SR.No: 28
Industries Qatar (IQ)
Sector: Industrials
Date of Establishment: 2003
Country: Qatar
Managing Director and Chairman: Saad Sherida Al-Kaabi
Sales: $2 billion
Profits: $552 million
Assets: $9.9 billion
Market Value: $22.4 billion
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. In 2020, IQ reported a decrease of 22% in net profits compared to 2019. Saad Sherida Al-Kaabi is also Qatar’s Minister of State for Energy Affairs and the deputy chairman, president, and CEO of Qatar Petroleum.