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WOQOD achieves QR 691 million for the 9 months period ended 30 Sep 2021

WOQOD achieves QR 691 million for the 9 months period ended 30 Sep 2021Qatar 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 seaport, 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 9 months period ended on 30 September 2021 compared to the financial and operational results for the same period of 2020. The Board has also approved the Group Capital and Operational Budget for the year 2022.WOQOD Group’s consolidated net profit (attributable to the shareholders of WOQOD) for the period ended 30th September 2021 amounted to QR. 691 million, compared to an amount of QR. 429 million achieved for the same period of 2020, showing an increase of QR. 262 million, representing an increase rate of 61%. The earning per share for the period amounted to QR. 0.69 per share compared to QR. 0.43 for the same period last year.The increase in net profit and earnings per share was due to a noticeable improvement in the performance of most of the Group's activities and revenues in conjunction with the economic recovery from the COVD-19 pandemic, coupled with the efforts exerted towards implementing the approved optimization policy in the Group's business.In the field of the petrol stations Projects, Mr. Saad Rashid Al-Muhannadi, Managing Director and CEO, pointed out that year to date, the company has opened 5 new petrol stations, bringing the number of stations operated by the company to 110. Further, the company plans to add 1 more station before the end of this year, taking the number of stations to 111. The company plans to build & operate an additional 11 petrol stations before the Football World Cup 2022 kick-off so as to have 122 stations. As a result of the increase in petrol stations, WOQOD market share has reached 85% in the retailing of fuel products and this is expected to grow in the upcoming years.In conclusion, Al-Muhannadi indicated that WOQOD Group has been closely monitoring the developments of the COVID-19 pandemic and working with its partners in combating the spread and limiting the negative effects of COVID-19. WOQOD has issued and applied a suitable, flexible and effective business plan to ensure the continuity of its activities on regular basis and in line with the health, safety, security and as per the prevalent sanitation standards in force in the Oil and Gas industry.

WOQOD achieves QR 691 million for the 9 months period ended 30 Sep 2021

10/20/2021 10:00:00 PM

“WOQOD” Opens Waterfront New Petrol Station.

"WOQOD" Opens Waterfront New Petrol Station Doha – 03/08/2021. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Waterfront petrol station, at Lusail City, on Tuesday 03/08/2021, and by this it raised its network of fixed and mobile petrol stations to 108.WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new fixed petrol station in Waterfront, Lusail City, 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."New Waterfront petrol station is spread over an area of 8350 square meters and has 3 lanes with 6 dispensers for light vehicles, which will serve Waterfront, Lusail City, and its neighborhood.Waterfront petrol station offers round-the-clock services to residents, and includes Sidra convenience store, and sale of LPG cylinders "SHAFAF", in addition to providing all kinds of petroleum products for light vehicles.

"WOQOD" Opens Waterfront New Petrol Station

8/2/2021 10:00:00 PM

Finance department working hours during Eid Al-Adha Holidays 2021

Finance department working hours during Eid Al-Adha Holidays 2021

Finance department working hours during Eid Al-Adha Holidays 2021

7/14/2021 10:00:00 PM

Statement and clarification on the percentage of purification of Qatar Fuel (WOQOD) shares.

We would like to inform our valued customers that Dr. Ali Mohieddin Al-Qaradaghi, Secretary-General of the International Union of Muslim Scholars, announced in a statement that, as of July 1, 2021, the percentage of purification of profit for Qatar Fuel Company (WOQOD) shares has become 10.77%, and the value of purification of the stock is 0.079, after the interest rate decreased.It is worth noting that this percentage is still more than the percentage approved in Sharia Standard No. 21 (for AAOIFI), which is that the percentage of forbidden revenue does not exceed 5% of the total revenue.

Statement and clarification on the percentage of purification of Qatar Fuel (WOQOD) shares.

