Company News

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

Industries Qatar’s profit surges

Industries Qatar.
By TRENDS Desk
February 10, 2023 10:43 am
  • The company's board recommended cash dividend of QR 1.1 per share, equivalent to 110 percent of the nominal value of the share
  • Incorporated as a Qatari joint stock company on April, 19, 2003, Industries Qatar has a share capital of QR 6,050 billion

Doha, Qatar – Industries Qatar saw a nine-percent increase in its net profits for 2022, recording QR 8.8 billion ($2.39 billion) versus QR 8.1 billion ($2.17 billion) in 2021, the highest ever net profits since the company was established in 2003.

The conglomerate’s Earnings Per Share (EPS) recorded QR 1.46 on December 31, 2022 compared to QR 1.34 for the same period of the previous year.

The company’s board recommended cash dividend of QR 1.1 per share, equivalent to 110 percent of the nominal value of the share.

Incorporated as a Qatari joint stock company on April, 19, 2003, Industries Qatar has a share capital of QR 6,050 billion.

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