Posted on February 16, 2011

Industries Qatar (IQ) , a Qatari Public Joint Stock Company, on Wednesday announced the decision of Qatar Petroleum (QP) board of directors to restructure the IQ's board of directors.According to a press release IQ issued here today, HE Dr. Mohamed Bin Saleh Al Sada has become a Board Chairman and Managing Director and Hamad Rashid Al Muhannadi was appointed Deputy Chairman.

The press release further said that Fahd Hamad Al Muhannadi, Nasser Khalil Al Jaidah ,Saad Sharida Al Ka'abi, Khalifa Abdullah Al Suwaidi and Eissa Hilal Al Kuwari as members.

Industries Qatar QSC is one of Qatar s most dynamic and progressive companies   employing over 3,000 people and with offices all over the world, IQ is also one of Qatar s biggest companies.

IQ's operations span from the metal industry to petrochemicals, and our products are sold in markets as diverse as Australia, India and the United States of America.  The group operates a number of world-class production facilities in Qatar and the United Arab Emirates.

Established in 2003, and enlisted in Qatar Exchange or Bourse four months later, its inception marked the first significant step in the long road of Qatar's industrial diversification program. Its first plant was inaugurated 5 years later, in 1973. Following this, in 1974, both QAPCO and Qatar Steel were incorporated.

Qatar Steel commenced production in 1978, with QAPCO starting 3 years later, in 1981. The youngest of the group companies, QAFAC, was incorporated relatively recently, in 1991, with commercial operations beginning in 1999.
IQ is still growing. Through "Vision 2010" IQ intends to complete a number of ambitious investment projects that will significantly increase the group s production capacity, expand the range of products sold and streamline our current production processes.

At an expected cost to IQ of about QR15 billion, these projects will nearly double our Total Assets.