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INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING<p>​​</p><p style="text-align:justify;">The Board of Directors of Qatar Fuel Company Q.P.S.C. ("WOQOD") is pleased to invite you to attend the Ordinary General Assembly Meeting to be held on Monday, 8th March 2021 at 06:30 PM through web-meeting, subject to Ministry of Commerce and Industry approval. In the event of any Corona pandemic related changes, the alternative location will be at WOQOD Tower, West Bay, Doha. In case of absence of quorum, the alternative General Assembly Meeting will be held on Wednesday, 10th March 2021 at 06:30 PM through web-meeting, subject to Ministry of Commerce and Industry approval, and the alternative location will be at WOQOD Tower, West Bay, Doha.</p><p style="text-align:justify;"> </p><p style="text-align:justify;"><strong>Agenda of the Annual General Assembly Meeting:</strong></p><ol><li>Opening Speech by the Chairman of the Board of Directors.</li><li>Present and approve the Board of Directors report for the year ended on 31st December 2020. </li><li>Discuss and approve the External Auditors' Report on the Financial Statements for 2020.</li><li>Discuss and approve the Financial Statements for 2020. </li><li>Approval of recommendation of the Board to distribute cash dividend for the year 2020.</li><li>Discuss and approve the Corporate Governance Report for the year 2020.</li><li>Discharging members of the Board of Directors from responsibility for the year 2020 and determining their remuneration.</li><li>Approval of the appointment of external auditors and their remuneration for the year 2021.</li></ol><p style="text-align:left;">                                                                                                                                                                                                                                            <strong>Ahmad Saif Al-Sulaiti</strong></p><p style="text-align:left;">                                                                                       Chairman of the Board of Directors</p><p style="text-align:justify;">Note:</p><ul><li>Exclusively for the inspection of the shareholders, a detailed statement will be available at WOQOD Tower 7 days before the AGM, showing the remuneration, attendance fees of meetings and expenses, allowances and privileges received in kind by the Chairman and each member of the Board of Directors.</li><li>All shareholders are requested to be present at the venue of the meeting one hour before the start time of the meeting, to register their attendance.</li><li>A shareholder may appoint another shareholder to attend meeting on his behalf, using the proxy form available <strong><a href="/EN/AboutUs/InvestorRelations/Documents/AGM/Proxy%20form%20-%202021.pdf"><span class="ms-rteForeColor-2">here</span>​</a></strong>, duly signed. In case of company, the proxy form must be signed by the authorized person(s) and company stamp must be affixed.</li><li>It is not permitted to grant proxy to a non-shareholder or to a member of Board of directors. The number of shares held by a proxy holder must not exceed 5% of the Paid up capital (49,712,788 shares).</li><li>Dividends will be distributed from the <span style="text-decoration:underline;"><strong>next working day</strong></span> after approval of the AGM and can be collected from any QNB branch.</li><li>This invitation shall be considered as a legal invitation for all shareholders without the need to send private invitations through mail in accordance with Law No. (11) For 2015.​​​</li></ul>INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING2/23/2021 10:00:00 PM
“WOQOD” Opens Al Mearad-3 New WOQOD Petrol Station<p>​</p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Al Mearad-3 New WOQOD Petrol Station </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 22/02/2021. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Al Mearad -3 petrol station, on Monday 22/02/2021, and by this it raised its network of petrol stations to <strong>109</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new petrol station in Al Mearad-3, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Al Mearad-3 WOQOD petrol station is spread over an area of <strong>15400</strong> square meters and has <strong>3</strong> lanes with <strong>9</strong> dispensers for light vehicles, which will serve Al Mearad, and its neighborhood.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Al Mearad-3 petrol station offers round-the-clock services to residents, and includes Sidra convenience store, manual car wash, oil change and tire repair, for Light Vehicles and sale of LPG cylinders "SHAFAF", in addition to sale of gasoline and diesel products for light vehicles</p><p style="text-align:justify;"> </p><p style="text-align:justify;"> </p><p style="text-align:center;">-Ends-</p>"WOQOD" Opens Al Mearad-3 New WOQOD Petrol Station 2/21/2021 10:00:00 PM
Alert of fake mails resembling WOQOD Company.<p>​</p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:18pt;"><strong><font color="#000000">Fake E-mail Alert</font></strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:14pt;"><strong><font color="#000000"><span><font face="Arial" size="5"> </font></span>Beware of fake mails resembling WOQOD</font></strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000">It has been brought to WOQOD’s notice that an e-mail scam campaign is active whereby </font><a name="_Hlk62394719"><font color="#000000" face="Arial" size="2">Contractors & Suppliers in Qatar </font></a><font color="#000000">are invited for an illegitimate Tender purporting to originate from Qatar Fuel (WOQOD) with huge value projects and asking Contractors & Suppliers to pay</font></span><font color="#000000"><span lang="EN-GB"><font face="Times New Roman" size="3"> </font></span><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><strong>Security Fees</strong></span><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;">. WOQOD would like to caution Contractors & Suppliers in Qatar to undertake due diligence before engaging in such fraudulent e-mails.</span></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000">WOQOD also publishes Tender on its Website<span><font face="Arial" size="2">  </font></span></font></span><span lang="EN-GB"><a href="https://www.woqod.com/EN/Business/Tenders/Pages/default.aspx"><span style="font-family:"arial",sans-serif;font-size:10pt;"><span style="text-decoration:underline;"><font color="#0000ff">https://www.woqod.com/EN/Business/Tenders/Pages/default.aspx</font></span></span></a></span><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000">.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000">WOQOD is committed to providing all customers with reliable, professional & innovative solutions through friendly, excellent & convenient services and to demonstrate accountability for all WOQOD activities.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><strong><font color="#000000">Best Regards,</font></strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><strong><font color="#000000"> </font></strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><strong><font color="#000000">Public Relation- WOQOD</font></strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font>Alert of fake mails resembling WOQOD Company.1/25/2021 10:00:00 PM
WOQOD achieves QR 707 million at the end of the fiscal year 2020.<p>​</p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:normal;"><font face="Cambria"><span style="color:windowtext;font-size:11pt;"><strong>Doha, Qatar • 20 January 2021</strong></span><span style="color:windowtext;font-size:11pt;"> </span></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:normal;"><span style="color:windowtext;font-family:"garamond",serif;font-size:10pt;"><strong> </strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span style="text-decoration:underline;"><span style="color:windowtext;line-height:150%;font-family:"times new roman",serif;font-size:14pt;"><strong>WOQOD achieves QR 707 million at the end of the fiscal year 2020</strong></span></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span style="text-decoration:underline;"><span style="line-height:150%;font-size:14pt;"><span style="text-decoration:none;"><strong><font color="#000000" face="Times New Roman" size="5"> </font></strong></span></span></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:130%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">Qatar Fuel Company, hereinafter referred to as (WOQOD) <span lang="AR-QA"><font color="#000000" face="Times New Roman">‎</font></span>or “WOQOD Group” or “the Group”, with code name “QFLS” on Qatar Exchange, a company with an exclusive concession in the State of Qatar to distribute, sell, transport and market refined petroleum products & (including) , airports and seaports, either by itself or through subsidiary <span lang="AR-QA"><font color="#000000" face="Times New Roman">‎</font></span>companies “QJET, FAHES & WOQOD Marine”<font color="#000000"><font face="Times New Roman"><span lang="AR-QA" dir="RTL">, </span><span lang="AR-QA"><span> </span></span></font></font>announced that its Board of Directors had held its annual meeting at 1:30 pm. on Wednesday, January 20</font><sup><font color="#000000" face="Times New Roman" size="2">th</font></sup><font size="3"> 2021, under the chairmanship of Mr. Ahmed Saif Al-Sulaiti. In accordance with the official directives issued with the aim of combating the spread of the coronavirus "Covid-19", the meeting was held remotely through the utilization of a Video Call</font></span><font size="3"><span lang="AR-QA" dir="RTL" style="color:windowtext;font-family:"times new roman",serif;">‏ ‏</span><span style="color:windowtext;font-family:"times new roman",serif;">facility,<span lang="AR-QA"><font color="#000000" face="Times New Roman">‎</font></span> where the Board discussed and approved – inter alia- <span><font color="#000000" face="Times New Roman"> </font></span>the performance of the company's business operations and financial results of WOQOD Group for the fiscal year ended on December 31, 2020 ,compared to the results achieved in the year 2019.