| WOQOD achieves Net Profit of QR 230 million for the First Quarter of 2025 | WOQOD achieves Net Profit of QR 230 million for the First Quarter of 2025 | https://www.woqod.com/EN/MediaCenter/News/Pages/WOQOD-achieves-Net-Profit-of-QR-230-million-for-the-First-Quarter-of-2025.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/WOQOD%20Tower%20MAIN.jpg?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p></p><p style="text-align:center;"><strong> </strong><br><span style="text-decoration:underline;"><strong>WOQOD achieves Net Profit of QR 230 million for the First Quarter of </strong></span><span lang="AR-QA" dir="rtl" style="text-decoration:underline;"><strong>202</strong></span><span style="text-decoration:underline;"><strong>5</strong></span></p><p>Qatar Fuel Company, hereinafter referred to as (WOQOD) 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, including airports and seaports, either by itself or through subsidiary companies “QJET, FAHES & WOQOD Marine", announced that its Board of Directors held its Second Meeting for the year 2025 at 1:30 P.M. on Tuesday April 22<sup>nd</sup>, 2025 under the chairmanship of Mr. Ahmed Saif Al-Sulaiti. The Board discussed the performance of the business operations and the financial results of WOQOD Group for the First Quarter ended on 31 March 2025, compared to the results achieved in the corresponding period of the year 2024.<br>WOQOD Group net profit for the period (excluding minority rights) amounted to QR. 230 million, compared to an amount of QR. 243 million achieved in the same period in the year 2024, with a decrease of QR. 13 million, representing a decrease of 5%. The earnings per share for the period amounted to QR. 0.23 per share compared to QR. 0.24 for the same period of last year. The decrease in net profits and earnings per share was driven by the decrease in sales volumes by 3% based on supply and demand factors.<br>In respect of petrol station projects Saad Rashid Al-Muhannadi, Managing Director & Chief Executive Officer indicated that the construction of Al-Nigyan-2 station has been completed and the company plans to operate it during the Second Quarter of 2025. He also explained that the company intends to start building four new petrol stations and one technical inspection center during the year 2025, indicating that WOQOD has a dynamic plan for the construction of new petrol stations that is being reviewed periodically according to demand conditions and the need for petrol stations.<br>In conclusion, Al-Muhannadi assured that WOQOD Group will exert all efforts to enhance the service levels, continue to focus on the efficiency improvement and operational excellence, and take all other viable measures in furtherance the achievement of its vision, mission and strategic goals towards building a modern and robust distribution sector within the country, in furtherance the general policy of the State of Qatar in the modernization of infrastructure facilities, as well as providing its services according to the best QHSSE standards, and achieving the best results for its valued shareholders.<br><br></p> | WOQOD achieves Net Profit of QR 230 million for the First Quarter of 2025 | | 04/21/2025 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| EID MUBARAK | EID MUBARAK | https://www.woqod.com/EN/MediaCenter/News/Pages/Eid-Mubarak-27-March-2025-abdulaziz-Bawazir.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/2.jpg?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p>EID MUBARAK <br></p> | EID MUBARAK | | 03/26/2025 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| Finance Team Members - Eid Al Fitr 2025 | Finance Team Members - Eid Al Fitr 2025 | https://www.woqod.com/EN/MediaCenter/News/Pages/Finance-Team-Members---Eid-Al-Fitr-2025.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/Finance%20Team%20Members%20-%20Eid%20AlFitr%202025_%20English.JPG?RenditionID=31" width="538" style="BORDER:0px solid;" /> | | | | | | | | <p>Finance Team Members - Eid AlFitr 2025<br></p> | Finance Team Members - Eid AlFitr 2025 | | 03/26/2025 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| Ramadan Mubarak | Ramadan Mubarak | https://www.woqod.com/EN/MediaCenter/News/Pages/Ramadan-Mubarak-.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/..........................................................................................................Ramadan.png?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p>Ramadan Mubarak <br></p> | Ramadan Mubarak | | 02/26/2025 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| Qatar Fuel (WOQOD) WOQOD Ordinary Annual General Assembly Meeting Convened at Al Dana Club - Al Jewan Hall on 19/02/2025 | Qatar Fuel (WOQOD) WOQOD Ordinary Annual General Assembly Meeting Convened at Al Dana Club - Al Jewan Hall on 19/02/2025 | https://www.woqod.com/EN/MediaCenter/News/Pages/Qatar-Fuel-(WOQOD)-WOQOD-Ordinary-Annual-General-Assembly--Meeting-Convened-at-Al-Dana-Club---Al-Jewan-Hall-on-19022025.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/WOQOD%20Tower%20MAIN.jpg" style="BORDER:0px solid;" /> | | | | | | | | <p></p><p style="box-sizing:content-box;color:#323a45;font-family:"architype renner w01 md";font-size:14px;background-color:#ffffff;text-align:center;"><span style="box-sizing:content-box;text-decoration-line:underline;"><span style="box-sizing:content-box;font-weight:700;">Summary of the Resolutions of Qatar Fuel (WOQOD) </span></span><span style="box-sizing:content-box;text-decoration-line:underline;"><span style="box-sizing:content-box;font-weight:700;">WOQOD Ordinary Annual General Assembly </span></span><span lang="AR-QA" style="box-sizing:content-box;text-decoration-line:underline;"><span style="box-sizing:content-box;font-weight:700;"> </span></span><span style="box-sizing:content-box;text-decoration-line:underline;"><span style="box-sizing:content-box;font-weight:700;">Meeting </span></span><span style="box-sizing:content-box;text-decoration-line:underline;"><span style="box-sizing:content-box;font-weight:700;">Convened at Al Dana Club - Al Jewan Hall </span></span><span lang="AR-QA" style="box-sizing:content-box;text-decoration-line:underline;"><span style="box-sizing:content-box;font-weight:700;"></span></span><span style="box-sizing:content-box;text-decoration-line:underline;"><span style="box-sizing:content-box;font-weight:700;">on </span></span><span lang="AR-QA" dir="rtl" style="box-sizing:content-box;text-decoration-line:underline;"><span style="box-sizing:content-box;font-weight:700;">19</span></span><span style="box-sizing:content-box;text-decoration-line:underline;"><span style="box-sizing:content-box;font-weight:700;">/02/202</span></span><span lang="AR-QA" dir="rtl" style="box-sizing:content-box;text-decoration-line:underline;"><span style="box-sizing:content-box;font-weight:700;">5</span></span></p><p style="box-sizing:content-box;color:#323a45;font-family:"architype renner w01 md";font-size:14px;background-color:#ffffff;text-align:center;"><span lang="AR-QA" dir="rtl" style="box-sizing:content-box;text-decoration-line:underline;"><span style="box-sizing:content-box;font-weight:700;"><br style="box-sizing:content-box;"></span></span></p><ol style="box-sizing:content-box;margin-top:0px;margin-bottom:10px;color:#323a45;font-family:"architype renner w01 md";font-size:14px;background-color:#ffffff;"><li style="box-sizing:content-box;">Approval of the Board of Directors Report on company activities, financial standing for the year 2024, and its future plans.</li><li style="box-sizing:content-box;">Approval of the External Auditors Report on WOQOD Group financial statements for the Fiscal year ended 31/12/2024.</li><li style="box-sizing:content-box;">Approval of WOQOD Group financial statements and profit and loss account for the year 2024 ended 31/12/2024.</li><li style="box-sizing:content-box;">Approval of the dividend of QR. 994 million from net profits realised for the year 2024 representing one Riyal per share to shareholders, and after netting the interim dividend paid of QR 0.40 per share, the remaining final dividend amount of QR. 0.60 will be distributed to the eligible shareholders through “EDAA" . </li><li style="box-sizing:content-box;">Approval of the release of the Board of Directors from liability vis-à-vis management actions, and their discharge from any liability or responsibility in relation to the fiscal year ended 31/12/2024 and approval of their remuneration.</li><li style="box-sizing:content-box;">Approval of the WOQOD Governance Report for the year 2024.</li><li style="box-sizing:content-box;">The appointment of auditors for WOQOD Group for the year 2025.<br style="box-sizing:content-box;"></li></ol><p style="box-sizing:content-box;color:#323a45;font-family:"architype renner w01 md";font-size:14px;background-color:#ffffff;"><br><br></p><p><br></p> | Qatar-Fuel-(WOQOD)-WOQOD-Ordinary-Annual-General-Assembly--Meeting-Convened-at-Al-Dana-Club---Al-Jewan-Hall-on-19022025 | | 02/19/2025 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD achieves QR 1.052 billion at the end of the fiscal year 2024 | WOQOD achieves QR 1.052 billion at the end of the fiscal year 2024 | https://www.woqod.com/EN/MediaCenter/News/Pages/WOQOD-achieves-QR-1-052-billion-at-the-end-of-the-fiscal-year-2024.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/WOQOD%20Tower%20resized.jpg?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p><br></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong>WOQOD achieves QR 1.052 billion at the end of the fiscal year 2024</strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p>Qatar Fuel Company Q.P.S.C., hereinafter referred to as (WOQOD) 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 at the airports and seaports, either by itself or through subsidiary companies “QJET, FAHES & WOQOD Marine", announced that its Board of Directors had held its annual meeting at 1:30 pm. on Wednesday, January 22nd 2025, under the chairmanship of Mr. Ahmed Saif Al-Sulaiti. The meeting was held at WOQOD Tower, where the Board discussed and approved the performance of the company's business operations and financial results of WOQOD Group for the year ended 31 December 2024 as compared to the year 2023.</p><p>WOQOD Group net profit for 2024 (excluding minority rights) amounted to QR 1.052 billion, as compared to an amount of QR 984 million achieved in the year 2023, representing an increase of 7%. Earnings per share for the year amounted to QR 1.06, as compared to QR 0.99 for the past year.</p><p>Based on the company's net profits in 2024 and considering the requirements of current and future projects, the Board has recommended to the Company's Annual Shareholders General Assembly, scheduled to be held on 19<sup>th</sup> February 2025 as an original date and 23<sup>rd</sup> February 2025 as an alternative date, for approving the distribution of final dividend to shareholders worth QR 1 per share. After netting the interim dividend paid of QR 0.40 per share, the remaining final dividend amount of QR 0.60 will be distributed to the shareholder through the regulatory authority “EDAA".</p><p>The year 2024 witnessed a 6% increase in total fuel sales volume, compared to 2023. Total fuel sales reached a record high of 11.3 billion liters compared to 10.7 billion liters for the year 2023, mainly driven by the increase in the volume of sales of jet fuel and gasoline, which also recorded the highest annual sales volume in the company's history. Jet fuel sales reached 6.2 billion liters and Gasoline sales reached 3 billion liters, with an increase of 10% and 4% respectively as compared to 2023. </p><p>Eng. Saad Rashid Al-Muhannadi, Managing Director and CEO explained that the company witnessed significant improvement in security and safety levels during the year 2024 as compared to 2023, where the Loss Time Incident Frequency (LTIF) improved by 59%, while the Total Recordable Case Frequency (TRCF) improved by 19%.