Industries Qatar announced the cancellation of the share repurchase program. A company statement said that, with reference to the Industries Qatar share repurchase program announced on February 25, 2025, the company’s board of directors decided on October 12, 2026 not to proceed with implementing the share repurchase program.
Industries Qatar was established on April 19, 2003 as a Qatari shareholding company, whose main activities are the direct ownership of shares in the following subsidiaries and joint ventures: (1) Qatar Steel Company Q.S.C., a wholly-owned subsidiary, engaged in the production and sale of steel billets and rebar; (2) Qatar Petrochemical Company Limited Q.S.C. (“QAPCO”), a joint venture in which Industries Qatar owns 80%, and is engaged in the production of ethylene, low-density polyethylene, linear low-density polyethylene, and sulfur; (3) Qatar Chemical Fertilizers Company Q.S.C. (“QAFCO”), a 100% owned subsidiary of Industries Qatar, engaged in the production of ammonia and urea; and (4) Qatar Petroleum Additives Company Limited Q.S.C. (“QAFAC”), a joint venture in which Industries Qatar owns 50%, and works in the production of methanol and methyl tert-butyl ether; (5) Qatar Vinyl Company Limited Q.S.C., a joint venture in which Industries Qatar owns 44.8%, specializes in the production of caustic soda, ethylene dichloride, vinyl chloride monomer, and polyvinyl chloride.
The subsidiaries and joint ventures continue to manage their operations independently, through their own management and executive teams.