</span></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:130%;"><span style="line-height:130%;font-size:12pt;"><font color="#000000" face="Times New Roman">WOQOD Group net profit for 2020 (excluding minority rights) amounted to QR. 707 million, compared to an amount of QR 1.216 million achieved in the past year 2019, representing a decrease rate of 42%. Earning by share for the period amounted to QR. 0.71, compared to QR 1.22 for the past year, while Shareholders Equity decreased by about 1.3% to reach about 8.6 billion riyals compared to 8.7 billion riyals for 2019. The decline in net profit and earnings per share was attributed to the slowdown caused by the spread of the Covid-19 corona pandemic, which the company managed to reduce its negative impacts by taking several proactive steps and initiatives to ensure continuity of its business under these critical circumstances, in addition to the continuation of the company’s efforts to implement its policy of increasing efficiency and rationalizing expenditures, which had a significant impact on reducing the decline in profits achieved compared to 2019.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:130%;"><span style="line-height:130%;font-size:12pt;"><font color="#000000" face="Times New Roman">The CEO and Managing Director has stated that there was an upward trend in results for the third and fourth quarters of 2020 driven by increased fuel sales and the market recovery from Corona virus “Covid-19” pandemic impacts.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:130%;"><span style="line-height:130%;font-size:12pt;"><font color="#000000" face="Times New Roman">Based on the company's profits in 2020, and taking into account the requirements of current and future projects that the company intends to establish through the approved five-year business plan, the Board has recommended to the company's Annual Shareholders General Assembly scheduled for 08/03/2021 to approve a dividend distribution to shareholders of 0.46 QR per share.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">In terms of the company's operations, Mr. Saad Rashid Al Muhannadi, CEO and Managing Director, explained that year 2020 witnessed a decrease in total sales of petroleum products by about 21%, compared to the same period in 2019, due to supply and demand factors and the negative effects of the Corona "Covid-19" pandemic, where diesel sales decreased by 9%, Super gasoline by 10%, premium gasoline by 9%, jet fuel by -33%, bitumen by 60%, LPG by 3%, and oil retail sales across gas stations decreased by 2% compared to the year 2019 results. On the other hand, sales of bunker fuel and natural gas increased by 7% and 13%, respectively, compared to the same period in 2019, while non-oil retail sales revenues, including Sidra sales, increased by 11%, due to the opening of several new petrol stations. In this regard, Al Muhannadi pointed out that the company has supported the non-oil retail services sector by marketing its automotive service products (oils and greases) through tie-up with international manufacturers of these products.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">The Board reviewed and approved the current and future projects that the company plans to establish, where the company has opened one technical inspection center, and 12 new petrol stations, thus increased the number of stations operating by the end of 2020 to 108 stations, and the number of technical inspection centers reached 12 centers. The first quarter of 2021 will witness the completion of the construction and operation of three new stations, in addition to five (5) other stations to be completed in year 2021. Mr. Al-Muhannadi explained that the company has a dynamic plan for the construction of new petrol stations, which will be periodically reviewed according to the demand conditions and the need for petrol stations. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">Based on the expansion of the petrol stations construction as mentioned above, the share of WOQOD in the petroleum retail market increased by 3% to about 85% compared to the previous year 2019.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">The company also opened and operated a number of 20 Sidra Stores for consumer products, including three Sidra Stores in the metro stations. In order to enhance the bunkering service and in coordination with Qatar Petroleum, WOQOD has purchased two ships to serve ships visiting Qatari ports, bringing the number of vessels owned by WOQOD to ten (10), resulting in a record number of sales of fuel since the establishment of the company, where the total sales by the end of 2020 amounted to about 949 metric tons.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">Al-Muhannadi also referred to the actions taken by WOQOD Group towards the Qatarization of jobs, the implementation of the Service Localization Initiative, and the measures taken towards combating the Corona virus pandemic, where WOQOD continued to work closely with the relevant authorities to reduce the negative effects of the pandemic, and thereby enabling WOQOD to ensure the continuous and regular supply of refined petroleum products and gas to all sectors in Qatar, in line with the applicable health, security, safety and environmental health procedures and standards.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">It is worth mentioning that WOQOD ranked first at level of the Qatar Stock Exchange in terms of compliance with environmental, social and governance requirements (ESG) according to the standards adopted in this regard.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000"><font face="Times New Roman">In conclusion, Al Muhannadi assured that the company’s management and its board of directors will exert <span lang="AR-QA"><font size="3">‎</font></span>all efforts to maintain and enhance the service levels and profit status of the company, to achieve its vision <span lang="AR-QA"><font size="3">‎</font></span>mission and strategic goals as a pioneer downstream oil and gas company at the regional level and to build <span lang="AR-QA"><font size="3">‎</font></span>a modern,<span><font size="3">  </font></span>robust and state-of-the-art petroleum products distribution sector within the country, in order to <span lang="AR-QA"><font size="3">‎</font></span>keep up with the general policy of the State of Qatar in the modernization of infrastructure facilities, and to <span lang="AR-QA"><font size="3">‎</font></span>provide the best services according to the best QHSSE standards, and achieve the best results for its valued <span lang="AR-QA"><font size="3">‎</font></span>shareholders.<span lang="AR-QA"><font size="3">‎</font></span></font></font></span></p><font color="#000000" face="Times New Roman" size="3"> </font>WOQOD achieves QR 707 million at the end of the fiscal year 20201/19/2021 10:00:00 PM
“WOQOD” Opens Lebsayyer New WOQOD Petrol Station<p>​</p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Lebsayyer New WOQOD Petrol Station </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 31/12/2020. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Lebsayyer petrol station, on Thursday 31/12/2020, and by this it raised its network of petrol stations to <strong>108</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new petrol station in Lebsayyer, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Lebsayyer WOQOD petrol station is spread over an area of <strong>10,800</strong> square meters and has <strong>4</strong> lanes with <strong>8</strong> dispensers for light vehicles, which will serve Lebsayyer area, and its neighborhood.</p><p style="text-align:justify;"> </p><p>Lebsayyer petrol station offers round-the-clock services to residents, and includes Sidra convenience store, Manual car wash, Oil change and Tyre repair, for Light Vehicles and sale of LPG cylinders "SHAFAF", in addition to sale of gasoline and diesel products for light vehicles.​</p>"WOQOD" Opens Lebsayyer New WOQOD Petrol Station12/30/2020 10:00:00 PM
"WOQOD" Opens Al Mearad -4 New WOQOD Petrol Station<p>​</p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Al Mearad -4 New WOQOD Petrol Station </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 23/12/2020. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Al Mearad-4 petrol station, on Wednesday 23/12/2020, and by this it raised its network of petrol stations to <strong>107</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new petrol station in Al Mearad-4, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Al Mearad-4 WOQOD petrol station is spread over an area of <strong>8000</strong> square meters and has <strong>4</strong> lanes with <strong>8</strong> dispensers for light vehicles, which will serve Al Mearad area, and its neighborhood.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Al Mearad-4 petrol station offers round-the-clock services to residents, and includes Sidra convenience store, and sale of LPG cylinders "SHAFAF", in addition to sale of gasoline and diesel products for light vehicles</p>"WOQOD" Opens Al Mearad -4 New WOQOD Petrol Station 12/22/2020 10:00:00 PM
