Qatar Industrial Manufacturing Company (QIMC) was established in 1990 with 20%:80% government-private equity interests respectively. The establishment of QIMC was in fact a clear manifestation of the particular attention given by the State of Qatar to the issue of the private sector’s participation in the process of the country’s economic development through investing in small and medium scale industries.

QIMC’s initial authorised capital was set at 200 million QR (US$ 55 million), and was fully paid by 2002. In 2006, capital was increased by 50% to 300 millions QR. In 2009. capital was increased by 20% to 360 QR million. In 2010, capital was further increased by 10% to 396 millions QR.

The Extra-ordinary General Assembly of QIMC held on the 2nd March 2014, approved the distribution of bonus shares equivalent to 20% of the company’s share capital for the year 2013. This amendment increased the Company’s share paid-up capital to QR 475.2 million, distributed over 47,520,000 shares, having a nominal value per share of QR 10, as in 31st December 2014. In 2019, and based on the decision of the Qatar Financial Market Authority, the number of shares was modified to 475,200,000 shares, and the nominal value of each share is QR.1.