</p><p>In the field of the petrol stations projects, Mr. Al-Muhannadi pointed out that the construction of Al Nigyan-2 station has been completed and it will be opened in 2025. During 2025, we will also witness the completion of the construction of four petrol stations and one Fahes Vehicle Technical Inspection Center, emphasizing that WOQOD's plan for these stations' construction is based on a dynamic plan wherein stations are built on as and when required basis. </p><p>Mr. Al-Muhannadi also pointed out that WOQOD, due to its strong performance accumulated over the years, has ranked 3rd among companies listed on the Qatar Stock Exchange in the field of environment, governance, and social responsibility (ESG).</p><p>In conclusion, Mr. Al-Muhannadi pointed out the solid foundations and solid pillars on which the company is based, assuring that it will continue its efforts aimed at enhancing the benefits of its valued shareholders, by taking appropriate initiatives in development and modernization within the framework of the general policy of the state, and securing the permanent supply of fuel in accordance with the best international standards in force in the fields of health, security, safety and environmental considerations. The company will also explore external investment opportunities for international growth in line with the company approved policies. <br><br></p><p><br><br></p> | WOQOD achieves QR 1.052 billion at the end of the fiscal year 2024 | | 01/21/2025 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD achieves QR 771 million for the nine-months period ended 30 Sep 2024 | WOQOD achieves QR 771 million for the nine-months period ended 30 Sep 2024 | https://www.woqod.com/EN/MediaCenter/News/Pages/WOQOD-achieves-QR-771-million-for-the-nine-months-period-ended-30-Sep-2024.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/WOQOD%20Tower.jpg?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p></p><p style="text-align:center;"> <br><span style="text-decoration:underline;"><strong>WOQOD achieves QR 771 million for the nine-months period ended 30 Sep 2024</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 and gas within State of Qatar including airports and seaports, announced that its Board of Directors chaired by Mr. Ahmed Saif Al-Sulaiti approved the financial results and key performance and operational indicators of WOQOD Group for the nine-months period ended on 30 September 2024 compared to the financial and operational results for the same period of 2023. The Board also approved the Group Capital and Operational Budget for the year 2025.</p><p><br>WOQOD Group's consolidated net profit (attributable to the shareholders of WOQOD) for the period ended 30<sup>th</sup> September 2024 amounted to QR. 771 million, compared to an amount of QR. 712 million achieved for the same period of 2023, showing an increase of QR. 59 million, representing an increase rate of 8%. The earnings per share for the period amounted to QR. 0.78 compared to QR. 0.72 for the same period last year. The increase in net profit and earnings per share was attributable to increased demand for petroleum products during the reporting period.</p><p><br>In the field of the petrol stations projects, Mr. Saad Rashid Al-Muhannadi, Managing Director and CEO, pointed out that the company intends to add another station in the last quarter of this year, stressing that WOQOD's plan in stations construction is a dynamic plan whereupon the stations are built on as and when basis i.e.as per the current and future requirements to build/avail a petrol station. He further explained that the company has completed installation of 22 Electrical Vehicle Chargers EVC in 19 petrol stations in cooperation with KAHRAMAA. Al-Muhannadi also explained that the company has embarked on initiatives to increase the income from non-petroleum products segments, which the company already started their implementation effective from the current year.</p><p><br>In conclusion, Al-Muhannadi indicated that WOQOD Group will continue deploying all efforts in enhancing the benefits of its shareholders and all stakeholders, by taking appropriate initiatives to achieve the highest rates of efficiency and effectiveness in all areas of its scope of business, and will continue its efforts in developing the petroleum products distribution sector, and securing the permanent supply of fuels in accordance with the best applicable international standards in the fields of health, security, safety and environmental considerations, in addition to supporting the sector by introducing an electric charging system for cars and supplying compressed natural gas. <br></p><p><br></p> | WOQOD achieves QR 771 million for the nine-months period ended 30 Sep 2024 | | 10/15/2024 9:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD achieves QR 482 million at the end of the First Half of the year 2024 | WOQOD achieves QR 482 million at the end of the First Half of the year 2024 | https://www.woqod.com/EN/MediaCenter/News/Pages/-WOQOD-achieves-QR-482-million-at-the-end-of-the-First-Half-of-the-year-2024.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/WOQOD%20Tower.jpg?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong>WOQOD achieves QR 482 million at the end of the First Half of the year 2024</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 chaired by Mr. Ahmed Saif Al-Sulaiti approved the financial results of WOQOD Group for the First Half ended on 30 June 2024.<br>WOQOD Group's net profit for the period (excluding minority rights) amounted to QR. 482 million, compared to an amount of QR. 440 million achieved in the same period of the year 2023, with an increase of QR. 42 million, representing an increase rate of 9.5%. The earnings per share for the period amounted to QR. 0.48 share compared to QR. 0.44 for the same period of last year.