“WOQOD” partnered with talabat home delivery<p>​</p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" partnered with talabat home delivery</strong></span></p><p style="text-align:center;"><span lang="EN" style="text-decoration:underline;"><strong><br></strong></span></p><p>Doha – 29/10/2020. WOQOD's SIDRA, Qatar's leading home-grown convenience store, partnered with talabat home delivery to enhance its e-shopping offering for customers.</p><p> </p><p>The partnership follows an increased demand for online shopping, offering customers a contactless shopping experience, by delivering essential and fresh products to their homes at the click of a button. Sidra's expansion into online delivery comes as convenience stores look for new, safe ways to serve customers following the COVID-19 pandemic.</p><p> </p><p>"Sidra's contactless home delivery service is now rolled out at 30 selected locations. As we continue to make things as accessible as possible for our customers, we want to ensure they have access to the essentials they need safely and conveniently", Saad Rashid Al Muhannadi, Managing Director & CEO at WOQOD said.</p>"WOQOD" partnered with talabat home delivery10/28/2020 10:00:00 PM
WOQOD achieves QR 429 million at the end of the Third Quarter of the year 2020<p>​</p><p style="text-align:center;"><strong>Doha, Qatar • 14 October 2020</strong> </p><p style="text-align:center;"><strong> </strong></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong>WOQOD achieves QR 429 million at the end of the Third Quarter of the year 2020</strong></span></p><p>Qatar Fuel Company, hereinafter referred to as (WOQOD) ‎or "WOQOD Group" or "the Group", with the code name "QFLS" on Qatar Stock Exchange, a company with an exclusive concession in the State of Qatar to distribute, sell, transport and market refined petroleum products & gas within State of Qatar including to airports and seaports, either by itself or through subsidiary ‎companies "QJET, FAHES and WOQOD Marine",  announced that its Board of Directors had held a meeting at 1:30 pm. on Wednesday, October 14<sup>th</sup> 2020 under the chairmanship of Mr. Ahmed Saif Al-Sulaiti. In order to comply with governmental restrictions issued to combat the spread of Corona Virus (COVID-19), the meeting was held remotely through the utilization of a Video Call facility. The Board discussed the performance of the business operations and the financial results of WOQOD Group at the end of Third Quarter of the year 2020 ended on 30 September 2020, compared to the results achieved in the corresponding period of the year 2019.</p><p>Mr. Saad Rashid Al-Muhannadi WOQOD Managing Director & Chief Executive Officer‎ explained that ‎WOQOD Group's net profits and overall sales volumes have witnessed a considerable increase in the Third Quarter of the year 2020 compared to the Second Quarter of the same year.</p><p>He also explained that WOQOD Group's net profit for the period (excluding minority rights) amounted to QR. 429 million, compared to an amount of QR. 872 million achieved in the same period of the year 2019, with a decrease of QR. 443 million, representing a decrease rate of 51%. The earning per share for the period amounted to QR. 0.43 per share compared to QR. 0.88 for the same period of last year.</p><p>The decrease of the net profits and earning per share for the period were partly attributed to the market slow down prompted by COVID-19 spread.</p><p>With regard to the company's operations, Mr. Al-Muhannadi‎ explained that the company overall sales of petroleum products decreased by 23% as compared to the same period of last year driven by the negative impact of COVID-19 pandemic. Diesel, Super Gasoline and Premium Gasoline sales decreased by 11%, 14%, and 9% respectively, and Jet fuel volumes decreased by 34% driven by the reduced operations of the airlines due to the suspension of air traffic in most countries globally. Bitumen sales have decreased by 64% driven by macro-economic factors, COVID-19 pandemic and the completion of the major projects. The LPG sales decreased by 3% compared to the same period of 2019. Refined Petroleum Products retail sales from petrol stations decreased by 3% compared to the same period of last year driven by micro-economic factors as well as the negative impact of COVID-19 pandemic.</p><p>On the other hand, he explained that  Bunkering fuel "HFO" increased by 18%, natural gas sales increase by 9% compared to the same period in 2019, and retail non-fuel revenue, including Sidra sales, increased by 11% as compared to the same period of the last year driven by the opening of new stations.</p><p>In the field of the petrol stations project Mr. Al Muhannadi pointed out that the petrol stations operated by  "WOQOD" as of October 15<sup>th </sup>2020  totaled to 106 stations, whereas the company intends to add five (5) more stations by the end of the current year 2020.  </p><p>For the purpose of improving the profitability of the company Mr. Al-Muhannadi indicated that the company will continue to increase the levels of implementation of its efficiency and cost optimization initiatives as this will further improve the returns for the company and its shareholders. </p><p>In conclusion, Al-Muhannadi indicated that WOQOD had and still being working closely with its partners to coordinate the implementation of all the governmental directives issued in furtherance of combating the spread and the negative effects of COVID-19. He added that despite the challenges of Corona virus impact WOQOD being the sole downstream oil and gas company responsible for securing a continuous and sustainable supply of petroleum products and gas to all sectors within the State of Qatar, was left with no choice but to implement a flexible and effective business plan to ensure the continuity of the supply activities throughout the country on regular basis and in line with the health safety security, and environmental sanitation procedures and standards for the time being in force in the petroleum products industry, where the Group is persistently communicating and coordinating with entities of competent jurisdiction in order to implement the best standards and measures issued in this regard.​</p>WOQOD achieves QR 429 million at the end of the Third Quarter of the year 202010/13/2020 10:00:00 PM
“WOQOD” Opens Al Wajba -3 New WOQOD Petrol Station<p>​​</p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Al Wajba -3 New WOQOD Petrol Station </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 04/10/2020. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Al Wajba -3 petrol station, on Sunday 04/10/2020, and by this it raised its network of petrol stations to <strong>106</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new petrol station in Al Wajba -3, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Al Wajba -3 WOQOD petrol station is spread over an area of 15500 square meters and has 3 lanes with 9 dispensers for light vehicles, which will serve Al Wajba -3 area, and its neighborhood.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Al Wajba -3 petrol station offers round-the-clock services to residents, and includes Sidra convenience store, manual car wash, oil change and tire repair, for light vehicles and sale of LPG cylinders "SHAFAF", in addition to sale of gasoline and diesel products for light vehicles.</p>"WOQOD" Opens Al Wajba -3 New WOQOD Petrol Station10/3/2020 10:00:00 PM
“WOQOD” Opens Al Mazrouah New WOQOD Petrol Station & FAHES.<p></p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Al Mazrouah New WOQOD Petrol Station & FAHES, </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 09/08/2020. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Al Mazrouah WOQOD petrol station & FAHES, on Sunday 09/08/2020, and by this it raised its network of petrol stations to <strong>105</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: </p><p style="text-align:justify;">We are pleased to open a new WOQOD petrol station & FAHES in Al Mazrouah, aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Al Mazrouah WOQOD petrol station & FAHES is spread over an area of 40000 square meters, WOQOD petrol station has 2 lanes with 4 dispensers for Heavy Vehicles, which will serve Al Mazrouah area, and its neighborhood. In addition to FAHES has 2 lanes for light vehicle inspection and 12 lanes for trucks.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Al Mazrouah WOQOD petrol station offers round-the-clock services to costumer, and include Trucks Manual Car Wash, Oil Change and Tire Repair for Trucks, in addition to sale of diesel products for Trucks.</p><p style="text-align:justify;"> </p><p style="text-align:center;"> </p>“WOQOD” Opens Al Mazrouah New WOQOD Petrol Station & FAHES.8/8/2020 10:00:00 PM
Eid Mubarak<p>Eid Mubarak​</p>​Eid Mubarak7/29/2020 10:00:00 PM
Finance Team Availability during Eid Al-Adha 2020 Holiday<p>​Finance Team Availability during Eid Al-Adha 2020 Holiday</p>Finance Team Availability during Eid Al-Adha 2020 Holiday7/28/2020 10:00:00 PM
