CEO Today Middle East Awards

www.ceotodaymagazine.com 36 CEO Today Middle East Awards 2019 qatar AHMAD SAIF AL-SULAITI Chairman of Mesaieed Petrochemical Holding Co FIRM PROFILE Mesaieed Petrochemical Holding Company Q.P.S.C. (MPHC) is a Qatar- based company operating in the petrochemical sector. MPHC holds 49% of the issued share capital of each of Qatar Chemical Company Limited (“Q-Chem”) and Qatar Chemical Company II Limited (“Q-Chem II”), and 55.2% of the issued share capital of Qatar Vinyl Company Limited Q.S.C. (“QVC”). The combination of these three successful operating ventures under MPHC creates a leading integrated producer of petrochemicals, with world-class production facilities in Qatar. MPHC benefits from significant competitive advantages which include reliable and competitive feedstock supply, low energy costs, an excellent strategic location, a global and diverse customer base, and highly efficient and integrated operations. MPHC is another Qatar national champion in one of the world’s most attractive industries. Petrochemicals provide the raw materials for a large range of industrial and household products. They are the building blocks of a modern, sophisticated economy. MPHC’s attractive growth and dividend profile creates a solid platform that can evolve and take part in future petrochemical development projects. MPHC MISSION STATEMENT To increase the Group’s business portfolio through gains in efficiency and capital investment projects that will result in a significant increase in production capacity and widening of product range. MPHC VISION MPHC is committed to be globally recognized as a world-class provider in petrochemical and other complementary industries with environment consideration to sustain profitable growth in order to maximize shareholder’s return and capital value. MPHC HISTORY Q-Chem I was established on 6 October, 1998 by Emiri Decree No. 20 of 1998 as a joint venture between Qatar Petroleum and CP-Chem for the development, construction, ownership and operation of a world-scale petrochemical project in Qatar and commenced commercial operations on 1 April, 2004. The project facility is located at Mesaieed Industrial City (MIC) in the south-east of Qatar. Q-Chem II was formed on 27 July, 2005 as a joint venture between Qatar Petroleum and CP-Chem for the development, construction, ownership and operation of a world-scale petrochemical project in Qatar and commenced operations on 3 December, 2010. QVC is a Qatari joint stock company formed in 1997 to engage in the business of producing and selling Caustic Soda, EDC and VCM in a ABOUT AHMAD SAIF AL-SULAITI Mr. Ahmad Saif Al-Sulaiti is a mechanical engineer with an extensive management experience of large oil and gas fields operations in Qatar Petroleum. His professional experience extends over 32 years covering various aspects of the oil and gas industry, from fields operations to petrochemicals, and including re-development of existing fields, major projects commissioning, organizational restructuring, manpower management, and economic evaluations and acquisitions. Mr. Al-Sulaiti currently hold the position of Executive Vice President – Operations at Qatar Petroleum. He is the Chairman of the Board of Directors of the Mesaieed Petrochemical Holding Company – MPHC, the Chairman of Woqod, and the Vice-Chairman of Nakilat. He also represents QP on the boards of several Joint ventures. www.mphc.com.qa petrochemical project based at MIC. QVC was established pursuant to a joint venture agreement between Qatar Petroleum, QAPCO, Arkema and Norsk Hydro (each of Arkema and Norsk Hydro having since transferred its equity interest in QVC to Qatar Petroleum). QVC began commercial operations in 2001. MPHC was established in 2013 to be a leading integrated regional producer of petrochemicals by combining QP’s interests in three established and profitable companies: Qatar Chemical Company Ltd. (“Q-Chem I”); Qatar Chemical Company II Ltd. (“Q-Chem II”); and Qatar Vinyl Company (QVC) Limited Q.S.C. (“QVC”). The company was listed on the Qatar Stock Exchange on 26 February, 2014. With effect from 4 November, 2012 a wholly owned company of the government of the State of Qatar, Qatar Chemical and Petrochemical Marketing and Distribution Company Q.J.S.C. (trading as “Muntajat”), assumed the exclusive rights to purchase, market, distribute and sell the State of Qatar’s production of chemical and petrochemical regulated products to the global market. Accordingly, MPHC’s activities related to the marketing, distribution and selling of all of the group’s products were migrated to Muntajat.