7/12/2021 10:00:00 PM

WOQOD achieves QR 461 million at the end of the First Half of the year 2021

Doha, Qatar • 11 July 2021 WOQOD achieves QR 461 million at the end of the First Half of the year 2021Qatar 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 2021 ended on 30 June 2021, compared to the results achieved in the corresponding period of the year 2020.WOQOD Group’s net profit for the period (excluding minority rights) amounted to QR. 461 million, compared to an amount of QR. 270 million achieved in the same period of the year 2020, with an increase of QR. 191 million, representing an increase rate of 71%. The earning per share for the period amounted to QR. 0.46 per share compared to QR. 0.27 for the same period of the last year.The increase in net profit and earnings per share was due to a noticeable improvement in the performance of most of the Group's activities and sales in conjunction with the signs of recovery from the Corona pandemic, coupled with the increased efforts exerted towards implementing the Group already approved efficiency policy in the Group's business.In the field of the petrol stations project, Mr. Saad Rashid Al-Muhannadi pointed out that since the beginning of 2021 to date the company has opened 2 petrol stations, bringing the number of stations currently operated by the company to 107, and explained that the company plans to add four more stations by the end of this year and the number will rise to 111 stations, while the company plans to build seven petrol stations in 2022, to bring the number of stations to 118 stations. As a result of the increase in petrol stations numbers, WOQOD share in the fuel products retail market has reached 85%, which is expected to reach 90% over the next few years.On the other hand, Al Muhannadi explained that in order to increase the effectiveness in the Technical Inspection Centers, the company in coordination with the General Directorate of Traffic took appropriate measures to avoid any wait for our valued customers, and has increased the working hours of Technical Inspection Centers, especially in high-density centers, where working hours in some centers such as Mesimier and Wadi Al-Banat reached 18 hours per day.In conclusion, Al-Muhannadi indicated that WOQOD has been closely monitoring the developments of the Corona pandemic and working with its partners to coordinate the combating the spread and limiting the negative effects of COVID-19. WOQOD had issued and applied a suitable, flexible and effective business plan to ensure the continuity of its 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, in order to implement the best standards and measures issued in this regard.

WOQOD achieves QR 461 million at the end of the First Half of the year 2021

7/10/2021 10:00:00 PM

Finance team working hours during Eid Al Fitr 2021

Finance team working hours during Eid Al Fitr 2021

Finance team working hours during Eid Al Iftar 2021

5/5/2021 10:00:00 PM

WOQOD Opens Ras Laffan New Petrol Station

"WOQOD" Opens Ras Laffan New Petrol Station, Doha – 18/04/2021. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Ras Laffan petrol station, at Ras Laffan Industrial City, on Sunday 00/04/2021, and by this it raised its network of petrol stations to 107. WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: We are pleased to open a new petrol station in Ras Laffan Industrial City, 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. New Ras Laffan petrol station is spread over an area of 15000 square meters and has 3 lanes with 9 dispensers for light vehicles, and 2 lanes with 4 dispensers for Heavy Vehicles, which will serve Ras Laffan Industrial City, and its neighborhood. Ras Laffan 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 and Heavy Vehicles.

