![Industries Qatar (IQ)](https://forbesme-prestaging-media.s3.us-east-2.amazonaws.com/lists/uploads/2021/12/06054922/2-Saad-Sherida-Al-Kaabi.jpg)
Industries Qatar (IQ)
Rank: 2
Sector: Industrials
Date of establishment: 2003
Market value : $26.2 billion
Name: Saad Sherida Al-Kaabi
Designation: Chairman and Managing Director
IQ was incorporated as a Qatari joint stock company in 2003. The IQ Group currently owns 80% of Qatar Petrochemical Company and 50% of Qatar Fuel Additives Company Limited. It also wholly owns the Qatar Steel Company and the Qatar Fertilizer Company. IQ reported $2.6 billion in revenues in the first nine months of 2021. Al-Kaabi is also Qatar’s Minister of State for Energy Affairs and the deputy chairman, president, and CEO of QatarEnergy.