Mesaieed Petrochemical Holding Company (MPHC) through a statement has clarified that it has no contractual relationship with MSCI Inc. nor does MSCI Inc. coordinate with MPHC on any of it’s matters.
MSCI had earlier through a press release issued on August 13 said that it had included MPHC in their MSCI Emerging Market Index and MSCI ACWI Growth Index.
But in a retraction, a day later, MSCI said, “MPHC will not be added to their Index, contrary to what was stated earlier”.
MPHC added in the statement, “Therefore MHPC is not responsible for any of MSCI Inc. decisions. MPHC’s strength is driven by its own performance and not by MSCI Inc. decisions.”
MPHC is a subsidiary of Qatar Petroleum, and one of the region’s diversified petrochemical conglomerates with interests in the production, distribution and sale of olefins, polyolefins, alpha olefins and chlor-alkali products.