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4-Traders Homepage  >  Equities  >  DOHA SECURITIES MARKET  >  Industries Qatar Q.S.C.    IQCD   QA000A0KD6K3

INDUSTRIES QATAR Q.S.C. (IQCD)
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Industries Qatar Q S C : to raise non-Qatari ownership limit to 49%

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03/13/2018 | 06:31pm CEST

Industries Qatar to raise foreign non-Qatari ownership limit to 49%

Industries Qatar IQCD 4.58% 106.99 4.69

Mubasher: Industries Qatar on Tuesday announced that the company will increase non-Qatari investors' ownership in the company to 49% from its current 25%.

The decision comes as a response to the call issued by Rashid Al Mansoori, CEO of the Qatar Stock Exchange (QSE), to all the QSE-listed firms to increase non-Qatari share ownership to 49%, according to the company’s statement to the QSE.

Raising foreign ownership in Qatari companies will enhance foreign investment in the Qatari market and develop its mechanisms to become a regional financial centre and capital market that attracts local and regional issuers and investors.

Industries Qatar last said its profits jumped 12.2% to QAR 3.3 billion in 2017 from QAR 2.9 billion in 2016.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( QAR)
Sales 2018 4 964 M
EBIT 2018 662 M
Net income 2018 3 736 M
Finance 2018 8 591 M
Yield 2018 5,20%
P/E ratio 2018 15,42
P/E ratio 2019 14,99
EV / Sales 2018 11,1x
EV / Sales 2019 10,9x
Capitalization 63 534 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 103  QAR
Spread / Average Target -3,9%
EPS Revisions
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HONEYWELL INTERNATIONAL-3.96%109 455
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