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عربي

Qatar National Cement Company

   (QNCD.DSM)
Also known as: QNCC
Last Trade
111.00QAR
+ 1.65%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Updated: Feb 14, 2011
 
 
 
Country

Qatar

Ownership Type
Company Type
Joint Stock
 
 
 
 
Principal Activities
Manufacture and distribution of clinker, ordinary portland cement, sulphate resistant cement and washed sand cement; production of gypsum powder, lime, sand and calcium carbonate; distribution of gravel and construction materials.
 
Date of Establishment Year
1965 (October)(Operations started in 1969)
 
No of Employees
1,363 Company, N/A Group (As of Feb 10, 2011)
 
Total Production Capacity
12 million tons of washed sand per year 4.5 million tons of cement per year 3.6 million tons of clinker per year
 
22,000 tons of lime per year 250 tons of calcium carbonate per day  
 
Brands
QNCC
 
Factories and Plants
Qatar (6)    
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Qatar SE  QNCD QNCD.DSM Ordinary QAR
 
 
Contact Details
Address:
West Corner Centre
1st Floor
Salwa Street
4th Junction Ring Road
P.O. Box 1333
Doha 
Qatar
 
Tel:
+974 4469-3800
 
Fax:
+974 4469-3900
 
Email:
qatarcement@qatar.net.qa
 
Website:
www.qatarcement.com

 
 
 Business Overview
The Qatar National Cement Company (QNCC) manufactures and distributes clinker, ordinary portland cement, sulphate resistant cement, washed sand cement, hydrated and calcined lime.

QNCC completed its fourth cement plant in May 2009, which increased its daily production capacity of clinker by 5,000 tons to 12,000 tons, and increased its cement capacity by 5,500 tons to 15,500 tons. One of the largest of its kind in the Middle East, the company’s annual production capacity reached 5.5 million tons of cement and 2.5 million tons of clinker, in 2010.

QNCC entered into a 25-year contract, in 2009, to supply the Qatar Electricity and Water Company with calcium carbonate, for which it is building a production unit to be completed in 2010. The company also took preliminary steps to establish a limited liability company, in partnership with the Shuaiba Company of Kuwait and other partners, to build a packaging plant in Qatar to produce paper bags; as of March 2010, there has been no date set for this project.

The company grew its revenues by 7.51% to SAR1.5 billion (USD399 million) and its net profits by 0.82% to SAR417 million (USD111 million), in 2009.
 
 
 Major Shareholders  Section Updated: 15Sep11
Name   Type  Country  Holding 
Government of Qatar  Government Qatar 43.00% 
Public   - 57.00% 
 
 
 Foreign Ownership Limits
 
Owned Permitted
25%
GCC Nationals
 
25%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Qatari Saudi Gypsum Industries Company Qatar 30.00%
Qatar Quarries and Building Materials Company Qatar 20.00%
Agents and Distributors
Name  Country  Holding 
Teyseer Building Materials and Transport Company Qatar -
International Affiliations
Name  Country  Holding 
Arab Union for Cement and Building Materials Syria -
 
 
 Representatives
Auditors
KPMG Qatar  
Banks
Qatar Islamic Bank Qatar International Islamic Bank
BNP Paribas Masraf Al Rayan
 
 
 Financial Results  31-Dec-10  31-Dec-11   Yr on Yr 
  QAR'000 QAR'000 change (%)
Total revenues  1,090,177 989,625 (9.22)
Net profit  466,993 444,651 (4.78)
Total assets 2,607,794 2,618,765 0.42
Paid-up capital 446,369 491,006 10.00
Shareholders' Equity 2,159,738 2,314,982 7.19
Shares outstanding 44,637 49,101 10.00
Market capitalization 5,222,518 5,499,267 5.30
» View Full Financials