Please browse our list of the frequently asked questions for answers to common queries. If you cannot find the answer to your question here, kindly use the email contact form.
What is QAMCO?
QAMCO acts as a holding company for Qatar Petroleum’s shares in Qatalum, a highly profitable producer of aluminium. QAMCO’s sole purpose will be to offer investors the opportunity to participate in Qatar’s aluminium manufacturing sector.
What is QAMCO’s dividend policy?
Subject to the Memorandum of Association and Articles of Association, any decision to pay dividends to Shareholders and the amount of such dividends will be at the discretion and upon the recommendation of the Board. The amount of any dividends may vary from year to year. The distribution of dividends will be dependent upon a number of factors, including the future profit of Qatalum, financial position, capital requirements of Qatalum, legal reserve requirements, distributable reserves, available credit of QAMCO, general economic conditions, and other factors that the directors deem significant from time to time.
Will QAMCO be used to acquire other assets?
There are no plans at this time to acquire other assets.
What is Qatar Petroleum’s long-term plan for its shares in QAMCO?
Qatar Petroleum has no intention to sell its share in QAMCO.
Will be there any impact on the profits due to the current blockade?
The land, sea and air blockade against the State of Qatar by its neighboring countries created new challenges. The company was able to mitigate these challenges and to react quickly to ensure minimal impact on sales. In addition, the opening of the new Hamad Port located near the group’s facilities in Mesaieed aided the company to be more efficient in their distribution operations. All this will result in insignificant impact on the profits.
Do you expect any material changes to the feedstock contract in the near future?
No material changes to the feedstock contract is expected in the near future.
What are the Company’s 2019 budget expectations?
The Budget for 2019 is being developed. However, the company aims to maximize the value to its shareholders.
Any major turnaround planned in 2019?
No major turnaround is planned in 2019
Do you have plans to invest overseas?
Currently, there are no plans to invest overseas.
What are your expansion plan for the next five years?
The Company’s strategy (2019-2023) is being developed. Qamco intends to focus on market development by expanding its geographical footprint, efficiency gains via the on-going cost optimization programs.
How do you see QAMCO over the next five years?
QAMCO will maintain stable operating production and sales volumes with facilities operating at or above their capacity. Therefore, QAMCO’s future financial performance over the next five years is predominantly price driven, with some opportunities available for further optimization.
What is the dividend purification ratio?
In this regard, please refer to the competent authority, namely Zakat Fund, which discloses on their website the purification ratios for the listed companies.