WOQOD achieves QR 270 million at the end of the First Half of the year 2020<p>​</p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:normal;"><font face="Cambria"><span style="color:windowtext;font-size:11pt;"><strong>Doha, Qatar • 15 July 2020</strong></span><span style="color:windowtext;font-size:11pt;"> </span></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:normal;"><span style="color:windowtext;font-family:"garamond",serif;font-size:10pt;"><strong> </strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span style="text-decoration:underline;"><span style="color:windowtext;line-height:150%;font-family:"times new roman",serif;font-size:14pt;"><strong>WOQOD achieves QR 270 million at the end of the First Half of the year 2020</strong></span></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">Qatar Fuel Company, hereinafter referred to as (WOQOD) <span lang="AR-QA"><font color="#000000" face="Times New Roman">‎</font></span>or “WOQOD Group” or “the Group”, with the code name “QFLS” on Qatar Stock Exchange, a company with an exclusive concession in the State of Qatar to distribute, sell, transport and market refined petroleum products & gas within State of Qatar<span dir="RTL"><font color="#000000" face="Times New Roman"> </font></span>including to airports and seaports, either by itself or through subsidiary <span lang="AR-QA"><font color="#000000" face="Times New Roman">‎</font></span>companies “QJET, FAHES and WOQOD Marine”<font color="#000000"><font face="Times New Roman"><span lang="AR-QA" dir="RTL">, </span><span lang="AR-QA"><span style=""> </span></span></font></font>announced that its Board of Directors had held its Third meeting for the year 2020 at 1:30 pm. on Wednesday, July 15</font><sup><font color="#000000" face="Times New Roman" size="2">th</font></sup><font size="3"> 2020 under the chairmanship of Mr. Ahmed Saif Al-Sulaiti. In order to comply with governmental restrictions issued to combat the spread of Corona Virus (COVID-19), the meeting was held remotely through the utilization of a Video Call<span dir="RTL"><font color="#000000" face="Times New Roman"> </font></span>facility. The Board discussed the performance of the business operations and the financial results of WOQOD Group for the First Half of the year 2020 ended on 30 June 2020, compared to the results achieved in the corresponding period of the year 2019.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">WOQOD Group’s net profit for the period (excluding minority rights) amounted to QR. 270 million, compared to an amount of QR. 548 million achieved in the same period of the year 2019, with a decrease of QR. 278 million, representing a decrease of 51%. The earning per share for the period amounted to QR. 0.27 per share compared to QR. 0.55 for the same period of last year.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">The decrease of the net profits and earning per share for the period were partly attributed to the market slow down prompted by COVID-19 spread and partly to supply and demand factors on petroleum products. The decrease of petroleum product distribution margins is also one of the factors that have participated in net profits and earning per share decrease.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">With regard to the company's operations, he explained that the company overall sales of petroleum products decreased by 22% as compared to the same period of last year driven by the COVID-19 impact. Diesel and Super Gasoline sales decreased by 12% and 22% respectively, Premium Gasoline sales decreased by 14%, and Jet fuel volumes decreased by 28% driven by the reduced operations of Qatar Airways and Private Airlines due to the suspension of air traffic in most countries globally. Bitumen sales have decreased by 66% driven by market situations, COVID-19 pandemic and the completion of the major projects. The LPG sales decreased by 3% compared to the parallel period of 2019, and the decrease is attributed to the factors of supply and demand. Refined Petroleum Products retail sales from petrol stations decreased by 8% compared to the same period of last year as a consequence of the low consumption prompted by COVID-19 pandemic. <span style=""><font color="#000000" face="Times New Roman"> </font></span></font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">On the other hand, he explained that<span style=""><font color="#000000" face="Times New Roman">  </font></span>Bunkering fuel increased by 12% compared to the same period in 2019, and retail non-fuel revenue, including Sidra Sales, increased by 8% as compared to the same period of the last year driven by the opening of new stations and higher footfall in C-stores.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">In the field of the petrol stations project and the company newly acquired assets, he pointed out that the petrol stations operated by <span style=""><font color="#000000" face="Times New Roman"> </font></span>“WOQOD” at the end of June 2020 <span style=""><font color="#000000" face="Times New Roman"> </font></span>totaled to 104 stations, whereas the company intends to add eight (8) more stations by the end of the current year 2020. He also explained that the Group during the Second Quarter of 2020 had acquired two new bunker fuel ships to support the ship bunkering activity that the Group is performing in cooperation, coordination and partnership with Qatar Petroleum. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">For the purpose of improving the profitability of the company Mr. Saad Rashid Al-Muhannadi WOQOD Managing Director & Chief Executive Officer, indicated that the company will continue to increase the levels of implementation of its efficiency and cost optimization initiative as this will further improve the returns for the company and its shareholders. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">In conclusion, Al-Muhannadi indicated that WOQOD has been working closely with its partners to coordinate the implementation of all the governmental directives issued in furtherance of combating the spread and the negative effects of COVID-19. At the same time, WOQOD had, being the sole downstream oil and gas company responsible for securing a continuous and sustainable supply of petroleum products and gas to all sectors within the State of Qatar, issued and applied a suitable, flexible and effective business plan to ensure the continuity of the supply activities throughout the country on regular basis and in line with the health safety security, and environmental sanitation procedures and standards for the time being in force in the petroleum products industry, where the Group is persistently communicating and coordinating with entities of competent jurisdiction in order to implement the best standards and measures issued in this regard.</font></span><em><span style="color:windowtext;line-height:115%;font-family:"sakkal majalla";font-size:11pt;"> </span></em></p><font color="#000000" face="Times New Roman" size="3"> </font>WOQOD achieves QR 270 million at the end of the First Half of the year 20207/14/2020 10:00:00 PM
Eid Mubarak<p>​Eid Mubarak</p>Eid Mubarak5/22/2020 10:00:00 PM
During Eid Al-Fitr 2020 holidays the below WOQOD Finance team will be available for any customer support.<p>​During Eid Al-Fitr 2020 holidays the below WOQOD Finance team will be available for any customer support.</p>During Eid Al-Fitr 2020 holidays the below WOQOD Finance team will be available for any customer support.5/18/2020 10:00:00 PM
WOQOD Opens Umm Slal New Petrol Station<p><font color="#000000" face="Times New Roman" size="3"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:14pt;"><font color="#000000">Doha –<span dir="RTL"><font face="Arial" size="5"> </font></span>10/05/2020. As part of WOQOD’s ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel “WOQOD” opened Umm Slal petrol station, on Al Majd Road, on Sunday 10/05/2020, and by this it raised its network of petrol stations to <strong><font face="Arial" size="5">105</font></strong>.</font></span></font><font color="#000000" face="Times New Roman" size="3"> </font></p><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:4pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:14pt;"><font color="#000000">WOQOD’s Managing Director & CEO, Saad Rashid Al Muhannadi, said: “We are pleased to open a new petrol station in Umm Slal, Al Majd Road, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project.”</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:4pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:14pt;"><font color="#000000">New Umm Slal petrol station is spread over an area of 28000 square meters and has 4 lanes with 8 dispensers for light vehicles, and 2 lanes with 4 dispensers for Heavy Vehicles, which will serve Umm Slal area, Al Majd Road and its neighborhood.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:5pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:14pt;"><font color="#000000">Umm Al Slal petrol station offers round-the-clock services to residents, and includes Sidra convenience store, manual car wash, oil change and tyre repair, for Light Vehicles and sale of LPG cylinders “SHAFAF”, in addition to sale of gasoline and diesel products for light vehicles and Heavy Vehicles.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font>WOQOD” opened Umm Slal petrol station, on Al Majd Road, on Sunday 10/05/2020, and by this it raised its network of petrol stations to 105.5/9/2020 10:00:00 PM
WOQOD held its Annual General Assembly Meeting<font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 8pt;"><font face="Calibri"><font color="#000000"><span style="line-height:107%;font-size:14pt;">Qatar Fuel Company (WOQOD) held its Annual General Assembly Meeting</span><font size="3"> at 4:30 pm on Wednesday 22/04/2020 at WOQOD Tower via video online technology.</font></font></font></p><font color="#000000" face="Times New Roman" size="3"> </font>WOQOD held its Annual General Assembly Meeting4/21/2020 10:00:00 PM