<br>The increase in net profit and earnings per share was due to the increase of sales volume and other income. <br>On the other hand, Mr. Saad Rashid Al Muhannadi, CEO and Managing Director, indicated that the Board of Directors, according to Article 47 of the Articles of Association, and Circular No. 5 of 2024, issued by the Qatar Financial Markets Authority on 04/07/2024, decided to distribute interim cash dividends at the rate of QR. 0.40 per share, and that the dividend entitlement will be to the shareholder who owns the share on the seventh working day from the date of issuance of the resolution, that is, at the close of the trading session on Sunday, 11/08/2024, and Edaa will manage the interim cash dividend distribution.<br>Al-Muhannadi also explained that the total fuel sales volume for the period have increased by 10% compared to the same period of the year 2023, driven by the increase in Jet fuel sales by 16%. As for the petrol stations project, Al-Muhannadi explained that it is expected that another station will be added in the third quarter of 2024. <br>Al-Muhannadi also mentioned that the construction of petrol stations is a dynamic exercise, that WOQOD, in cooperation with KAHRAMAA, has completed installation of 25 EV charging points at 19 petrol stations, as well as working on many initiatives to improve the non-fuel revenue during this year.<br>In conclusion, Al-Muhannadi indicated that WOQOD Group will move forward in enhancing the benefits of its valued shareholders and all stakeholders by taking appropriate initiatives in developing the downstream oil and gas sector within the framework of the State's general policy of modernization and development and strengthening the pillars of the country's national economy.<br><br></p><p><br></p> | WOQOD achieves QR 482 million at the end of the First Half of the year 2024 | | 08/01/2024 9:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| Eid Mubarak | Eid Mubarak | https://www.woqod.com/EN/MediaCenter/News/Pages/Eid-Mubarak-2024-Adha.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/56a49ef8-f09d-4848-b340-419f9a9e4edb.png?RenditionID=31" width="538" style="BORDER:0px solid;" /> | | | | | | | | <p>Eid Mubarak<br></p> | Eid Mubarak | | 06/12/2024 9:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| Qatar Fuel (WOQOD) in collaboration with ELAN Media launches State-of-the-Art Digital Out-of-Home (DOOH) at Key WOQOD Petrol Stations | Qatar Fuel (WOQOD) in collaboration with ELAN Media launches State-of-the-Art Digital Out-of-Home (DOOH) at Key WOQOD Petrol Stations | https://www.woqod.com/EN/MediaCenter/News/Pages/Qatar-Fuel-(WOQOD)-in-collaboration-with-ELAN-Media-launches-State-of-the-Art-Digital-Out-of-Home-(DOOH)-at-Key-WOQOD-Petro.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/photo%20for%20intranet%20News%20article.png?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p><br></p><p>20 May 2024, Doha – Qatar: Qatar Fuel (WOQOD) the leading fuel distribution and marketing services company in the State of Qatar and ELAN Media the Qatar's leading digital advertising company have entered an exclusive partnership to provide high end Digital Out-of-Home (DOOH)<strong> </strong>advertising screen in selected WOQOD stations.</p><p>As part of the 10-year agreement, ELAN Media will spearhead the development and exclusive operation of Digital Out-of-Home (DOOH) at five strategically located WOQOD petrol stations at Wholesale Market, Al Bidda, Wadi Al Banat, Al Hilal, and at Old Slata. The DOOH screens will be managed by ELAN Media from its digital advertising hub, ELAN Live, a cloud-based campaign management software, ensuring seamless and secure operations.</p><p>The newly installed DOOH screens will integrate cutting-edge technology, including InMotion, an analytics platform developed by ELAN Media, Ooredoo and Kido Dynamics. This technology will provide advertisers with near-real-time insights into campaign performance.</p><p>“The deployment of ELAN Media's Digital Out-of-Home (DOOH) is a game-changer for our advertising efforts," stated Saad Rashid Al-Muhannadi Managing Director and CEO at Qatar Fuel (WOQOD). He continued: "This partnership aligns perfectly with our commitment to utilising innovative technologies to improve service and engagement at WOQOD Petrol Stations across Qatar. We also hope to provide data-driven advertising options for those looking to leverage the high footfall at our petrol stations."</p><p>Commenting on the launch, Jaber Al Ansari, Group Chief Executive Officer at ELAN Group remarked: "We are thrilled to partner with Qatar Fuel (WOQOD) to bring our innovative digital advertising solutions to their petrol stations. The launch of our DOOH assets will deliver a blend of technology and creativity, as they are designed to engage consumers effectively and provide our clients with actionable data on their advertising campaigns, thanks to our partnerships with leading tech and telecom providers both in Qatar and globally."</p><p>Harnessing Qatar Fuel (WOQOD) extensive network and ELAN Media's industry-leading expertise, this collaboration is set to elevate audience engagement and advertising effectiveness.<br></p><p><br><br></p> | Qatar Fuel (WOQOD) in collaboration with ELAN Media launches State-of-the-Art Digital Out-of-Home (DOOH) at Key WOQOD Petrol Stations | | 05/25/2024 9:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD achieves QR 243 million at the end of First Quarter of 2024 | WOQOD achieves QR 243 million at the end of First Quarter of 2024 | https://www.woqod.com/EN/MediaCenter/News/Pages/WOQOD-achieves-QR-243-million-at-the-end-of-First-Quarter-of-2024.