Al Mahhar Holding To Shift to Main Market From February 24

Al Mahhar Holding Company, a leading provider of specialised products and services to Qatar’s energy and infrastructure sectors, has received the necessary approvals to transfer its listing to main market from the junior bourse of the Qatar Stock Exchange (QSE) from next week.

The company’s first day of trading on the main market is set for February 24, 2025 and will begin with the market open at 9:30 am Doha time, the company said in a statement.

"The transfer to the main market is an important milestone in Al Mahhar’s journey, underscoring our financial strength, operational resilience, and commitment to long-term value creation. This transition enhances our presence in Qatar’s capital markets, expands our access to a broader investor base, and further strengthens our corporate governance framework," said Fahad Hussain Alfardan, its chairman.

The transfer reflects its continued growth and commitment to enhancing shareholder value by increasing its visibility, improving liquidity, and broadening its investor base.

The move follows a strategic decision by the board and was approved by shareholders at an extraordinary general meeting (EGM) held on November 18, 2024, where amendments to the company’s articles of association were approved to align with the QSE main market listing requirements.

Following the EGM, Al Mahhar submitted its transfer application to the Qatar Financial Markets Authority (QFMA) and received a non-objection notice on January 20, 2025. It has since completed all necessary steps with the QSE, the Qatar Central Securities Depository (QCSD), and other relevant authorities to facilitate the transfer.

Al Mahhar plays a critical role in supporting Qatar’s energy ecosystem, providing essential products and services that ensure reliability, efficiency, and sustainability of key energy and infrastructure assets.

The company’s extensive expertise in OEM or original equipment manufacturer supply, maintenance, repair, overhaul (MRO) services and automation/digital integration solutions makes it a partner for Qatar’s energy sector including leading national and international oil companies.

Qatar's energy sector is experiencing a period of strong expansion, driven by major infrastructure investments, long-term LNG (liquefied natural gas) contracts, and industrial diversification initiatives. The North Field expansion, one of the largest

LNG projects in the world, is set to significantly increase Qatar’s natural gas production capacity, solidifying its role as a global energy leader.

In parallel, projects like the Ras Laffan Petrochemicals Complex and related downstream industrial expansions are creating new demand for high-quality engineering products, solutions and highly engineered maintenance services.