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4/17/2021 10:00:00 PM

WOQOD achieves QR 253 million at the end of the First Quarter of the year 2021

Doha, Qatar • 14 April 2021 WOQOD achieves QR 253 million at the end of the First Quarter of the year 2021Qatar 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 Qatarو including airports and seaports, either by itself or through subsidiary ‎companies "QJET, FAHES & WOQOD Marine", announced that its Board of Directors had held its Second meeting for the year 2021 at 1:30 pm. on Wednesday April 14th 2021 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 facility. The Board discussed the performance of the business operations and the financial results of WOQOD Group for the First Quarter of the year 2021 ended on 31 March 2021, compared to the same results achieved in the corresponding period of the year 2020.WOQOD Group net profit for the period (excluding minority rights) amounted to QR. 253 million, compared to an amount of QR. 226 million achieved in the same period in the year 2020, with an increase of QR. 27 million, representing an increase rate of 12%. The earning per share for the period amounted to QR. 0.25 compared to QR. 0.23 for the same period of last year 2020.The increase in net profit and earnings per share compared to the same period in 2020 was due to the relative increase in sales of petroleum and non-petroleum products, and to a 15% reduction in administrative and general expenditures costs prompted by the implementation of the efficiency and cost optimization policy. As for the company's operations, Mr. Saad Rashid Al Muhannadi, Managing Director and CEO, explained that the First Quarter of 2021 witnessed an increase in diesel sales by 3%, super gasoline sales by 10%, natural gas by 21%, retail fuel sales by 4% and non-petroleum retail sales by 5%, thanks to the opening of several additional fuel stations in the period following the first quarter of 2020. On the other hand, jet fuel sales decreased by 23% compared to the same period in the year 2020, due to the decline in airline activities following the spread of the Corona pandemic and restrictions imposed on many airports around the world. On the other hand, Al Muhannadi explained that during the first quarter of 2021the company opened a new gas station in Al Mearad area, and therefore the total number of stations by the end of the first Quarter 2021 amounted to 107 stations. He explained that the company intends to complete the construction of five (5) more new stations by the end of the fourth quarter of 2021, and further explained that WOQOD has a dynamic plan in the construction of the new stations that is being reviewed periodically according to the conditions of fuels demand and the need for fuel stations.In conclusion, Al-Muhannadi stressed that WOQOD has been closely coordinating and cooperating with all partners in order to implement the official directives issued by the State of Qatar with the aim of combating the spread of the corona "COVID-19" pandemic. He also indicated that WOQOD being the exclusive downstream oil and gas supplier in the State of Qatar responsible for ensuring the continuous supply of petroleum products to all sectors in Qatar, issued and implemented a flexible and effective plan for the continuity of supply operations for those sectors.

WOQOD achieves QR 253 million at the end of the First Quarter of the year 2021

4/13/2021 10:00:00 PM

WOQOD & Subsidiaries Awarded ISO 27001 Certification

Doha – 01/04/2021. WOQOD & Subsidiaries announced that its Integrated Management System (IMS) has been awarded the ISO 27001 certification with the scope covering all products, services and support processes. ISO 27001 is one of the most sought-after information security standards in the world, with certifications growing by more than 450% in the past ten years. It's globally recognized as the benchmark for good security practice and supports compliance with a host of laws, including the Qatar's NIA regulations. The integration of ISO 27001 to WOQOD & Subsidiaries existing Integrated Management System is an equally significant milestone ensuring efficient and effective use of resources allocated to management system elements. IMS Certification to 4 standards show top management buy-in and commitment to IMS and related initiatives as well as strong employee engagements. WOQOD’s Managing Director & CEO, Mr. Saad Rashid Al Muhannadi, said: “Achieving the ISO 27001:2015 certification, WOQOD & Subsidiaries have shown its commitment to information security management system and proves that we have all the necessary controls in place to ensure that this strict standard is met by our technology, people and processes.” He also added: “our IMS demonstrated that our system can be effective in achieving desired results while ensuring efficiency in use of our shared resources as a single organization. With these certifications, our processes, procedures and governance frameworks have been vetted against rigid international standards and best practices.” With the addition of ISO 27001 Certification, the Integrated Management System (IMS) of Qatar Fuel (WOQOD) & Subsidiaries has now four ISO Standards Certification, which includes ISO 9001:2015 (quality management), ISO 14001:2015 (environmental management), ISO 45001 (occupational health & safety management.)

WOQOD & Subsidiaries Awarded ISO 27001 Certification

3/31/2021 10:00:00 PM

WOQOD held its Annual General Assembly Meeting AGM 2021

Qatar Fuel Company (WOQOD) held its Annual General Assembly Meeting at 6:30 pm on Monday 08 March 2021 at WOQOD Tower via a video conferencing tool (Zoom).

