In line with its ambitious vision to be universally recognized as a leading and constantly growing force in the steel industry of the region, and in light of its excellent business relations with local financial institutions, Qatar Steel, a wholly owned subsidiary of Industries Qatar (IQ), has signed a subordinated loan facility agreement for a medium-term loan facility of USD 250 million (QAR 912.5 million), with a syndicate of two banks; the International Bank of Qatar (IBQ) and the Union National Bank (UNB). IBQ, the facility agent, will provide USD 150 million (QAR 547.5 million) of the project’s cost with UNB funding the remaining balance of USD100 (QAR 365 million). The loan facility agreement was signed on behalf of Qatar Steel by Mr. Ali Bin Hasan Al-Muraikhi, Director and General Manager, Mr. George Nasra, Managing Director of IBQ and Mr. Ala’ Abu Mughli, Senior Vice President and Country Head of Read more…

In support of the community’s environmental activities, Qatar Steel organized on 19/11/2011 a beach cleaning drive in Al-Wakra, in cooperation with Al Wakra Municipality. About 150 employees from the company have volunteered to participate in this event, which was held under the slogan “preserving the environment is one of our most important goals.” Al Qadisiya Model local primary school for boys has joined Qatar Steel in this drive, with about 50 volunteers. Qatar Steel’s environmental policy aims at preserving the environment and maintaining its cleanliness. As a rule, it communicates with various environmental bodies and authorities, to develop an environmental awareness culture in the society, and to warn all the individuals of the dangers of waste dumps in the coastal areas. Shuttle buses were arranged by the company to transport volunteers to the shore site in Al-Wakra. Volunteers were provided with cleaning tools and equipment, such as gloves garbage bags Read more…

Qatar Steel, the leading company in the domestic and GCC steel industry and the industrial edifice of Qatar, participated in the 40th Anniversary of the founding of the State of Qatar on 19 September 2011. The event was hosted by Qatar Chamber of Commerce and Industry to mark the inauguration of its commemorative book “Four Decades of Economic Development”, which highlights the economic development of the State of Qatar and its private sector. The ceremony was held under the the auspices of HE Sheikh Khalifa Bin Jassim Bin Mohamed Al-Thani, Chairman of Qatar Chamber of Commerce and Industry. The ceremony was attended by VIPs, including ministers and other high profile figures. A brief documentary film highlighting the economic and industrial achievements of Qatar over the last four decades was shown during the event. Later, HE Sheikh Khalifa Bin Jassim Bin Mohamed Al-Thani inaugurated the commemorative Book. The sponsors of the Read more…