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11/10/2017 08:41 AST
Qatar Industrial Manufacturing Company (QIMC) yesterday announced its acquisition of United Development Company's (UDC) stake in Gulf Formaldehyde Company (GFC). As per the deal, the UDC will sell its 400,000 shares in GFC, representing 10 percent of GFC capital, to QIMC. This will increase QIMC's shareholding in Gulf Formaldehyde from 20 percent to 30 percent.
Abdulrahman Al Ansari, Chief Executive Officer of QIMC said: "We are committed to strengthen our investment portfolio in the industrial sector as an active private sector company. QIMC hopes that this transaction will have a positive impact on the company's profits and shareholders' dividend in the long run". GFC was established in 2003, with a capital of QR40m, between QAFCO, QIMC and UDC.
QNA
13/02/2018
Industries Qatar (IQ), one of the region's industrial giants with interests in the production of a wide range of petrochemical, fertilizer and steel products, reported a net profit of QR3.3bn and ear
The Peninsula
12/02/2018
Qatar Industrial Manufacturing Company (QIMC) has posted a net profit of QR206.1m for the year ended December 31, 2017, up from QR193.8m reported a year ago. The total equity of the company's shareho
The Peninsula
20/10/2017
Abraj Al Tahwiliya', Qatar Industrial Manufacturing Company's (QIMC) mixed-use development, is set to be a vibrant new addition to Doha's iconic Corniche skyline, which is expected to be completed by
The Peninsula
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 11.90 | -0.20 (-1.66 |
| IQCD | 13.41 | 0.06 (0.44 |
| ADNOCLS | 4.85 | 0.00 (0.00 |
| ADPORTS | 4.23 | 0.01 (0.23 |
| NMDC | 24.60 | -0.04 (-0.17 |
08/08/2025
Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has delivered a strong top-line growth of 18.7% to AED1,403 million ($381.98 million) in Q2 2025, driven by a 12.1% i
Trade Arabia
08/08/2025
Saudi Arabian Mining Company (Maaden) has reported a 73% jump in its net profit for the first half, which soared to SAR3.47billion ($924 million) from SAR2.01 billion ($535 million) last year, mainly
Trade Arabia
08/08/2025
Market heavyweight Industries Qatar (IQ) - the holding entity of Qatar Petrochemicals, Qatar Fertiliser and Qatar Steel - has reported net profit of QR2bn in the first half (H1) of 2025.
The
Gulf Times
08/08/2025
Aramex reported group revenues of Dh3.06 billion for the first half of 2025, marking a 1% year-on-year increase, as growth in domestic and regional logistics offset weakness in international express
Gulfnews
08/08/2025
Parkin Company PJSC, the city's largest paid public parking provider, reported a record 56% year-on-year rise in Q2 2025 revenue to Dh320 million, driven by higher public parking tariffs, strong enfo
Gulfnews
Financial Information Co.
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