About

Qatar Aluminum Manufacturing Company (QAMCO) is a Qatari Public Shareholding Company incorporated on December 3, 2018 under commercial registration number 126659. The principal activity of the Company is to operate as a holding company. Headquartered in Doha, Qatar, QAMCO was founded by Qatar Petroleum, as the sole founder, under Article 68 of the Commercial Companies Law, to own its 50% stake in Qatalum, a highly profitable producer of aluminium.

History

The Company is founded by Qatar Petroleum as sole founder under Article 68 of the Commercial Companies Law. H.E. The Minister of Economy and Commerce has issued the decision of the establishment of the Company on 15 October 2018. Qatar Petroleum has transferred its entire equity interest in Qatar Aluminium Limited Q.S.C., an equal joint venture between Qatar Petroleum and Hydro Aluminium of Norway, to QAMCO. Qatar Petroleum has authorised the allotment of an initial issued share capital of QAR 5,580,120,000 divided into 558,011,999 ordinary Shares and one (1) Special Share with a nominal value of ten (10) Qatari Riyal each. QAMCO holds 50% of the issued share capital of Qatar Aluminium (Qatalum). The other 50% of the issued share capital of Qatar Aluminium (Qatalum) will held by Hydro Aluminium Qatalum Holding B.V