Doha: Mesaieed Petrochemical Holding Company, a Qatari public shareholding company, reported a 5% decline in net profits during the first half of this year, reaching QAR 378.706 million compared to QAR 398.380 million in the same period last year.

According to Qatar News Agency, the company's financial statements, published today on the Qatar Stock Exchange website, showed a decrease in earnings per share to QAR 0.030 for the period ending June 30, down from QAR 0.032 during the same period last year.

The company's board of directors approved an interim cash dividend of QAR 0.026 per share, representing 2.6% of the nominal value of the share, for shareholders registered by the close of trading on Wednesday, August 20. The Depository Company will handle the distribution of the interim dividends in accordance with applicable rules and regulations.