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/WOQOD%20Tower%20resized.jpg?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p><br></p><p> </p><p style="text-align:center;"><strong>Doha, Qatar • 29 April 2024</strong><br><strong> </strong><br><span style="text-decoration:underline;"><strong>WOQOD achieves QR 243 million at the end of First Quarter of </strong></span><span lang="AR-QA" dir="rtl" style="text-decoration:underline;"><strong>2024</strong></span></p><p>Qatar Fuel Company, hereinafter referred to as (WOQOD) 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, including airports and seaports, either by itself or through subsidiary companies “QJET, FAHES & WOQOD Marine", announced that its Board of Directors had held its Third Meeting for the year 2024 at 1:30 pm. on Monday April 29<sup>th</sup> 2024 under the chairmanship of Mr. Ahmed Saif Al-Sulaiti. The Board discussed the performance of the business operations and the financial results of WOQOD Group for the First Quarter of the year 2024 ended on 31 March 2024, compared to the results achieved in the corresponding period of the year 2023.</p><p><br>WOQOD Group net profit for the period (excluding minority rights) amounted to QR. 243 million, compared to an amount of QR. 223 million achieved in the same period in the year 2023, with an increase of QR. 20 million, representing increase rate of 9%. The earnings per share for the period amounted to QR. 0.24 compared to QR. 0.22 for the same period of last year. The increase in net profit and earnings per share compared to the same period in 2023 was driven by the increase in sales volumes.</p><p><br>In respect of petrol stations project Saad Rashid Al-Muhannadi Managing Director & Chief Executive Officer indicated that the company will add a new petrol station during the first half of 2024.<br>Al Muhannadi also explained that till the first quarter of 2024, the company managed to install 25 electric charging points in 19 petrol stations in coordination with KAHRAMAA. He further explained that WOQOD has a dynamic plan in the construction of the new petrol stations that is being reviewed periodically according to the conditions of fuels demand and the need for fuel stations.</p><p> <br>In conclusion, Al-Muhannadi assured that WOQOD's concession has been renewed for an additional five (5) years and that the vehicles technical inspection contract between FAHES and the Ministry of Interior, represented by General Directorate of Traffic, was also renewed for a similar period. He also indicated that during the coming period the company intends to work on a set of new initiatives to develop its non-petroleum activities in order to enhance the revenue from this sector, pointing out that WOQOD Group will exert all efforts to enhance the service levels, continue to focus on the efficiency improvement and operational excellence, and take all other viable measures in furtherance of the Group profitability and the achievement of its vision, mission and strategic goals an exclusive downstream oil and gas distributor, and to build a modern, robust and state-of-the-art petroleum products distribution sector within the country, in order to keep pace with the general policy of the State of Qatar in the modernization of infrastructure facilities, and to provide its services according to the best QHSSE standards, as well as achieving the best results for its valued shareholders.<br><br></p> | WOQOD achieves QR 243 million at the end of First Quarter of 2024 | | 04/28/2024 9:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD'S Eid Al-Fitr 2024 Customer Credit Support Roaster | WOQOD'S Eid Al-Fitr 2024 Customer Credit Support Roaster | https://www.woqod.com/EN/MediaCenter/News/Pages/WOQOD'S-Eid-Al-Fitr-2024-Customer-Credit-Support-Roaster.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/..........................eng.JPG" style="BORDER:0px solid;" /> | | | | | | | | <p><span style="font-size:32pt;font-family:"century gothic";color:#004594;font-weight:bold;">WOQOD'S Eid Al-Fitr 2024 Customer Credit Support Roaster</span><br><br></p> | WOQOD'S Eid Al-Fitr 2024 Customer Credit Support Roaster | | 04/03/2024 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD Annual General Assembly Meeting | WOQOD Annual General Assembly Meeting | https://www.woqod.com/EN/MediaCenter/News/Pages/WOQOD-Annual-General-Assembly-Meeting-2024.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/1.jpg?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p>Qatar
Fuel Company (WOQOD) held its Annual General Assembly Meeting at 4:30 pm on
Sunday 18 February 2024 in Al Jewan
Hall at Al Dana Club. <br><br></p> | WOQOD Annual General Assembly Meeting | | 02/18/2024 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD achieves QR 984 million at the end of the fiscal year 2023 | WOQOD achieves QR 984 million at the end of the fiscal year 2023 | https://www.woqod.com/EN/MediaCenter/News/Pages/WOQOD-achieves-QR-984-million-at-the-end-of-the-fiscal-year-2023.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/WOQOD%20Tower%20resized.jpg?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p></p><p style="text-align:center;"><strong>Doha, Qatar • 17 January 2024</strong> <br><strong> </strong><br><span style="text-decoration:underline;"><strong>WOQOD achieves QR 984 million at the end of the fiscal year 2023</strong></span></p><p>Qatar Fuel Company Q.P.S.C., hereinafter referred to as (WOQOD) 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 at the airports and seaports, either by itself or through subsidiary companies “QJET, FAHES & WOQOD Marine", announced that its Board of Directors had held its annual meeting at 1:30 pm. on Wednesday, January 17<sup>th</sup> 2024, under the chairmanship of Mr. Ahmed Saif Al-Sulaiti. The meeting was held at WOQOD Tower, where the Board discussed and approved the performance of the company's business operations and financial results of WOQOD Group for the year ended 31 December 2023 as compared to the year 2022.