Doha: Industries Qatar (IQ) issued a brief statement regarding changes by Qatar Petroleum to IQ’s board of directors and executive management in line with its authority under IQ’s Articles of Association.
According to a press release Industries Qatar issued here yesterday, with effect from September 17, H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry, became a Board Chairman and H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, the Minister of Economy and Trade, was appointed as a Vice Chairman.
The press release further said that the Board of Directors also includes H E Ali Shareef Al Emadi, the Minister of Finance, H E Dr Ibrahim Al Ibrahim, Hamad Rashid Al Mohannadi and Nasser Khalil Al Jaidah as members, while Saad Sherida Al Kaabi as a member and Managing Director.
Industries Qatar was incorporated as a Qatari joint stock company on April 19, 2003.
It was formed with QP as its sole founding shareholder. The business operations of the company comprise the direct holding of shares in the following subsidiary and joint ventures companies:
Qatar Petrochemical Company Limited Q.S.C. (QAPCO), a
manufacturer of high quality
ethylene and low density
polyethylene, a joint venture and owned 80 percent by IQ.
Qatar Fertiliser Company S.A.Q. (Qafco), a producer of ammonia and urea, a joint venture and owned 75 percent by IQ.
Qatar Steel Company Q.S.C. (Qasco), an integrated steel manufacturer is a fully owned subsidiary of IQ.
Qatar Fuel Additives Company Ltd Q.S.C. (Qafac), a methanol and methyltertiary-butyl-ether producer, a joint venture and is owned 50 percent by IQ. QNA