WOQOD held its Annual General Assembly Meeting

3/7/2021 10:00:00 PM

REMINDER: INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING

The Board of Directors of Qatar Fuel Company Q.P.S.C. ("WOQOD") are pleased to invite you to attend the Ordinary General Assembly Meeting to be held on Monday, 8th March 2021 at 06:30 PM. Kindly note that in compliance with the instructions issued by the Ministry of Health to limit the spread of the Coronavirus pandemic, the Ordinary General Meeting will be held virtually using the Zoom application. In case the quorum of the above meeting is not met, the second meeting shall be held on Wednesday, 10th March 2021, at the same time. Agenda of the Annual General Assembly Meeting:<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 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> Ahmad Saif Al-Sulaiti Chairman of the Board of DirectorsNote:<ul style="list-style-type:disc;"><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>The shareholders are required to register two hours before the meeting. Registration will be accepted in person at WOQOD Tower, West Bay, Doha. Upon the completion of the registration procedure, the shareholder will be sent a link, which will direct him to the virtual meeting room on the Zoom application. </li><li>A shareholder may appoint another shareholder to attend meeting on his behalf, using the proxy form available on company's website by clicking <a href="/EN/AboutUs/InvestorRelations/Pages/Board-of-Directors-Election.aspx" style="text-decoration:underline;">here</a>, 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 next working day 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>

REMINDER: INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING

3/2/2021 10:00:00 PM

INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING

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. Agenda of the Annual General Assembly Meeting:<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> Ahmad Saif Al-Sulaiti Chairman of the Board of DirectorsNote:<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 <a href="/EN/AboutUs/InvestorRelations/Documents/AGM/Proxy%20form%20-%202021.pdf">here</a>, 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 next working day 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 MEETING

2/23/2021 10:00:00 PM

“WOQOD” Opens Al Mearad-3 New WOQOD Petrol Station

"WOQOD" Opens Al Mearad-3 New WOQOD Petrol Station 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 109. 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." New Al Mearad-3 WOQOD petrol station is spread over an area of 15400 square meters and has 3 lanes with 9 dispensers for light vehicles, which will serve Al Mearad, and its neighborhood. 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 -Ends-

"WOQOD" Opens Al Mearad-3 New WOQOD Petrol Station

2/21/2021 10:00:00 PM

Alert of fake mails resembling WOQOD Company.

Fake E-mail Alert Beware of fake mails resembling WOQOD It has been brought to WOQOD’s notice that an e-mail scam campaign is active whereby <a name="_Hlk62394719">Contractors & Suppliers in Qatar </a>are invited for an illegitimate Tender purporting to originate from Qatar Fuel (WOQOD) with huge value projects and asking Contractors & Suppliers to pay Security Fees. WOQOD would like to caution Contractors & Suppliers in Qatar to undertake due diligence before engaging in such fraudulent e-mails. WOQOD also publishes Tender on its Website <a href="https://www.woqod.com/EN/Business/Tenders/Pages/default.aspx">https://www.woqod.com/EN/Business/Tenders/Pages/default.aspx</a>. 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. Best Regards, Public Relation- WOQOD

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.

Doha, Qatar • 20 January 2021 WOQOD achieves QR 707 million at the end of the fiscal year 2020 Qatar Fuel Company, 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) , 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 20th 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 ‏facility,‎ where the Board discussed and approved – inter alia- 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. In conclusion, Al Muhannadi assured that the company’s management and its board of directors will exert ‎all efforts to maintain and enhance the service levels and profit status of the company, to achieve its vision ‎mission and strategic goals as a pioneer downstream oil and gas company at the regional level and to build ‎a modern, robust and state-of-the-art petroleum products distribution sector within the country, in order to ‎keep up with the general policy of the State of Qatar in the modernization of infrastructure facilities, and to ‎provide the best services according to the best QHSSE standards, and achieve the best results for its valued ‎shareholders.‎

WOQOD achieves QR 707 million at the end of the fiscal year 2020

1/19/2021 10:00:00 PM

“WOQOD” Opens Lebsayyer New WOQOD Petrol Station

"WOQOD" Opens Lebsayyer New WOQOD Petrol Station 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 108. 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." New Lebsayyer WOQOD petrol station is spread over an area of 10,800 square meters and has 4 lanes with 8 dispensers for light vehicles, which will serve Lebsayyer area, and its neighborhood. 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.