“WOQOD” Opens Umm Al Juwashen New Petrol Station<p>​<font color="#000000" face="Times New Roman" size="3"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:14pt;"><font color="#000000">Doha –<span dir="RTL"><font face="Arial" size="5"> </font></span>20/04/2020. As part of WOQOD’s ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel “WOQOD” opened Umm Al Juwashen petrol station, on Al Majd Road, on Monday 20/04/2020, and by this it raised its network of petrol stations to <strong><font face="Arial" size="5">104</font></strong>.</font></span></font><font color="#000000" face="Times New Roman" size="3"> </font></p><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:4pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:14pt;"><font color="#000000">WOQOD’s Managing Director & CEO, Saad Rashid Al Muhannadi, said: “We are pleased to open a new petrol station in Umm Al Juwashen, Al Majd Road, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project.”</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:4pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:14pt;"><font color="#000000">New Umm Al Juwashen petrol station is spread over an area of 40000 square meters and has 4 lanes with 8 dispensers for light vehicles, and 3 lanes with 6 dispensers for Heavy Vehicles, which will serve Umm Al Juwashen area, Al Majd Road and its neighborhood.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:5pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:14pt;"><font color="#000000">Umm Al Juwashen petrol station offers round-the-clock services to residents, and includes Sidra convenience store, manual car wash, oil change and tire repair, for Light & Heavy Vehicles and sale of LPG cylinders “SHAFAF”, in addition to sale of gasoline and diesel products for light vehicles and Heavy Vehicles.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font>Qatar Fuel “WOQOD” opened Umm Al Juwashen petrol station, on Al Majd Road4/19/2020 10:00:00 PM
INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING<p style="text-align:justify;">The Board of Directors of Qatar Fuel Company Q.P.S.C. ("WOQOD") is pleased to invite you to attend the Annual General Assembly Meeting to be held on Wednesday, 22<sup>nd</sup> April 2020 at 04:30 PM at WOQOD Tower. In case of absence of quorum, the alternative meeting will be held on Wednesday, 29<sup>th</sup> April 2020 at 09:30 PM at same location. </p><p style="text-align:justify;"> </p><p style="text-align:justify;"><strong>Agenda of the Annual General Assembly Meeting:</strong></p><ol style="list-style-type:decimal;"><li>Opening Speech by the Chairman of the Board of Directors.</li><li>Present and approve the Board of Directors report for the year ended on 31st December 2019. </li><li>Discuss and approve the External Auditors' Report on the Financial Information 2019.</li><li>Discuss and approve the Financial Statements for 2019. </li><li>Approval of recommendation of the Board to distribute cash dividends of 80% for the year 2019.</li><li>Discuss and approve the Corporate Governance Report for the year 2019.</li><li>Consider discharging the members of the Board of Directors and approve their remuneration.</li><li>Election of four members of the Board of Directors for the period from 2020 to 2022.</li><li>Re-appoint the external auditor for the year 2020.</li></ol><p style="text-align:justify;">Please note that registration to attend the meeting and voting to elect members of the Board of Directors require the presence of the Shareholder or his proxy in person from 02:30 p.m. on the date of the meeting. After registration and voting, the Shareholder or his proxy may leave and he will be invited on the same day to participate in the online meeting to discuss decisions and voting. </p><p style="text-align:justify;">                                                                                                       <strong>Ahmad Saif Al-Sulaiti</strong></p><p style="text-align:justify;">                                                                                          Chairman of the Board of Directors</p><p style="text-align:justify;">Note:</p><ul style="list-style-type:disc;"><li>A shareholder may appoint another shareholder to attend meeting on his behalf, using the proxy form available on company's website (www.woqod.com), duly signed. In case of company, the proxy form must be signed by the authorized person(s) and company stamp must be affixed.</li><li>It is not permitted to grant proxy to a non-shareholder or to a member of Board of directors. The number of shares held by a proxy holder must not exceed 5% of the Paid-up capital (49,712,788 shares).</li><li>Dividends will be distributed from the <span style="text-decoration:underline;"><strong>next working day</strong></span> after being approved at the AGM and can be collected from any QNB branch.</li><li>This invitation shall be considered as a legal invitation for all shareholders without the need to send private invitations through mail in accordance with Law No. (11) For 2015.</li></ul><p style="text-align:justify;"> </p>The Board of Directors of WOQOD is pleased to invite you to attend the Annual General Assembly Meeting to be held on 22nd April 2020 at 04:30pm4/18/2020 10:00:00 PM
WOQOD achieves QR 226 million at the end of the First Quarter of the year 2020<p>​</p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span style="text-decoration:underline;"><span style="color:windowtext;line-height:150%;font-family:"times new roman",serif;font-size:14pt;"><strong>WOQOD achieves QR 226 million at the end of the First Quarter of the year 2020</strong></span></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:3pt 0in 0pt;text-align:center;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">Qatar Fuel Company, hereinafter referred to as (WOQOD) <span lang="AR-QA"><font color="#000000" face="Times New Roman">‎</font></span>or “WOQOD Group” or “the Group”, with code name “QFLS” on Qatar Stock Exchange, a company with an exclusive concession in the State of Qatar to distribute, sell, transport and market refined petroleum products & gas within State of Qatar<font color="#000000"><font face="Times New Roman"><span lang="AR-QA" dir="RTL">و</span><span lang="AR-QA"> </span></font></font>including airports and seaports, either by itself or through subsidiary <span lang="AR-QA"><font color="#000000" face="Times New Roman">‎</font></span>companies “QJET, FAHES & WOQOD Marine”<font color="#000000"><font face="Times New Roman"><span lang="AR-QA" dir="RTL">, </span><span lang="AR-QA"><span style=""> </span></span></font></font>announced that its Board of Directors had held its Second meeting for the year 2020 at 1:30 pm. on Wednesday April 15</font><sup><font color="#000000" face="Times New Roman" size="2">th</font></sup><font size="3"> 2020 under the chairmanship of Mr. Ahmed Saif Al-Sulaiti. In order to comply with governmental restrictions issued to combat the spread of Corona Virus (COVID-19), the meeting was held remotely through the utilization the Video Call<span dir="RTL"><font color="#000000" face="Times New Roman"> </font></span>facility. The Board discussed the performance of the business operations and the financial results of WOQOD Group for the First Quarter of the year 2020 ended on 31 March 2020,compared to the same results achieved in the corresponding<span style=""><font color="#000000" face="Times New Roman">  </font></span>period of the year 2019.</font></span></p><div style="text-align:center;"><font color="#000000" face="Times New Roman" size="3"> </font></div><p style="margin:3pt 0in 0pt;text-align:center;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">WOQOD Group net profit for the period (excluding minority rights) amounted to QR. 226 million, compared to an amount of QR. 327 million achieved in the same period in the year 2019, with a decrease of QR. 101 million, representing a decrease rate of 31%. The earning per share for the period amounted to QR. 0,23 compared to QR. 0,33 for the same period of last year 2019.</font></span></p><div style="text-align:center;"><font color="#000000" face="Times New Roman" size="3"> </font></div><p style="margin:3pt 0in 0pt;text-align:center;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">The decrease of the net profits and earning per share for the period were partly attributed to the market slow down prompted by COVID-19 spread and partly to supply and demand factors, where the completion of many projects that consume fuel had brought in a pro rata decrease in the overall fuel demand. </font></span></p><p style="margin:3pt 0in 0pt;text-align:center;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font color="#323a45" face="Thread-0006bac8-Id-0000000a"></font></span> </p><div style="text-align:center;"><font color="#000000" face="Times New Roman" size="3"> </font></div><p style="margin:3pt 0in 0pt;text-align:center;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">With regard to the company's operations, WOQOD MD&CEO Mr. Saad Rashid Al-Muhannadi explained that the company overall sales decreased by 6.0% as compared to the same period of last year driven by the COVID-19 impact. Diesel and Super Gasoline sales decreased by 8.0% and 7.4% respectively, Jet fuel volumes decreased by 6.4% driven by the reduced operations of Qatar Airways and partial operations of Private Airlines. Bitumen sales has decreased by 65.0% driven by market situations and the completion of the consuming projects. </font></span></p><p style="margin:3pt 0in 0pt;text-align:center;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font color="#323a45" face="Thread-0006bac8-Id-0000000a"></font></span> </p><div style="text-align:center;"><font color="#000000" face="Times New Roman" size="3"> </font></div><p style="margin:3pt 0in 0pt;text-align:center;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">On the other hand Al-Muhannadi explained that premium gasoline sales increased by 0.9%, retail non-fuel revenue and fuel retail sales increased by 5.8% and 3.5% respectively as compared to the same period of the last year driven by the opening of new stations and higher footfall in C-stores. HFO offtake increased by 39.5% driven by market demand, LPG and Natural Gas sales were higher by 3.1% and 22.8% respectively driven by market demand.</font></span></p><p style="margin:3pt 0in 0pt;text-align:center;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font color="#323a45" face="Thread-0006bac8-Id-0000000a"></font></span> </p><div style="text-align:center;"><font color="#000000" face="Times New Roman" size="3"> </font></div><p style="margin:3pt 0in 0pt;text-align:center;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">In conclusion, Al-Muhannadi indicated that WOQOD has been working closely with its partners and stakeholders to coordinate the implementation all the governmental directives issued in furtherance of combating the spread of COVID-19 and at the same time, being the sole downstream oil and gas company responsible for securing a continuous and sustainable supply of petroleum products and gas to all sectors within the State of Qatar, has issued and implemented a suitable, elastic and resilient business continuity plan that could effectively secure a persistent nonstop countrywide distribution of these vital energy products.<span style=""><font color="#000000" face="Times New Roman">    </font></span></font></span></p><p style="margin:3pt 0in 0pt;text-align:center;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3"><span style=""></span></font></span> </p><font color="#000000" face="Times New Roman" size="3"> </font>WOQOD achieves QR 226 million at the end of the First Quarter of the year 20204/14/2020 10:00:00 PM

