Al-Mahar Holding Company announced the results of the Extraordinary General Assembly meeting of its shareholders on January 23, 2023, during which it approved the shareholders’ approval of the company’s request to convert from a Qatari limited liability company to a Qatari public shareholding company. After completing the transformation procedures, the company intends to list its shares in the emerging companies’ market of the Qatar Stock Exchange, subject to obtaining all the required regulatory approvals.
Al-Mahar Holding Company is one of the leading companies providing services to the energy and infrastructure sectors in the State of Qatar. Al-Mahar Company started its operations in 1989, and originally operated through its wholly-owned Petroleum Technology Company (Petrotech), providing an enhanced level of support to the sector Energy and participation in the rapid growth and success of the hydrocarbon sector in Qatar. Since then, Al-Mahar Company's business has expanded into diversified businesses operating at different levels of the energy and infrastructure sectors, through its 10 subsidiaries, in Qatar and Kuwait.
Al-Mahar Holding Company announced the results of the Extraordinary General Assembly meeting of its shareholders on January 23, 2023, during which it approved the shareholders’ approval of the company’s request to convert from a Qatari limited liability company to a Qatari public shareholding company. After completing the transformation procedures, the company intends to list its shares in the emerging companies’ market of the Qatar Stock Exchange, subject to obtaining all the required regulatory approvals.
Al-Mahar Holding Company is one of the leading companies providing services to the energy and infrastructure sectors in the State of Qatar. Al-Mahar Company started its operations in 1989, and originally operated through its wholly-owned Petroleum Technology Company (Petrotech), providing an enhanced level of support to the sector Energy and participation in the rapid growth and success of the hydrocarbon sector in Qatar. Since then, Al-Mahar Company's business has expanded into diversified businesses operating at different levels of the energy and infrastructure sectors, through its 10 subsidiaries, in Qatar and Kuwait.
Noting that it has appointed Deloitte & Touche - Qatar branch as the company's listing advisor, Maroon Capital Consulting as the company's strategic advisor, Eversheds Sutherland) International (LLB) as an international legal advisor, and Sharq Law Firm as a Qatari legal advisor.