"WOQOD" Opens Lebsayyer New WOQOD Petrol Station

12/30/2020 10:00:00 PM

"WOQOD" Opens Al Mearad -4 New WOQOD Petrol Station

"WOQOD" Opens Al Mearad -4 New WOQOD Petrol Station 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 107. 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." New Al Mearad-4 WOQOD petrol station is spread over an area of 8000 square meters and has 4 lanes with 8 dispensers for light vehicles, which will serve Al Mearad area, and its neighborhood. 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

"WOQOD" Opens Al Mearad -4 New WOQOD Petrol Station

12/22/2020 10:00:00 PM

“WOQOD” partnered with talabat home delivery

"WOQOD" partnered with talabat home delivery 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. 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. "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.

"WOQOD" partnered with talabat home delivery

10/28/2020 10:00:00 PM

WOQOD achieves QR 429 million at the end of the Third Quarter of the year 2020

Doha, Qatar • 14 October 2020 WOQOD achieves QR 429 million at the end of the Third Quarter of the year 2020Qatar 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 14th 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.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.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.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.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.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.In the field of the petrol stations project Mr. Al Muhannadi pointed out that the petrol stations operated by "WOQOD" as of October 15th 2020 totaled to 106 stations, whereas the company intends to add five (5) more stations by the end of the current year 2020. 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. 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.

WOQOD achieves QR 429 million at the end of the Third Quarter of the year 2020

10/13/2020 10:00:00 PM

“WOQOD” Opens Al Wajba -3 New WOQOD Petrol Station

"WOQOD" Opens Al Wajba -3 New WOQOD Petrol Station 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 106. 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." 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. 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.

"WOQOD" Opens Al Wajba -3 New WOQOD Petrol Station

10/3/2020 10:00:00 PM

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WOQOD achieves QR 691 million for the 9 months period ended 30 Sep 2021

10/20/2021 10:00:00 PM

600

“WOQOD” Opens Waterfront New Petrol Station.

"WOQOD" Opens Waterfront New Petrol Station

8/2/2021 10:00:00 PM

599

Finance department working hours during Eid Al-Adha Holidays 2021

Finance department working hours during Eid Al-Adha Holidays 2021

Finance department working hours during Eid Al-Adha Holidays 2021

7/14/2021 10:00:00 PM

598

Statement and clarification on the percentage of purification of Qatar Fuel (WOQOD) shares.

7/12/2021 10:00:00 PM

597

WOQOD achieves QR 461 million at the end of the First Half of the year 2021

7/10/2021 10:00:00 PM

596

Finance team working hours during Eid Al Fitr 2021

Finance team working hours during Eid Al Fitr 2021

Finance team working hours during Eid Al Iftar 2021

5/5/2021 10:00:00 PM

595

WOQOD Opens Ras Laffan New Petrol Station

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4/17/2021 10:00:00 PM

594

WOQOD achieves QR 253 million at the end of the First Quarter of the year 2021

4/13/2021 10:00:00 PM

593

WOQOD & Subsidiaries Awarded ISO 27001 Certification

WOQOD & Subsidiaries Awarded ISO 27001 Certification

3/31/2021 10:00:00 PM

592

WOQOD held its Annual General Assembly Meeting AGM 2021

Qatar Fuel Company (WOQOD) held its Annual General Assembly Meeting at 6:30 pm on Monday 08 March 2021 at WOQOD Tower via a video conferencing tool (Zoom).

WOQOD held its Annual General Assembly Meeting

3/7/2021 10:00:00 PM

590

REMINDER: INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING

3/2/2021 10:00:00 PM

589

INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING

2/23/2021 10:00:00 PM

586