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In the Name of ALLAH, the Most Gracious, the Most Merciful 2 QIMC Annual Report 2018 3 5 6 7 8 9 10 11 20 21 24 26 27 In the Name of ALLAH, The Most Gracious, The Most Merciful 2 QIMC Annual Report 2018 3 5 6 7 8 9 10 11 20 21 24 26 27 4 QIMC Annual Report 2018 About QIMC and its Investment Policy Qatar Industrial Manufacturing Company the company’s share capital for the year 2013. This a number of other projects in collaboration with (QIMC) was established in 1990 with 20:80 amendment increased the Company’s share paid- other local and foreign interested parties. government-private equity interests respectively. up capital to QR 475.2 million, distributed over The establishment of QIMC was in fact a clear 47,520,000 shares, having a nominal value per QIMC’s investment strategy is essentially driven manifestation of the particular attention given share of QR 10, as in 31st December 2014. by the fundamental principle of investing in by the State of Qatar to the issue of the private economically viable industrial projects that utilize sector participation in the process of the country’s QIMC started business in May 1990, only to locally/regionally available natural resources/ economic development through investment in become within a short period of time, one of the intermediate products. QIMC also views its small and medium scale industries. pioneering companies in the field of small and investment activity in the wider economic medium scale industries in Qatar. Far from being development context, and for that reason, it QIMC’s initial authorised capital was set at 200 confined to the State of Qatar,QIMC ‘s activities strives to maximize the macroeconomic benefits million QR (US$ 55 million), and was fully paid by have extended to other GCC countries such as resulting from its investment activity to the 2002. In 2006, capital was increased by 50% to Saudi Arabia and Oman. national economy in terms of employment 300 millions QR. In 2009. capital was increased opportunities for the national labour force, by 20% to 360 QR million. In 2010, capital was Currently, QIMC has equity interest in 18 transfer of modern technology and contribution further increased by 10% to 396 millions QR. operational projects in diverse industrial sectors to the country’s balance of trade. including chemicals, petrochemicals, construction The Extra-ordinary General Assembly of QIMC materials and food processing, while one more QIMC welcomes the participation of all investors held on the 2nd March 2014, approved the project is under commissioning. QIMC is also and technology know-how holders in joint distribution of bonus shares equivalent to 20% of currently investigating the economic feasibility of ventures in viable medium sized projects. 5 Board of Directors Sheikh Abdulrahman Nasser Rashid Al-Kaabi Bin Mohammad Vice Chairman Bin Jabor Al-Thani Chairman Former board members Abdulghani Nasser Ali Bin Khalifa Al-Attia (1990 - 1993) (1995 - 1999) Jassim Al-Jaidah Abdulhadi Bin Nayfa Al-Shahwani (1990 - 1995) (1990 - 2001) Abdulaziz H. Salat Ali Hassan Al-Khalaf Sheikh Rashid A.M. Al-Thani Saad M.S.J. Al-Rumaihi Abdullla M. Shamsan Al-Saada (1990 - 1995) (1990 - 2001) Board Member Board Member Board Member Said Bin Abdul Aziz Al-Nasser Mohamed Marzouq Al-Shamlan (1990 - 1995) (1995 - 2001) Majid S. Al-Khulaifi Mohamed Khalifa A. Turki Al-Subai (1990 - 1995) (1998 - 2001) Mohamed Khalaf Al-Kabi Ali Yousuf Hussain Kamal (1990 - 1995) (2010 - 2012) Nasser Abdulghani Nasser Khalifa Al Sowaidi (1993 - 1995) (2001 - 2016) H.E. Ali Mohamed Al-Khater Ahmad Ali I.M. Bokshaisha Abdulrahman F. Al Mudahka Abdul Mohsin Yousuf Al-Mana Abdulla Ali Al-Abdulla (1995 - 1997) (2001 - 2016) Board Member Board Member Board Member Abdul Aziz Y. Al-Khulaifi (1995 - 2001) Mohamed Khalid A. I. Mannai Ahmed Y. Kamal Board Member Board Member 6 QIMC Annual Report 2018 Key Personnel Sheikh Abdulrahman Abdul Rahman A. Al-Ansari Bin Mohammad Chief Executive Officer Bin Jabor Al-Thani Chairman Dr. Hazim T. Al-Kadi Dr. Farouk A.N. Jabur Aktham Y. Al-Baqali Director Projects Department Director Invest. & Follw-up Dept. Director Admin. & Finance Dr. Adam El-Mustafa Omar Sami Abdul Mohsen Al-Hawaj Ahmed H. Abou Hamda Abdulla Khalaf Al-Josaiman General Counsel & Board Secretary Industrial Expert Projects Dept. Planning Engineer Manager Purchase & P.R. Johan Muller Jochen A. Schmid Ramy Derar Project Director Director of Hospitality Senior Engineer 7 Chairman’s Message Dear Shareholders The year 2018 was yet again an year of robust performance for available raw materials and consumables.. One such project is the “Qatar Industrial Manufacturing Co. (QIMC)”, in regard to operating glass bottles factory being set up at a cost of QR230 million. The business units, projects under development as well as well as our actual production will begin in the first quarter of 2021. search for new opportunities in the market, by collaborating with our associates and other companies, whose vision is aligned with In the area of real estate investment, QIMC signed contract with the our core interests. In