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Industries Qatar

Qatar

Industrial and Manufacturing

Industries Qatar is one of the region’s industrial giants with holdings in petrochemicals, fertilizers and steel producers. IQ was incorporated on April 19, 2003. Through its subsidiaries and joint ventures (the Group Companies), IQ operates in three distinct segments: Petrochemicals, Fertilizers and Steel. All of the Group’s international joint venture partners bring state-of-the-art technical expertise in their respective fields of operation. The operations of the Group’s subsidiary and joint ventures remain independently managed by their respective Boards of Directors and senior management teams. The business operations of IQ comprise the direct holding of shares in the following subsidiaries and joint venture companies: (i) Qatar Steel Company, a wholly-owned subsidiary, engaged in the manufacture and sale of steel billets and reinforcing bars; (ii) Qatar Petrochemical Company Limited (QAPCO), a joint venture 80% owned by IQ, engaged in the production of ethylene, low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE) through its joint venture Qatofin Company Limited and sulphur; (iii) Qatar Fertiliser Company (QAFCO), a 100% owned subsidiary, engaged in the manufacture of ammonia and urea; and (iv) Qatar Fuel Additives Company Limited (QAFAC), a joint venture 50% owned by IQ, engaged in the production of methanol and methyl-tertiary-butyl-ether (MTBE). Industries of Qatar was founded in 2003 and is headquartered in Doha, Qatar.

Reporting Year:

Overall

Environment

Social

Corporate Governance

IQCD

Reports

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Data not reported
N/A : Not Applicable

2024

2023

2022

2021

Environment

Does the company publish and follow an environmental policy? Yes/No

Yes

Energy used (GJ/employee) Annual total direct energy consumption per employee

65,050

Specify the primary source of energy used by the company

Natural gas

Total amount of energy used (GJ)

241,009,000

Total greenhouse gas emissions (tonnes)

9,166,014

Total waste produced (kg)

260,887,000

Total water use (m3)

10,562,286

Social

Average hours of training per employee

18.96

Disclosure and adherence to a Human Rights Policy? Yes/No

Yes

Does the company prohibit the use of child or forced labor throughout the supply chain? Yes/No

Yes

Does the company publish and follow a policy for occupational and global health issues? Yes/No

Yes

Employee turnover rate (%)

Employee wages & benefits

461.26

Nationalisation rate (%)

Number of grievances about human rights issues filed, addressed and resolved

Pre-tax profits invested in the community (%)

0.02

Spending on locally-based suppliers (%)

Total number of injuries and fatal accidents (contractors)

Total number of injuries and fatal accidents (employees and contractors)

Total number of injuries and fatal accidents (employees)

Total workforce (FTE)

3,705

Women in the workforce (%)

Corporate Governance

CEO pay ratio

Disclosure of the voting results of the latest AGM. Yes/No

Yes

Does the company publish and follow a Bribery/Anti-Corruption Code? Yes/No

Yes

Does the company publish and follow an Ethics Code of Conduct? Yes/No

Yes

Executive compensation linked to performance indicators. Yes/No

Female directors on the board (%)

2.70

Independent directors on the board (%)

Median male salary to median female salary

Role separation of Chairman and CEO. Yes/No

Yes

Sustainability report published. Yes/No

Yes