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INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING<p>​​</p><p style="text-align:justify;">The Board of Directors of Qatar Fuel Company Q.P.S.C. ("WOQOD") is pleased to invite you to attend the Ordinary General Assembly Meeting to be held on Monday, 8th March 2021 at 06:30 PM through web-meeting, subject to Ministry of Commerce and Industry approval. In the event of any Corona pandemic related changes, the alternative location will be at WOQOD Tower, West Bay, Doha. In case of absence of quorum, the alternative General Assembly Meeting will be held on Wednesday, 10th March 2021 at 06:30 PM through web-meeting, subject to Ministry of Commerce and Industry approval, and the alternative location will be at WOQOD Tower, West Bay, Doha.</p><p style="text-align:justify;"> </p><p style="text-align:justify;"><strong>Agenda of the Annual General Assembly Meeting:</strong></p><ol><li>Opening Speech by the Chairman of the Board of Directors.</li><li>Present and approve the Board of Directors report for the year ended on 31st December 2020. </li><li>Discuss and approve the External Auditors' Report on the Financial Statements for 2020.</li><li>Discuss and approve the Financial Statements for 2020. </li><li>Approval of recommendation of the Board to distribute cash dividend for the year 2020.</li><li>Discuss and approve the Corporate Governance Report for the year 2020.</li><li>Discharging members of the Board of Directors from responsibility for the year 2020 and determining their remuneration.</li><li>Approval of the appointment of external auditors and their remuneration for the year 2021.</li></ol><p style="text-align:left;">                                                                                                                                                                                                                                            <strong>Ahmad Saif Al-Sulaiti</strong></p><p style="text-align:left;">                                                                                       Chairman of the Board of Directors</p><p style="text-align:justify;">Note:</p><ul><li>Exclusively for the inspection of the shareholders, a detailed statement will be available at WOQOD Tower 7 days before the AGM, showing the remuneration, attendance fees of meetings and expenses, allowances and privileges received in kind by the Chairman and each member of the Board of Directors.</li><li>All shareholders are requested to be present at the venue of the meeting one hour before the start time of the meeting, to register their attendance.</li><li>A shareholder may appoint another shareholder to attend meeting on his behalf, using the proxy form available <strong><a href="/EN/AboutUs/InvestorRelations/Documents/AGM/Proxy%20form%20-%202021.pdf"><span class="ms-rteForeColor-2">here</span>​</a></strong>, duly signed. In case of company, the proxy form must be signed by the authorized person(s) and company stamp must be affixed.</li><li>It is not permitted to grant proxy to a non-shareholder or to a member of Board of directors. The number of shares held by a proxy holder must not exceed 5% of the Paid up capital (49,712,788 shares).</li><li>Dividends will be distributed from the <span style="text-decoration:underline;"><strong>next working day</strong></span> after approval of the AGM and can be collected from any QNB branch.</li><li>This invitation shall be considered as a legal invitation for all shareholders without the need to send private invitations through mail in accordance with Law No. (11) For 2015.​​​</li></ul>INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING2/23/2021 10:00:00 PM586
“WOQOD” Opens Al Mearad-3 New WOQOD Petrol Station<p>​</p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Al Mearad-3 New WOQOD Petrol Station </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 22/02/2021. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Al Mearad -3 petrol station, on Monday 22/02/2021, and by this it raised its network of petrol stations to <strong>109</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new petrol station in Al Mearad-3, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Al Mearad-3 WOQOD petrol station is spread over an area of <strong>15400</strong> square meters and has <strong>3</strong> lanes with <strong>9</strong> dispensers for light vehicles, which will serve Al Mearad, and its neighborhood.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Al Mearad-3 petrol station offers round-the-clock services to residents, and includes Sidra convenience store, manual car wash, oil change and tire repair, for Light Vehicles and sale of LPG cylinders "SHAFAF", in addition to sale of gasoline and diesel products for light vehicles</p><p style="text-align:justify;"> </p><p style="text-align:justify;"> </p><p style="text-align:center;">-Ends-</p>"WOQOD" Opens Al Mearad-3 New WOQOD Petrol Station 2/21/2021 10:00:00 PM584
Alert of fake mails resembling WOQOD Company.<p>​</p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:18pt;"><strong><font color="#000000">Fake E-mail Alert</font></strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:14pt;"><strong><font color="#000000"><span><font face="Arial" size="5"> </font></span>Beware of fake mails resembling WOQOD</font></strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000">It has been brought to WOQOD’s notice that an e-mail scam campaign is active whereby </font><a name="_Hlk62394719"><font color="#000000" face="Arial" size="2">Contractors & Suppliers in Qatar </font></a><font color="#000000">are invited for an illegitimate Tender purporting to originate from Qatar Fuel (WOQOD) with huge value projects and asking Contractors & Suppliers to pay</font></span><font color="#000000"><span lang="EN-GB"><font face="Times New Roman" size="3"> </font></span><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><strong>Security Fees</strong></span><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;">. WOQOD would like to caution Contractors & Suppliers in Qatar to undertake due diligence before engaging in such fraudulent e-mails.</span></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000">WOQOD also publishes Tender on its Website<span><font face="Arial" size="2">  </font></span></font></span><span lang="EN-GB"><a href="https://www.woqod.com/EN/Business/Tenders/Pages/default.aspx"><span style="font-family:"arial",sans-serif;font-size:10pt;"><span style="text-decoration:underline;"><font color="#0000ff">https://www.woqod.com/EN/Business/Tenders/Pages/default.aspx</font></span></span></a></span><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000">.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000">WOQOD is committed to providing all customers with reliable, professional & innovative solutions through friendly, excellent & convenient services and to demonstrate accountability for all WOQOD activities.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><strong><font color="#000000">Best Regards,</font></strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><strong><font color="#000000"> </font></strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><strong><font color="#000000">Public Relation- WOQOD</font></strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font>Alert of fake mails resembling WOQOD Company.1/25/2021 10:00:00 PM583
