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IQ was established by Father Emir His Highness Sheikh Hamad bin Khalifa Al-Thani on the 19th of April 2003 to fulfill two key macro-economic objectives, namely consolidate and manage a central component of State of Qatar’s economic diversification of the value added chain (downstream sector) and to serve as a mechanism to distribute wealth to Qatari nationals.
Over a decade of operation, IQ was able to fulfil both of these mandates satisfactorily with an investment in excess of QR 26 billion in downstream assets, resulting in a significant boost to State's industrial development with increased production and sellable capacity, employment, technology advancements, and emergence new products, and distribution of dividends in excess of QR 44 billion together with issuances of additional bonus shares.
Qatar Petroleum (QP) is the major shareholder owning 51% of the issued capital, while 19% of the issued capital is held by the General Retirement and Social Insurance Authority. The rest of issued capital is held by domestic and international institutional investors, high network individuals and retailers.
IQ has control / joint controls over four large downstream entities operating in the State of Qatar. Through these entities IQ operates in 3 distinct segments – namely petrochemicals, fertiliser, and steel. The four major downstream entities on which IQ has control / joint control are:
Group’s petrochemical and fertiliser products are exclusively marketed by a wholly owned subsidiary of the State of Qatar, Qatar Chemical and Petrochemical Marketing and Distribution Company Q.J.S.C. (trading as “Muntajat”). Steel products are directly sold by the steel producer Qatar Steel Company.
Group’s petrochemicals and fertiliser products primarily sold in the Middle East, Asia, the Far-East and the Americas. Steel products are predominantly sold in the GCC region with a strong presence in Qatar. Products are mostly sold in the spot market with few exceptions.
QS Phase 1
DRI / HBI
QS Phase 1
QS Phase 1
 The capacity of Billets (QS Phase 1) was reduced to ~600k MT’s following the discontinuing EF 1&2. The company has decided to discontinue EF 1 & 2 after the commencement of operation of EF 5.
Natural gas feedstock is supplied by the parent company, Qatar Petroleum under long-term contracts at competitive prices. The iron ore required for the production of steel is procured from major miners in the global market.
As previously communicated, Qatar Petroleum is conducting a number of detailed feasibility studies in order to take advantage of the ethane feedstock made available following the decision not to proceed with the previously proposed Al-Sejeel and Al-Karaana Petrochemical Project. These studies will be conducted in collaboration with QAPCO, Q-Chem and Ras Laffan Olefins Company Limited. At this point in time, it is too early to speculate on the possibility or nature of projects that may be approved following the completion these studies.
The Board of Directors remains open to all strategic growth options, whether organic or inorganic. With respect to the group's foreign joint venture partners, it is our belief that their participation in the joint ventures add value and is therefore to the advantage of all shareholders. There are no plans to change this shareholding structure in the immediate future.
There are no such plans at this stage.
Total headcount within the group is over 5,400 employees, with Qataris comprising about 11.8%. All companies have targets and goals to increase the number of nationals.
There are no such plans at this stage.
As a holding company of some large downstream entities, our cash flows are pretty much linked to global economic performance and business cycles. Moreover, Industries Qatar has a formal written dividend policy.
Nevertheless the Board always adopt a rational dividend payout practice that balances the needs and aspirations of shareholders with the necessity of maintaining adequate liquidity within the group for actual and potential investment requirements, and unexpected adverse trading conditions and the principles of financial prudence.
Please refer to the “investor relations” section.
Shareholders who have not yet claimed their dividends for the years from 2003 until 2016 should go to any branch of Qatar National bank along with their ID.
We wish to clarify that the supply of natural gas from Qatar Petroleum is secured and subject to long-term contracts. In other limited cases, the pricing formulae are also determined on a long-term basis.
It is quite common for both the seller of feedstock (Qatar Petroleum) and the group companies to discuss and renegotiate the feedstock prices at the time of contract renewal. The prices may be adjusted depending on the economic expectations at the time of renegotiating the feedstock prices.
In all cases, Qatar Petroleum recognizes the need for the group companies to get the feedstock at a competitive price so that IQ can continue to maintain its competitive advantage in the global market.
The group’s production facilities are on regular (preventive) maintenance in order to ensure product quality is maintained and, ultimately, contribute to extending plants’ production life, improved reliability and decrease environmental impact. The maintenance cycle depends on the age of the plants, the criticality of plant’s operations and the time of maintaining Qatar’s upstream sector.
With regards to CAPEX investments over the next five years (2017-2021), the total investment and maintenance CAPEX earmarked by the group is ~ QR 3.0 billion, which is only a fraction of the investments made by IQ in the past. With the oil and commodity prices remain somewhat depressed, the group will continue to focus on optimizing costs through the entire value chain, and improving the efficiency of the operating asset base. In addition, the group will also selectively invest in green field downstream projects, primarily in the domestic market.
It should, however be noted that, If profitable investment opportunities are made available to the group within the planning horizon, these opportunities will be considered based on their merits. With the phasing of CAPEX over the next five years, group’s free cash flows and other financial metrics are to improve significantly, assuring greater liquidity and financial strength which will enable the group to have a very flexible financial strategy.
IQ’s shares are traded in Qatar Exchange (www.qe.com.qa). In order to transact in IQ’s share, you will have to register with a broker who is registered with Qatar Exchange. The broker will place orders on-behalf of you, and the settlement will be made through the exchange. The broker will charge a commission for their services.
There are number of sources which can be utilized to monitor the performance of your portfolio. These include Qatar Exchange website, android / apple applications for Qatar Exchange and other tailor made software developed by the brokerage houses.
Please refer to the link below for further details: https://www.qe.com.qa/become-an-investor
The group has embarked on a number of initiatives to improve both financial and operational performance through optimizing costs and operations. These initiatives include detailed assessments of the group’s operational assets and the cost base with an objective of improving operational and cost efficiencies while ensuring Health, Safety and Environment are maintained to their highest levels. These initiatives once completed will add new synergies and opportunities within operations, administration, information technology and other functions of the group, and ultimately result in value addition to the shareholders.
Financial results could be found in financial performance section of the website.
The annual reports could be found in “publications” section of the website.
The Annual General Assembly Meeting is usually held during the first quarter of the following year. Dates are usually announced in the newspapers.
At the company level, there is no tax liability arises on the bonus shares as they are paid out of retained earnings. Regarding the personal tax position, you have to refer your queries to the Public Revenue and Tax Department (known as “PRTD”);
Decision regarding the distribution of dividends are made by the Board of Directors. In most cases, dividend distribution comes in the form of cash. In the past, 10% bonus shares have been issued twice.
The details of the profits earned in the past years can be found in the “financial performance” section of the website.
Floor no. 42,
Qatar Petroleum Headquarters,
World Trade Center, West Bay, Doha,
State of Qatar.
Industries Qatar Q.S.C. was incorporated as a Qatari joint stock company on April 19, 2003. The registered office is located at P.O. Box 3212, Doha, State of Qatar. Through the group companies, IQ operates in 3 distinct segments: petrochemicals, fertiliser and steel.