664,975,320
Kuwait 6,009.90 1.28 56,540,406
Qatar 9,942.06 0.01 656,720,137
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Egypt 11,050.89 0.34 689,586,479
Amman 1,585.73 0.17 8,617,926
Palestine 445.31 0.41 47,820,623

Commodities

Name Last update Closing Price Change %
Brent Sep-18 43.08 0.49
Natural Gas Sep-18 2.07 1.13
Gold Sep-18 1,958.00 0.45
Silver Sep-18 27.04 0.22
Platinum Sep-18 932.00 0.12
Nymex Light Sep-18 41.02 0.2

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 27,864.87 27,712.40 0.68
Nasdaq 10,973.40 10,807.24 0.94
S&P 500 3,357.38 3,324.67 0.96
Name Opening price Closing Price Change%
Frankfurt 13,210.86 13,116.25 0.7
Paris 5,005.89 4,978.18 1.22
London 6,049.92 6,007.05 0.71
Stockholm 727.24 729.00 0.26
Switzerland 10,532.26 10,539.17 0.19
Name Opening price Closing Price Change%
Shanghai 3,270.91 3,338.09 2.07
Hong Kong 24,381.13 24,455.41 0.3
Jakarta 5,037.37 5,059.22 0.43
Tokyo 23,321.19 23,360.30 0.18

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Name Rate Last update
EURO/USD 1.185 Sep-18
GBP/USD 1.292 Sep-18
USD/JPY 104.574 Sep-18
USD/CHF 0.911 Sep-18