<br>WOQOD Group net profit for 2023 (excluding minority rights) amounted to QR 984 million, as compared to an amount of QR 1,070 million achieved in the year 2022, representing a decrease of 8%. Earnings per share for the year amounted to QR 0.99, as compared to QR 1.08 for the past year, while Shareholders Equity increased to reach QR.9.3 billion compared to QR. 9.2 billion for the year 2022. <br>The year 2023 witnessed 5% increase in total fuel sales volume, compared to 2022. Total fuel sales reached a record high of 10.7 billion liters compared to 10.1 billion liters for the year 2022, mainly driven by the increase in the volume of sales of jet fuel and gasoline, which also recorded the highest annual sales volume in the company's history. Jet fuel sales reached 5.7 billion liters and Gasoline Sales reached 2.9 billion liters, with an increase of 16% and 4% respectively as compared to 2022. Income from non-fuel retail activity has also increased by 1% compared to 2022, driven by an increase in the number of petrol stations.<br>In the field of the petrol stations projects, Mr. Saad Rashid Al-Muhannadi, Managing Director and CEO, pointed out that the company built four petrol stations during the year 2023, stressing that WOQOD's plan for stations construction is dynamic wherein stations are built on as and when required basis.</p><p>On the other hand, Mr. Al Muhannadi explained that the company in the year 2023 has achieved considerable improvement in safety performance compared to 2022, where the Loss Time Incident Frequency (LTIF) improved by 43%, while the Total Recordable Case Frequency (TRCF) improved by 53%.</p><p>Al-Muhannadi also referred to the rankings achieved by WOQOD in the multiple indexes managed by specialized entities, where WOQOD ranked 3<sup>rd</sup> among companies listed on the Qatar Exchange in the field of environment, social and Governance responsibility (ESG), in addition to securing 2<sup>nd</sup> rank among Energy Sector in the In-Country Value (ICV) rating. </p><p>Based on the company's net profits in 2023 and considering the requirements of current and future projects, the Board has recommended to the Company's Annual Shareholders General Assembly, scheduled to be held on 18/02/2024 as an original date and 25/02/2024 as an alternative date, approving the distribution of dividends to shareholders worth Qatari Riyal 0.90 per share.</p><p>In conclusion, Al-Muhannadi indicated that the Cabinet has approved the renewal of WOQOD's Concession for an additional five (5) years, indicating that WOQOD Group will continue deploying all efforts in enhancing the benefits of its shareholders and all stakeholders, by taking appropriate initiatives in developing the petroleum products distribution sector within the framework of the State of Qatar general policy of modernization, development, strengthening the pillars of the country's national economy and securing the permanent supply of fuel in accordance with the best international standards in the fields of health, security, safety and environmental considerations and externally by exploring opportunities for international growth in line with the company prescribed business scope as per its approved policies. <br><br></p><p><br><br></p> | WOQOD achieves QR 984 million at the end of the fiscal year 2023 | | 01/16/2024 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD achieves QR 712 million for the nine-months period ended 30 Sep 2023 | WOQOD achieves QR 712 million for the nine-months period ended 30 Sep 2023 | https://www.woqod.com/EN/MediaCenter/News/Pages/WOQOD-achieves-QR-712-million-for-the-nine-months-period-ended-30-Sep-2023.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/WOQOD%20Tower%20resized.jpg" style="BORDER:0px solid;" /> | | | | | | | | <p>WOQOD achieves QR 712 million for the nine-months period ended 30 Sep 2023
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 and gas within State of Qatar including airports
and seaports, announced that its Board of Directors chaired by Mr. Ahmed Saif Al-Sulaiti approved the financial
results and key performance and operational indicators of WOQOD Group for the nine-months period ended
on 30 September 2023 compared to the financial and operational results for the same period of 2022. The Board
also approved the Group Capital and Operational Budget for the year 2024.
WOQOD Group’s consolidated net profit (attributable to the shareholders of WOQOD) for the period ended
30th September 2023 amounted to QR. 712 million, compared to an amount of QR. 763 million achieved for
the same period of 2022, showing a decrease of QR. 51 million, representing a decrease rate of 7%. The earnings
per share for the period amounted to QR. 0.72 per share compared to QR. 0.77 for the same period last year.
The decrease in net profit and earnings per share was due to supply and demand factors for petroleum products
during the report period.
In the field of the petrol stations projects, Mr. Saad Rashid Al-Muhannadi, Managing Director and CEO, pointed
out that the petrol stations operated by the company are currently 117 stations. He also explained that the
company intends to add another station before the end of this year, bringing the number to 118 stations, stressing
that WOQOD's plan in stations construction is a dynamic plan whereupon the stations are built on as and when
basis i.e.as per the current and future requirements to build/avail a petrol station. He further explained that the
company has completed installation of 26 Electrical Vehicle Chargers EVC in 19 petrol stations in cooperation
with KAHRAMAA, in addition to WOQOD studying several other options in order to increase the income from
non-petroleum products segments, which will be applied during the current year.
