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Industries Qatar

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Industries Qatar Q.S.C.
Company typePublic
QE: IQCD
Industry
Founded3 August 2003; 21 years ago (2003-08-03)
Headquarters
Al Dafna, Doha
,
Qatar
Key people
RevenueIncrease QR5,970 million (2014)[1]
Decrease QR6,342 million (2014)[1]
Total assetsDecrease QR36,556 million (2014)[1]
Total equityDecrease QR33,585 million (2014)[1]
Parent
Subsidiaries
  • Qatar Steel Q.S.C.
  • Qatar Petrochemical Company Limited Q.S.C. (80%)
  • Qatar Fuel Additives Company Limited Q.S.C. (50%)
  • Qatar Fertiliser Company S.A.Q. (75%)
Websitewww.iq.com.qa

Industries Qatar Q.S.C. (Arabic: صناعات قطر; IQ) is a Qatari conglomerate with subsidiaries and investments in the petrochemicals, fertilisers and steel industries. IQ is a 51-percent subsidiary of QatarEnergy. Its shares are traded on the Qatar Exchange and is one of the largest publicly traded companies in Qatar by market capitalisation.[3]

The company's principal investments are Qatar Petrochemical Company (QAPCO) (an 80:20 joint venture with TotalEnergies), Qatar Fuel Additives Company (QAFAC) (50 percent owned, with the remaining shares held by OPIC, International Octane and Taiwan-based LCY Group), Qatar Fertiliser Company (QAFCO) (a 75:25 joint venture with Yara), and Qatar Steel.[4]

QAFCO was established in 1969 as a joint venture between the government of Qatar, Norsk Hydro, Davy Power and Hambros Bank to produce ammonia and urea in Qatar.[5] QAPCO and QAFAC were founded in 1974 and 1991 respectively.[6][7] By 2003, these three companies were held by Qatar Petroleum (QP) while Qatar Steel remained directly owned by the state. In that year, Qatar Steel was transferred to QP. QP subsequently transferred Qatar Steel, along with QAFCO, QAPCO and QAFAC into Industries Qatar, which was then listed on the Qatar Exchange.[8]

References

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  1. ^ a b c d Annual Report 2014 (PDF), Industries Qatar Q.S.C., 2014-12-31, archived from the original (PDF) on 2016-03-05, retrieved 2015-08-30
  2. ^ "Industries Qatar Co. - IQCD". GulfBase. Retrieved 2015-08-30.
  3. ^ "Industries Qatar". Arabian Business. Retrieved 2015-08-30.
  4. ^ "The IQ Group Companies". Industries Qatar Q.S.C. Archived from the original on 2015-09-24. Retrieved 2015-08-30.
  5. ^ "QAFCO – the world's largest ammonia and urea producer". BCInsight Ltd. Retrieved 2015-08-30.
  6. ^ "Qapco shares history as it marks 40th year by honouring employees". The Peninsula. 2014-11-09. Archived from the original on 2016-03-04. Retrieved 2015-08-30.
  7. ^ "Qafac to launch world's largest CO2 capture facility on Feb 9". Gulf Times. 2015-01-27. Retrieved 2015-08-30.
  8. ^ "Industries Qatar". MarketsToday. Archived from the original on 2016-03-04. Retrieved 2015-08-30.
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