this respect, our best efforts continued during main contractor to build the headquarters of the Company (QIMC the year to meet the needs of the local consumers for different Towers) at a cost of QR1.2 billion. This project is expected to be industrial and consumer products, while also exporting Qatari completed by 2020. products to the international market. Our group company “Qatar Aluminium Extrusion Company” succeeded in exporting aluminum For the purpose of supporting the group companies locally and profiles to Jordan, Palestine, Algeria, Tunisia, Morocco, Belgium, the abroad, QIMC marked its distinctive attendance in a number of Netherlands, Australia and Canada, while Amiantit Qatar Pipes Co.” exhibitions, trade fairs and other business events, both local, regional. and “Sarplast Qatar” exported their products to Sultanate of Oman, This further demonstrated its well-rooted faith in the importance of Kuwait, Iraq, Malaysia, Philippines, Uzbekistan, Spain and Germany. highlighting the Qatari industry in the international forums and in promoting its affiliated and associated companies. “Qatar Paving One of the most remarkable recent achievements of the Company Stones Co.” and “National Paper Industries Co.” received recently the is the highly successful execution of KLJ Organic-Qatar project in State Appreciation Award for industrial companies. Mesaieed Industrial Area, which forms a quality addition to the medium and large manufacturing units in the private sector in Finally, I take the opportunity to express my fullest respect and Qatar State. The experimental production of this factory began in appreciation to His Highness the Emir Sheikh Tamim Bin Hamad Al- December 2018. Thani, His Excellency Sheikh Abdullah Bin Nasser Al Thani, Minister of Interior, His Excellency Mr. Ali bin Ahmed Al Kuwari, Minister of As a part of our organic growth strategy, QIMC has completed the Commerce and Industry, His Excellency Mr. Saad bin Sherida Al- acquisition of the foreign partner’s share in “Qatar Plastic Products Kaabi, Minister of State for Energy affairs, and to all Ministers in Company”, thereby taking our share in the thriving company to of the Honorable Government for their continuous support for the 66.7% of the total capital. progress and prosperity in this State. I also express my thanks to all governmental and semi-governmental institutions, valued partners, In our continued search for new promising industrial projects, customers and shareholders for their continued patronage to the QIMC signed a number of agreements and memorandums of Company to achieve its great goals and aspirations. understanding with local and international companies, in order to develop a number of joint industrial projects that make use of locally Sheikh/Abdul Rahman Bin Mohammed Bin Jabor Al-Thani Chairman 8 QIMC Annual Report 2018 Financial Performance at a Glance Net Profits and Dividends Shareholders Equity Net Profits Dividends 9 Investment by Sector 45% Chemicals and Metallurgy 41% Construction and Building Materials 8% Energy 5% Paper, Plastic and Wood 1% Food Products 10 QIMC Annual Report 2018 CONSTRUCTION and BUILDING MATERIALS QIMC - 100% QIMC - 100% Qatar Sand Treatment Plant Qatar PAVING Stones QSTP is wholly owned by Qatar Industrial Manufacturing Company QPS is wholly owned by Qatar Industrial Manufacturing Company (QIMC). The main activity of the company is to produce treated (QIMC). It produce premium quality Paving Stones and kerb Stones of (washed) sand for construction and agricultural uses. all colours and patterns, besides high quality masonry blocks. in Operation Total investment : QRs. 125 million Total investment : QRs. 80 million Production Date : October 1992 Production Date : H1, 2009 Capacity of plant : 12 million tons / year washed sand Capacity of plant : 1.4 million sqm / year of paving stones and 600,000 tons / year wadi stone shot blasted Paving Stones 2.1 million nos/ year masonry blocks 750,000 nos/year Location : Umm Bab Road kerbstones/flags Telephone : +974 44029130 / 44029150 / 44029120 Location : Umm Bab Road, adjacent to Fax : +974 44914780 / 44029199 Qatar Sand Treatment Plant Companies Post Box : 19926, Doha, Qatar Telephone : +974 44027111 / 129 / 130 / 131 E-mail : [email protected] Fax : +974 44027110 Post Box : 40611, Doha, Qatar E-mail : [email protected] 11 CONSTRUCTION and BUILDING MATERIALS n QIMC - 33.33% Private Sector - 53.65% n NGC - 33.33% QIMC - 46.35% n QNCC - 33.33% Qatar Clay Bricks Company Qatari-Saudi Gypsum Industries Company QCBC is a joint venture company owned by Qatar Industrial QSG is a joint venture company owned by Qatar Industrial Manufacturing Company (QIMC) and other private sector Qatari Manufacturing Company (QIMC). Qatar National Cement Company in Operation companies and individuals. The main activity of the company is to (QNCC) and National Gypsum Company (NGC of Saudi Arabia). The produce Cement Bricks and Pavers. main activity of the company is to market gypsum powder for various purposes. Major construction companies are the main customers of Total investment : QRs.
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