WOQOD achieves QR 707 million at the end of the fiscal year 2020.<p>​</p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:normal;"><font face="Cambria"><span style="color:windowtext;font-size:11pt;"><strong>Doha, Qatar • 20 January 2021</strong></span><span style="color:windowtext;font-size:11pt;"> </span></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:normal;"><span style="color:windowtext;font-family:"garamond",serif;font-size:10pt;"><strong> </strong></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span style="text-decoration:underline;"><span style="color:windowtext;line-height:150%;font-family:"times new roman",serif;font-size:14pt;"><strong>WOQOD achieves QR 707 million at the end of the fiscal year 2020</strong></span></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span style="text-decoration:underline;"><span style="line-height:150%;font-size:14pt;"><span style="text-decoration:none;"><strong><font color="#000000" face="Times New Roman" size="5"> </font></strong></span></span></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:130%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">Qatar Fuel Company, hereinafter referred to as (WOQOD) <span lang="AR-QA"><font color="#000000" face="Times New Roman">‎</font></span>or “WOQOD Group” or “the Group”, with code name “QFLS” on Qatar Exchange, a company with an exclusive concession in the State of Qatar to distribute, sell, transport and market refined petroleum products & (including) , airports and seaports, either by itself or through subsidiary <span lang="AR-QA"><font color="#000000" face="Times New Roman">‎</font></span>companies “QJET, FAHES & WOQOD Marine”<font color="#000000"><font face="Times New Roman"><span lang="AR-QA" dir="RTL">, </span><span lang="AR-QA"><span> </span></span></font></font>announced that its Board of Directors had held its annual meeting at 1:30 pm. on Wednesday, January 20</font><sup><font color="#000000" face="Times New Roman" size="2">th</font></sup><font size="3"> 2021, under the chairmanship of Mr. Ahmed Saif Al-Sulaiti. In accordance with the official directives issued with the aim of combating the spread of the coronavirus "Covid-19", the meeting was held remotely through the utilization of a Video Call</font></span><font size="3"><span lang="AR-QA" dir="RTL" style="color:windowtext;font-family:"times new roman",serif;">‏ ‏</span><span style="color:windowtext;font-family:"times new roman",serif;">facility,<span lang="AR-QA"><font color="#000000" face="Times New Roman">‎</font></span> where the Board discussed and approved – inter alia- <span><font color="#000000" face="Times New Roman"> </font></span>the performance of the company's business operations and financial results of WOQOD Group for the fiscal year ended on December 31, 2020 ,compared to the results achieved in the year 2019.</span></font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:130%;"><span style="line-height:130%;font-size:12pt;"><font color="#000000" face="Times New Roman">WOQOD Group net profit for 2020 (excluding minority rights) amounted to QR. 707 million, compared to an amount of QR 1.216 million achieved in the past year 2019, representing a decrease rate of 42%. Earning by share for the period amounted to QR. 0.71, compared to QR 1.22 for the past year, while Shareholders Equity decreased by about 1.3% to reach about 8.6 billion riyals compared to 8.7 billion riyals for 2019. The decline in net profit and earnings per share was attributed to the slowdown caused by the spread of the Covid-19 corona pandemic, which the company managed to reduce its negative impacts by taking several proactive steps and initiatives to ensure continuity of its business under these critical circumstances, in addition to the continuation of the company’s efforts to implement its policy of increasing efficiency and rationalizing expenditures, which had a significant impact on reducing the decline in profits achieved compared to 2019.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:130%;"><span style="line-height:130%;font-size:12pt;"><font color="#000000" face="Times New Roman">The CEO and Managing Director has stated that there was an upward trend in results for the third and fourth quarters of 2020 driven by increased fuel sales and the market recovery from Corona virus “Covid-19” pandemic impacts.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;line-height:130%;"><span style="line-height:130%;font-size:12pt;"><font color="#000000" face="Times New Roman">Based on the company's profits in 2020, and taking into account the requirements of current and future projects that the company intends to establish through the approved five-year business plan, the Board has recommended to the company's Annual Shareholders General Assembly scheduled for 08/03/2021 to approve a dividend distribution to shareholders of 0.46 QR per share.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">In terms of the company's operations, Mr. Saad Rashid Al Muhannadi, CEO and Managing Director, explained that year 2020 witnessed a decrease in total sales of petroleum products by about 21%, compared to the same period in 2019, due to supply and demand factors and the negative effects of the Corona "Covid-19" pandemic, where diesel sales decreased by 9%, Super gasoline by 10%, premium gasoline by 9%, jet fuel by -33%, bitumen by 60%, LPG by 3%, and oil retail sales across gas stations decreased by 2% compared to the year 2019 results. On the other hand, sales of bunker fuel and natural gas increased by 7% and 13%, respectively, compared to the same period in 2019, while non-oil retail sales revenues, including Sidra sales, increased by 11%, due to the opening of several new petrol stations. In this regard, Al Muhannadi pointed out that the company has supported the non-oil retail services sector by marketing its automotive service products (oils and greases) through tie-up with international manufacturers of these products.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">The Board reviewed and approved the current and future projects that the company plans to establish, where the company has opened one technical inspection center, and 12 new petrol stations, thus increased the number of stations operating by the end of 2020 to 108 stations, and the number of technical inspection centers reached 12 centers. The first quarter of 2021 will witness the completion of the construction and operation of three new stations, in addition to five (5) other stations to be completed in year 2021. Mr. Al-Muhannadi explained that the company has a dynamic plan for the construction of new petrol stations, which will be periodically reviewed according to the demand conditions and the need for petrol stations. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">Based on the expansion of the petrol stations construction as mentioned above, the share of WOQOD in the petroleum retail market increased by 3% to about 85% compared to the previous year 2019.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">The company also opened and operated a number of 20 Sidra Stores for consumer products, including three Sidra Stores in the metro stations. In order to enhance the bunkering service and in coordination with Qatar Petroleum, WOQOD has purchased two ships to serve ships visiting Qatari ports, bringing the number of vessels owned by WOQOD to ten (10), resulting in a record number of sales of fuel since the establishment of the company, where the total sales by the end of 2020 amounted to about 949 metric tons.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">Al-Muhannadi also referred to the actions taken by WOQOD Group towards the Qatarization of jobs, the implementation of the Service Localization Initiative, and the measures taken towards combating the Corona virus pandemic, where WOQOD continued to work closely with the relevant authorities to reduce the negative effects of the pandemic, and thereby enabling WOQOD to ensure the continuous and regular supply of refined petroleum products and gas to all sectors in Qatar, in line with the applicable health, security, safety and environmental health procedures and standards.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">It is worth mentioning that WOQOD ranked first at level of the Qatar Stock Exchange in terms of compliance with environmental, social and governance requirements (ESG) according to the standards adopted in this regard.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000"><font face="Times New Roman">In conclusion, Al Muhannadi assured that the company’s management and its board of directors will exert <span lang="AR-QA"><font size="3">‎</font></span>all efforts to maintain and enhance the service levels and profit status of the company, to achieve its vision <span lang="AR-QA"><font size="3">‎</font></span>mission and strategic goals as a pioneer downstream oil and gas company at the regional level and to build <span lang="AR-QA"><font size="3">‎</font></span>a modern,<span><font size="3">  </font></span>robust and state-of-the-art petroleum products distribution sector within the country, in order to <span lang="AR-QA"><font size="3">‎</font></span>keep up with the general policy of the State of Qatar in the modernization of infrastructure facilities, and to <span lang="AR-QA"><font size="3">‎</font></span>provide the best services according to the best QHSSE standards, and achieve the best results for its valued <span lang="AR-QA"><font size="3">‎</font></span>shareholders.<span lang="AR-QA"><font size="3">‎</font></span></font></font></span></p><font color="#000000" face="Times New Roman" size="3"> </font>WOQOD achieves QR 707 million at the end of the fiscal year 20201/19/2021 10:00:00 PM582
“WOQOD” Opens Lebsayyer New WOQOD Petrol Station<p>​</p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Lebsayyer New WOQOD Petrol Station </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 31/12/2020. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Lebsayyer petrol station, on Thursday 31/12/2020, and by this it raised its network of petrol stations to <strong>108</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new petrol station in Lebsayyer, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Lebsayyer WOQOD petrol station is spread over an area of <strong>10,800</strong> square meters and has <strong>4</strong> lanes with <strong>8</strong> dispensers for light vehicles, which will serve Lebsayyer area, and its neighborhood.</p><p style="text-align:justify;"> </p><p>Lebsayyer petrol station offers round-the-clock services to residents, and includes Sidra convenience store, Manual car wash, Oil change and Tyre repair, for Light Vehicles and sale of LPG cylinders "SHAFAF", in addition to sale of gasoline and diesel products for light vehicles.​</p>"WOQOD" Opens Lebsayyer New WOQOD Petrol Station12/30/2020 10:00:00 PM581