In conclusion, Al-Muhannadi indicated that the Cabinet has approved the renewal of WOQOD’s Concession
for an additional five (5) years, indicating that WOQOD Group will continue deploying all efforts in enhancing
the benefits of its shareholders and all stakeholders, by taking appropriate initiatives in developing the petroleum
products distribution sector within the framework of the State of Qatar general policy of modernization,
development, strengthening the pillars of the country's national economy and securing the permanent supply of
fuel in accordance with the best international standards in the fields of health, security, safety and environmental
considerations.<br><br></p> | WOQOD achieves QR 712 million for the nine-months period ended 30 Sep 2023 | | 10/17/2023 9:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD's Chairman Honored at Abdulla bin Hamad Al-Attiyah International Energy Awards. | WOQOD's Chairman Honored at Abdulla bin Hamad Al-Attiyah International Energy Awards. | https://www.woqod.com/EN/MediaCenter/News/Pages/WOQOD's-Chairman-Honored-at-Abdulla-bin-Hamad-Al-Attiyah-International-Energy-Awards.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/Chairman%202.png?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p><img src="/EN/MediaCenter/News/PublishingImages/Pages/WOQOD%27s-Chairman-Honored-at-Abdulla-bin-Hamad-Al-Attiyah-International-Energy-Awards/Chairman%203.png" alt="Chairman 3.png" style="margin:5px;" /><br><img src="/EN/MediaCenter/News/PublishingImages/Pages/WOQOD%27s-Chairman-Honored-at-Abdulla-bin-Hamad-Al-Attiyah-International-Energy-Awards/Chairman%201.jpg" alt="Chairman 1.jpg" style="margin:5px;" /></p><p><span class="ui-provider ec baa bab bac bae baf bag bah bai baj bak bal bam ban bao bap baq bar bas bat bau bav baw bax bay baz bba bbb bbc bbd bbe bbf bbg bbh bbi" dir="ltr">His Excellency Mr. Abdullah bin Hamad Al-Attiyah awarded Mr. Ahmed Saif Al-Sulaiti, Chairman of the Board of Directors of Qatar Fuel WOQOD, with the Abdullah bin Hamad Al-Attiyah International Energy Awards For Lifetime Achievment in a ceremony held on Thursday 12th October. </span><br><br></p> | WOQOD's Chairman Honored at Abdulla bin Hamad Al-Attiyah International Energy Awards. | | 10/16/2023 9:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| “WOQOD” Opens Mekaines -2 New Petrol Station | “WOQOD” Opens Mekaines -2 New Petrol Station | https://www.woqod.com/EN/MediaCenter/News/Pages/“WOQOD”-Opens-Mekaines--2-New-Petrol-Station.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/.................................................................................................Mekaines%20-2%20WPS,%20Ph-1.jpg?RenditionID=31" width="538" style="BORDER:0px solid;" /> | | | | | | | | <p><br><br></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>Mekaines -2 New 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 – 11/09/2023. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel “WOQOD" opened Mekaines -2 petrol station, at Mekaines Area, on Monday 11/09/2023.</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 Mekaines Area, 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;">The new Mekaines -2 petrol station is spread over an area of <strong>12800</strong> square meters and has 3 lanes with 6 dispensers for light vehicles, and 2 lanes with 2 dispensers for diesel for Heavy Vehicles, which will serve the Mekaines area, and its neighborhood.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Mekaines -2 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 and heavy vehicles.<br></p><p><br></p> | “WOQOD” Opens Mekaines -2 New Petrol Station Doha – 11/09/2023. As part of WOQOD’s ongoing expansion plans to be able to serve every area in Qatar, Q | | 09/11/2023 9:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD extends Petroleum Products Sale & Purchase Agreement with QatarEnergy | WOQOD extends Petroleum Products Sale & Purchase Agreement with QatarEnergy | https://www.woqod.com/EN/MediaCenter/News/Pages/WOQOD-extends-Petroleum-Products-Sale-&-Purchase-Agreement-with-QatarEnergy.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/WOQOD%20Tower.jpg" style="BORDER:0px solid;" /> | | | | | | | | <p></p><p style="text-align:center;"><span style="text-decoration-line:underline;"><strong> </strong></span><br><span style="text-decoration-line:underline;"><strong>WOQOD extends Petroleum Products Sale & Purchase Agreement with QatarEnergy</strong></span></p><p> <br>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) announced it has signed Agreements with QatarEnergy to extend the current Agreement for the Sale & Purchase of Petroleum Products, namely Jet A-1, Refined Products, and LPG, for a further period of five years expiring on 30/09/2028.<br>WOQOD's Managing Director and CEO, Saad Rashid Al-Muhannadi expressed his profound thanks and appreciation for the great confidence in WOQOD by QatarEnergy and the State of Qatar, and for the continuous support to WOQOD in its efforts to distribute petroleum products in the State of Qatar.<br>He went on to emphasize WOQOD's persistent efforts in providing its services according to the highest standards, using modern distribution system comprising stations and distribution and transport networks. WOQOD will ensure implementation of the best security, safety, health, and environment standards.<br>In conclusion, Al-Muhannadi indicated that these agreements will enhance the benefits of its valued shareholders and stakeholders while ensuring development and strengthening WOQOD's distribution network.</p><p style="text-align:center;"><strong> </strong><br><strong> </strong><br><strong>-End-</strong></p><p><br><br></p> | WOQOD extends Petroleum Products Sale & Purchase Agreement with QatarEnergy | | 08/13/2023 9:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD achieves QR 440 million at the end of the First Half of the year 2023 | WOQOD achieves QR 440 million at the end of the First Half of the year 2023 | https://www.woqod.com/EN/MediaCenter/News/Pages/WOQOD-achieves-QR-440-million-at-the-end-of-the-First-Half-of-the-year-2023.