Al Mahhar Holding Advances to the Qatar Stock Exchange Main Market

Al Mahhar Holding Q.P.S.C., the parent company of Petrotec, has received a significant milestone with the approval from the Qatar Financial Markets Authority (QFMA) to transfer its shares from the Venture Market to the Main Market of the Qatar Stock Exchange. This 1 pivotal step follows the Company’s application submitted to the QFMA on November 26, 2024.
The transition to the Main Market underscores Al Mahhar Holding’s commitment to upholding the highest standards of corporate governance, transparency, and market best practices. This move is strategically designed to:
- Enhance Visibility: Increase the Company’s visibility within the Qatar energy sector and broader Qatar financial markets.
- Improve Trading Liquidity: Facilitate easier and more efficient trading of Al Mahhar Holding shares, benefiting existing and potential shareholders.
- Strengthen Market Position: Reinforce the Company’s position as a prominent player in Qatar’s energy and infrastructure servicing sectors.
This advancement will further solidify Al Mahhar Holding’s presence in the dynamic Qatari market, contributing to the continued growth and development of the Qatar construction projects and oil and gas companies in Qatar.
Next Steps
Al Mahhar Holding will now proceed with the remaining steps required to complete the transfer process in collaboration with the Qatar Stock Exchange and Qatar Central Securities Depository (Edaa). The successful transfer to the Main Market remains contingent upon the successful completion of all necessary procedures with the relevant Qatari authorities.
Al Mahhar Holding will provide timely updates on the progress of the transfer as the process unfolds. Maroon Capital is acting as the financial advisor to Al Mahhar Holding throughout this transition.