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Qatar’s Top 10 Unlisted Companies

Top 10 Unlisted Companies In Qatar

We all are aware that Qatar is one of the richest countries in the world. According to the IMF, Qatar had a per capita income of approx $96,610 in 2020. Petroleum and natural gas play the largest role in its economy. However, you must be aware that Qatar has one of the largest natural gas reserves in the world. Furthermore, Qatar is also hosting FIFA World Cup 2022, which will help Qatar in enhancing its infrastructure and tourism sectors.

Following we are going to talk about the top 10 unlisted popular companies of Qatar, which are making their way into their fortune. 

1. Qatar Investment Authority

Mansoor Bin Ebrahim Al-Mahmoud
  • Sector- Investment
  • CEO- Mansoor Bin Ebrahim Al-Mahmoud
  • Date of Establishment- 2005

Qatar Investment Authority has assets of $354 billion as of November 2021. According to the Sovereign Wealth Fund Institute, it is the tenth-largest wealth fund in the world. The company has invested and bought shares in several companies like German automaker Volkswagen, Swiss commodity firm Glencore, Swiss investment banking company, Credit Suisse, China’s Xpeng Motors, etc. 

2. Qatar Energy

Saad Sherida Al-Kabi
  • Sector- Oild & Gas
  • CEO- Saad Sherida Al-Kabi
  • Date of Establishment- 1974

The company was previously known as Qatar Petroleum and rebranded in October 2021 with Qatar Energy. The company seeks to expand its production capability from 77 million tons to 110 million tons of LNG per year. 

3. Qatar Airways

Akbar Al Baker
  • Sector- Aviation
  • CEO- Akbar Al Baker
  • Date of establishment- 1997

It started as an operation in 1994 as small regional transportation. However, the company got revived in 1997 as an international airline. And at present, it covers more than 140 destinations from Hamad International Airport in Doha. Do you know that Qatar Airways is the official sponsor of FIFA World Cup Qatar 2022?

4. Qatar Diar

Abdullah bin Hamad Al Attiyah
  • Sector- Real Estate
  • CEO- Abdullah bin Hamad Al Attiyah
  • Date of Establishment- 2005

Do you know that Qatar Diar is founded by the Qatar Investment Authority sovereign wealth fund? It has a total investment of approx $35 billion as of 2020. It announces the first phase of its $63.7 million CityGate project in Egypt, which will give employment to around 200,000 individuals. 

5. Hamad Medical Corporation (HMC)

Hanan Mohamed Al Kuwari
  • Sector- Healthcare
  • Managing Director- Hanan Mohamed Al Kuwari
  • Date of Establishment- 1979

Do you know that Hamad Medical Corporation operates 12 hospitals along with the National Ambulance Service and home and residential care services?

6. Al Fardan Group

Omar Hussain Alfardan
  • Sector- Diversified
  • President & CEO- Omar Hussain Alfardan
  • Dare of establishment- 1954

The Al Fardan Group has grown from pearl trading to cover several industries & sectors like property, hospitality, financial exchange, investments, marine services, and healthcare. It also owned various assets and properties like Laguna Beach, Marsa Malaz Kempinski, St. Regis Doha Hotel, Al Gassar Resort, and the Al Sadd Residence.

7. Dukhan Bank

Khalid Al-Subeai
  • Sector- Banking
  • CEO- Khalid Al-Subeai
  • Date of Establishment- 2019

Dukhan Bank was established in 2019 through a coalition between Barwa Bank and the International Bank of Qatar. The bank is one of the biggest Shari’ah-compliant banks in the country with more than 130,000 customers. The bank has assets of $28 billion as of the end of June 2021. This year they also launched their mobile app for digital banking services.

8. Katara Hospitality

Andrew Humphries
  • Sector- Hospitality
  • CEO- Andrew Humphries
  • Date of establishment- 1970

The Katara Hospitality owned or managed 42 hotels across Qatar, Egypt, Morocco, the UK, France, Italy, Spain, Switzerland, the Netherlands, Singapore, Thailand, and the US. The company seeks to have 60 hotels by the end of 2030.

9. Qatar Development Bank (QDB)

Abdulrahman Hesham Al Sowaidi
  • Sector- Banking
  • CEO- Abdulrahman Hesham Al Sowaidi
  • Date of Establishment- 1997

Qatar Development Bank is a government bank. A service was recently launched by the bank under Qatar Export Development Agency to provide export financing, business development, and promotion support to Qatar-based SME exporters.

10. Al Mana Group

Hisham Saleh Al Mana, Kamal Saleh Al Mana and Wissam Saleh Al Mana
  • Sector- Diversified
  • Executive Directors- Hisham Saleh Al Mana, Kamal Saleh Al Mana, and Wissam Saleh Al Mana
  • Date of Establishment- 1951

The Al Mana is a Qatari partnership working with 55 companies in 8 countries with more than 3.500 employees. The Al Mana Group comprises retail, automotive distribution and services, real estate and investments, retail, food & beverage, engineering, technology, media, and entertainment.

Other Articles

Source : Forbes Middle East

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Written by Saleh wasim

Blogger who writes topics such as Employment, News, travel, sports, events and life in Gulf.

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