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/WOQOD%20Tower%20resized.jpg?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p></p><p style="box-sizing:content-box;font-family:"architype renner w01 md";font-size:14px;background-color:#ffffff;text-align:center;"><span style="box-sizing:content-box;text-decoration-line:underline;"><span style="box-sizing:content-box;font-weight:700;">WOQOD achieves QR 440 million at the end of the First Half of the year 2023</span></span></p><p style="box-sizing:content-box;font-family:"architype renner w01 md";font-size:14px;background-color:#ffffff;">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 chaired by Mr. Ahmed Saif Al-Sulaiti approved the financial results of WOQOD Group for the First Half of the year 2023 ended on 30 June 2023, compared to the results achieved in the corresponding period of the year 2022.<br style="box-sizing:content-box;">WOQOD Group's net profit for the period (excluding minority rights) amounted to QR. 440 million, compared to an amount of QR. 501 million achieved in the same period of the year 2022, with a decrease of QR. 61 million, representing a decrease of 12%. The earning per share for the period amounted to QR. 0.44 per share compared to QR. 0.50 for the same period of the last year.<br style="box-sizing:content-box;">The decrease in net profit and earnings per share was due to lower sales volume of diesel and associated income driven by lower B2B sales due to the completion of major infrastructure projects, as well as the reduction of fuel prices during the period.<br style="box-sizing:content-box;">On the other hand, Mr. Saad Rashid Al Muhannadi, CEO and Managing Director, indicated that the total fuel sales volume for the period have increased by 2% compared to the same period of the year 2022, driven by the increase in Jet fuel sales by 11%. He also mentioned that the construction of petrol stations is a dynamic exercise, indicating that the company will build one petrol station by the end of this year 2023, that WOQOD, in cooperation with KARAMAA, has completed installation of 23 EV charging points at 17 petrol stations, as well as working on many initiatives to improve the non-fuel revenue during the year 2023. <br style="box-sizing:content-box;">In conclusion, Al-Muhannadi indicated that WOQOD Group will move forward in enhancing the benefits of its valued shareholders and all stakeholders by taking appropriate initiatives in developing the downstream oil and gas sector within the framework of the State's general policy of modernization and development and strengthening the pillars of the country's national economy.<br></p><p><br></p> | WOQOD achieves QR 440 million at the end of the First Half of the year 2023 | | 07/18/2023 9:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD's Eid Al-Adha Customer Credit Support Roaster. | WOQOD's Eid Al-Adha Customer Credit Support Roaster. | https://www.woqod.com/EN/MediaCenter/News/Pages/WOQOD's-Eid-Al-Adha-Customer-Credit-Support-Roaster.aspx | <img alt="" src="/PublishingImages/Media%20Gallery/Finance%20Team%20Members%20-%20Eid%20AlAdha%202023%20English.jpg?RenditionID=31" style="BORDER:0px solid;" /> | | | | | | | | <p><span style="font-size:18pt;font-family:arial;color:black;"><span style="font-size:14pt;font-family:arial;color:black;">During
Eid Al-Adha 2023 holidays the below WOQOD team members will be available for
any customer support:</span></span></p><table cellspacing="0" width="100%" class="ms-rteTable-default"><tbody><tr><td class="ms-rteTable-default" style="width:25%;"><strong>STAFF</strong></td><td class="ms-rteTable-default" style="width:25%;"><strong>DAY</strong></td><td class="ms-rteTable-default" style="width:25%;"><strong>DATE</strong></td><td class="ms-rteTable-default" style="width:25%;"><strong>TIMINGS</strong></td></tr><tr><td class="ms-rteTable-default">Mohammed Baker/Farah</td><td class="ms-rteTable-default">Tuesday</td><td class="ms-rteTable-default">27.06.2023</td><td class="ms-rteTable-default">10AM - 12PM</td></tr><tr><td class="ms-rteTable-default">Mohammed Baker/Farah</td><td class="ms-rteTable-default">Wednesday</td><td class="ms-rteTable-default">28.06.2023</td><td class="ms-rteTable-default">10AM - 12PM</td></tr><tr><td class="ms-rteTable-default">Mohammed Baker/Farah</td><td class="ms-rteTable-default">Thursday</td><td class="ms-rteTable-default">29.06.2023</td><td class="ms-rteTable-default">10AM - 12PM</td></tr><tr><td class="ms-rteTable-default">Mohammed Baker/Farah</td><td class="ms-rteTable-default">Sunday</td><td class="ms-rteTable-default">02.07.2023</td><td class="ms-rteTable-default">10AM - 12PM</td></tr><tr><td class="ms-rteTable-default">Mohammed Baker/Farah</td><td class="ms-rteTable-default">Monday</td><td class="ms-rteTable-default">03.07.2023</td><td class="ms-rteTable-default">10AM - 12PM<br></td></tr></tbody></table><p><br></p><p><span style="font-size:14pt;font-family:arial;color:black;font-style:italic;">Note:
This roster is based on Tentative </span><span style="font-size:14pt;font-family:arial;color:black;font-style:italic;">Bank
holidays</span><span style="font-size:14pt;font-family:arial;color:black;font-style:italic;">
and is subject to the pending QCB announcement. The actual holidays may vary
based on QCB announcement.</span><br></p><p><span style="font-size:18pt;font-family:arial;color:black;"><span style="font-size:14pt;font-family:arial;color:black;">Customers can deposit their cheques
payments to the bank directly if WOQOD office is closed.</span></span></p><p><span style="font-size:18pt;font-family:arial;color:black;"><span style="font-size:14pt;font-family:arial;color:black;"></span><span style="font-size:14pt;font-family:arial;color:black;">For any information please contact:
77115840/40217777</span></span><br><br></p> | WOQOD's Eid Al-Adha Customer Credit Support Roaster. | | 06/25/2023 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
