Qatar Petroleum (QP) said on Sunday it had signed an agreement with Yara International to acquire its 25 percent stake in Qatar Fertiliser Company (QAFCO) for $1 billion, according to statements by both companies.
QAFCO since then has become the world’s largest single-site urea producer, representing a significant percentage of the world’s traded urea volume, according to a QP statement.
Yara, one of the world’s leading fertilizer companies, said it will evaluate potential extraordinary dividends and/or share buy-backs, in line with its policy of maintaining a mid- to long-term net debt/EBITDA range of 1.5-2.0, after the closing of the transaction.
On 4 February 2021, the 17th edition of the FIFA Club World Cup™ officially kicked off in Qatar, with…16 Views | the publication reaches you by | Qatar Today
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