"WOQOD" Opens Al Mearad -4 New WOQOD Petrol Station<p>​</p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Al Mearad -4 New WOQOD Petrol Station </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 23/12/2020. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Al Mearad-4 petrol station, on Wednesday 23/12/2020, and by this it raised its network of petrol stations to <strong>107</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new petrol station in Al Mearad-4, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Al Mearad-4 WOQOD petrol station is spread over an area of <strong>8000</strong> square meters and has <strong>4</strong> lanes with <strong>8</strong> dispensers for light vehicles, which will serve Al Mearad area, and its neighborhood.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Al Mearad-4 petrol station offers round-the-clock services to residents, and includes Sidra convenience store, and sale of LPG cylinders "SHAFAF", in addition to sale of gasoline and diesel products for light vehicles</p>"WOQOD" Opens Al Mearad -4 New WOQOD Petrol Station 12/22/2020 10:00:00 PM580
“WOQOD” partnered with talabat home delivery<p>​</p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" partnered with talabat home delivery</strong></span></p><p style="text-align:center;"><span lang="EN" style="text-decoration:underline;"><strong><br></strong></span></p><p>Doha – 29/10/2020. WOQOD's SIDRA, Qatar's leading home-grown convenience store, partnered with talabat home delivery to enhance its e-shopping offering for customers.</p><p> </p><p>The partnership follows an increased demand for online shopping, offering customers a contactless shopping experience, by delivering essential and fresh products to their homes at the click of a button. Sidra's expansion into online delivery comes as convenience stores look for new, safe ways to serve customers following the COVID-19 pandemic.</p><p> </p><p>"Sidra's contactless home delivery service is now rolled out at 30 selected locations. As we continue to make things as accessible as possible for our customers, we want to ensure they have access to the essentials they need safely and conveniently", Saad Rashid Al Muhannadi, Managing Director & CEO at WOQOD said.</p>"WOQOD" partnered with talabat home delivery10/28/2020 10:00:00 PM579
WOQOD achieves QR 429 million at the end of the Third Quarter of the year 2020<p>​</p><p style="text-align:center;"><strong>Doha, Qatar • 14 October 2020</strong> </p><p style="text-align:center;"><strong> </strong></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong>WOQOD achieves QR 429 million at the end of the Third Quarter of the year 2020</strong></span></p><p>Qatar Fuel Company, hereinafter referred to as (WOQOD) ‎or "WOQOD Group" or "the Group", with the code name "QFLS" on Qatar Stock Exchange, a company with an exclusive concession in the State of Qatar to distribute, sell, transport and market refined petroleum products & gas within State of Qatar including to airports and seaports, either by itself or through subsidiary ‎companies "QJET, FAHES and WOQOD Marine",  announced that its Board of Directors had held a meeting at 1:30 pm. on Wednesday, October 14<sup>th</sup> 2020 under the chairmanship of Mr. Ahmed Saif Al-Sulaiti. In order to comply with governmental restrictions issued to combat the spread of Corona Virus (COVID-19), the meeting was held remotely through the utilization of a Video Call facility. The Board discussed the performance of the business operations and the financial results of WOQOD Group at the end of Third Quarter of the year 2020 ended on 30 September 2020, compared to the results achieved in the corresponding period of the year 2019.</p><p>Mr. Saad Rashid Al-Muhannadi WOQOD Managing Director & Chief Executive Officer‎ explained that ‎WOQOD Group's net profits and overall sales volumes have witnessed a considerable increase in the Third Quarter of the year 2020 compared to the Second Quarter of the same year.</p><p>He also explained that WOQOD Group's net profit for the period (excluding minority rights) amounted to QR. 429 million, compared to an amount of QR. 872 million achieved in the same period of the year 2019, with a decrease of QR. 443 million, representing a decrease rate of 51%. The earning per share for the period amounted to QR. 0.43 per share compared to QR. 0.88 for the same period of last year.</p><p>The decrease of the net profits and earning per share for the period were partly attributed to the market slow down prompted by COVID-19 spread.</p><p>With regard to the company's operations, Mr. Al-Muhannadi‎ explained that the company overall sales of petroleum products decreased by 23% as compared to the same period of last year driven by the negative impact of COVID-19 pandemic. Diesel, Super Gasoline and Premium Gasoline sales decreased by 11%, 14%, and 9% respectively, and Jet fuel volumes decreased by 34% driven by the reduced operations of the airlines due to the suspension of air traffic in most countries globally. Bitumen sales have decreased by 64% driven by macro-economic factors, COVID-19 pandemic and the completion of the major projects. The LPG sales decreased by 3% compared to the same period of 2019. Refined Petroleum Products retail sales from petrol stations decreased by 3% compared to the same period of last year driven by micro-economic factors as well as the negative impact of COVID-19 pandemic.</p><p>On the other hand, he explained that  Bunkering fuel "HFO" increased by 18%, natural gas sales increase by 9% compared to the same period in 2019, and retail non-fuel revenue, including Sidra sales, increased by 11% as compared to the same period of the last year driven by the opening of new stations.</p><p>In the field of the petrol stations project Mr. Al Muhannadi pointed out that the petrol stations operated by  "WOQOD" as of October 15<sup>th </sup>2020  totaled to 106 stations, whereas the company intends to add five (5) more stations by the end of the current year 2020.  </p><p>For the purpose of improving the profitability of the company Mr. Al-Muhannadi indicated that the company will continue to increase the levels of implementation of its efficiency and cost optimization initiatives as this will further improve the returns for the company and its shareholders. </p><p>In conclusion, Al-Muhannadi indicated that WOQOD had and still being working closely with its partners to coordinate the implementation of all the governmental directives issued in furtherance of combating the spread and the negative effects of COVID-19. He added that despite the challenges of Corona virus impact WOQOD being the sole downstream oil and gas company responsible for securing a continuous and sustainable supply of petroleum products and gas to all sectors within the State of Qatar, was left with no choice but to implement a flexible and effective business plan to ensure the continuity of the supply activities throughout the country on regular basis and in line with the health safety security, and environmental sanitation procedures and standards for the time being in force in the petroleum products industry, where the Group is persistently communicating and coordinating with entities of competent jurisdiction in order to implement the best standards and measures issued in this regard.​</p>WOQOD achieves QR 429 million at the end of the Third Quarter of the year 202010/13/2020 10:00:00 PM578
“WOQOD” Opens Al Wajba -3 New WOQOD Petrol Station<p>​​</p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Al Wajba -3 New WOQOD Petrol Station </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 04/10/2020. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Al Wajba -3 petrol station, on Sunday 04/10/2020, and by this it raised its network of petrol stations to <strong>106</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new petrol station in Al Wajba -3, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Al Wajba -3 WOQOD petrol station is spread over an area of 15500 square meters and has 3 lanes with 9 dispensers for light vehicles, which will serve Al Wajba -3 area, and its neighborhood.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Al Wajba -3 petrol station offers round-the-clock services to residents, and includes Sidra convenience store, manual car wash, oil change and tire repair, for light vehicles and sale of LPG cylinders "SHAFAF", in addition to sale of gasoline and diesel products for light vehicles.</p>"WOQOD" Opens Al Wajba -3 New WOQOD Petrol Station10/3/2020 10:00:00 PM577
“WOQOD” Opens Al Mazrouah New WOQOD Petrol Station & FAHES.<p></p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Al Mazrouah New WOQOD Petrol Station & FAHES, </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 09/08/2020. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Al Mazrouah WOQOD petrol station & FAHES, on Sunday 09/08/2020, and by this it raised its network of petrol stations to <strong>105</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: </p><p style="text-align:justify;">We are pleased to open a new WOQOD petrol station & FAHES in Al Mazrouah, aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Al Mazrouah WOQOD petrol station & FAHES is spread over an area of 40000 square meters, WOQOD petrol station has 2 lanes with 4 dispensers for Heavy Vehicles, which will serve Al Mazrouah area, and its neighborhood. In addition to FAHES has 2 lanes for light vehicle inspection and 12 lanes for trucks.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Al Mazrouah WOQOD petrol station offers round-the-clock services to costumer, and include Trucks Manual Car Wash, Oil Change and Tire Repair for Trucks, in addition to sale of diesel products for Trucks.</p><p style="text-align:justify;"> </p><p style="text-align:center;"> </p>“WOQOD” Opens Al Mazrouah New WOQOD Petrol Station & FAHES.8/8/2020 10:00:00 PM575
Eid Mubarak<p>Eid Mubarak​</p>​Eid Mubarak7/29/2020 10:00:00 PM574
Finance Team Availability during Eid Al-Adha 2020 Holiday<p>​Finance Team Availability during Eid Al-Adha 2020 Holiday</p>Finance Team Availability during Eid Al-Adha 2020 Holiday7/28/2020 10:00:00 PM572

 

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