Industries Qatar (IQ)
The 30 Most Valuable Companies In Qatar

Industries Qatar (IQ)

Rank: 2

Sector: Industrials

Date of establishment: 2003

Market value : $26.2 billion

Name: Saad Sherida Al-Kaabi

Designation: Chairman and Managing Director

IQ was incorporated as a Qatari joint stock company in 2003. The IQ Group currently owns 80% of Qatar Petrochemical Company and 50% of Qatar Fuel Additives Company Limited. It also wholly owns the Qatar Steel Company and the Qatar Fertilizer Company. IQ reported $2.6 billion in revenues in the first nine months of 2021. Al-Kaabi is also Qatar’s Minister of State for Energy Affairs and the deputy chairman, president, and CEO of QatarEnergy.