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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 | 11.40 | -0.04 (-0.35 |
| IQCD | 12.35 | 0.16 (1.31 |
| ADNOCLS | 4.60 | -0.09 (-1.92 |
| NMDC | 24.86 | 0.42 (1.71 |
| ADPORTS | 3.98 | 0.00 (0.00 |
19/05/2025
The US has pledged up to $60 billion in investments for UAE energy projects, reinforcing a strategic partnership announced during the UAE-US business dialogue with President Donald Trump.
Khaleej Times
16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
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