| Finance team working hours during Eid Al Fitr 2021 | <p></p>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 | <p></p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Ras Laffan 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 – 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 <strong>107</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: We are pleased to open a new petrol station in 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.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">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.</p><p style="text-align:justify;"> </p><p>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.</p> | click here for more information | | 4/17/2021 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD achieves QR 253 million at the end of the First Quarter of the year 2021 | <p></p><p style="text-align:center;"><strong>Doha, Qatar • 14 April 2021</strong> </p><p style="text-align:center;"><strong> </strong></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong>WOQOD achieves QR 253 million at the end of the First Quarter of the year 2021</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 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 14<sup>th</sup> 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.</p><p>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.</p><p>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. </p><p>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. </p><p>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.</p><p>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.</p> | 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 | <font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:14pt;"><font color="#000000">Doha –<span dir="RTL"><font face="Arial" size="5"> </font></span>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. </font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:14pt;"><font color="#000000">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. </font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;text-align:justify;line-height:115%;"><span style="line-height:115%;font-family:"arial",sans-serif;font-size:14pt;"><font color="#000000">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.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="background:white;margin:0in 0in 0pt;line-height:21pt;vertical-align:baseline;"><span style="color:black;font-family:"arial",sans-serif;font-size:14pt;">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.” </span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="background:white;margin:0in 0in 0pt;line-height:21pt;vertical-align:baseline;"><span style="color:black;font-family:"arial",sans-serif;font-size:14pt;">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.) </span></p><font color="#000000" face="Times New Roman" size="3">
</font><p></p> | WOQOD & Subsidiaries Awarded ISO 27001 Certification | | 3/31/2021 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD held its Annual General Assembly Meeting AGM 2021 | <p> 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).</p> | WOQOD held its Annual General Assembly Meeting | | 3/7/2021 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| REMINDER: INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING | <p style="text-align:justify;">The Board of Directors of Qatar Fuel Company Q.P.S.C. ("WOQOD") are pleased to invite you to attend the Ordinary General Assembly Meeting to be held on Monday, <strong>8th March 2021 at 06:30 PM</strong>. 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 <strong>Zoom application</strong>. In case the quorum of the above meeting is not met, the second meeting shall be held on Wednesday, 10<sup>th</sup> March 2021, at the same time.</p><p style="text-align:justify;"> </p><p style="text-align:justify;"><strong>Agenda of the Annual General Assembly Meeting:</strong></p><ol style="list-style-type:decimal;"><li>Opening Speech by the Chairman of the Board of Directors.</li><li>Present and approve the Board of Directors report for the year ended on 31st December 2020. </li><li>Discuss and approve the External Auditors' Report on the Financial Statements for 2020.</li><li>Discuss and approve the Financial Statements for 2020. </li><li>Approval of recommendation of the Board to distribute cash dividend for the year 2020.</li><li>Discuss and approve the Corporate Governance Report for the year 2020.</li><li>Discharging members of the Board of Directors from responsibility for the year 2020 and determining their remuneration.</li><li>Approval of the appointment of external auditors and their remuneration for the year 2021.</li></ol><p style="text-align:justify;"> <strong>Ahmad Saif Al-Sulaiti</strong></p><p style="text-align:justify;"> Chairman of the Board of Directors</p><p style="text-align:justify;">Note:</p><ul style="list-style-type:disc;"><li>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, <strong>the shareholder will be sent a link</strong>, 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;"><strong class="ms-rteForeColor-2" style="text-decoration:underline;">here</strong></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 <span style="text-decoration:underline;"><strong>next working day</strong></span> after approval of the AGM and can be collected from any QNB branch.</li><li>This invitation shall be considered as a legal invitation for all shareholders without the need to send private invitations through mail in accordance with Law No. (11) For 2015.</li></ul> | REMINDER: INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING | | 3/2/2021 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING | <p></p><p style="text-align:justify;">The Board of Directors of Qatar Fuel Company Q.P.S.C. ("WOQOD") is pleased to invite you to attend the Ordinary General Assembly Meeting to be held on Monday, 8th March 2021 at 06:30 PM through web-meeting, subject to Ministry of Commerce and Industry approval. In the event of any Corona pandemic related changes, the alternative location will be at WOQOD Tower, West Bay, Doha. In case of absence of quorum, the alternative General Assembly Meeting will be held on Wednesday, 10th March 2021 at 06:30 PM through web-meeting, subject to Ministry of Commerce and Industry approval, and the alternative location will be at WOQOD Tower, West Bay, Doha.</p><p style="text-align:justify;"> </p><p style="text-align:justify;"><strong>Agenda of the Annual General Assembly Meeting:</strong></p><ol><li>Opening Speech by the Chairman of the Board of Directors.</li><li>Present and approve the Board of Directors report for the year ended on 31st December 2020. </li><li>Discuss and approve the External Auditors' Report on the Financial Statements for 2020.</li><li>Discuss and approve the Financial Statements for 2020. </li><li>Approval of recommendation of the Board to distribute cash dividend for the year 2020.</li><li>Discuss and approve the Corporate Governance Report for the year 2020.</li><li>Discharging members of the Board of Directors from responsibility for the year 2020 and determining their remuneration.</li><li>Approval of the appointment of external auditors and their remuneration for the year 2021.</li></ol><p style="text-align:left;"> <strong>Ahmad Saif Al-Sulaiti</strong></p><p style="text-align:left;"> Chairman of the Board of Directors</p><p style="text-align:justify;">Note:</p><ul><li>Exclusively for the inspection of the shareholders, a detailed statement will be available at WOQOD Tower 7 days before the AGM, showing the remuneration, attendance fees of meetings and expenses, allowances and privileges received in kind by the Chairman and each member of the Board of Directors.</li><li>All shareholders are requested to be present at the venue of the meeting one hour before the start time of the meeting, to register their attendance.</li><li>A shareholder may appoint another shareholder to attend meeting on his behalf, using the proxy form available <strong><a href="/EN/AboutUs/InvestorRelations/Documents/AGM/Proxy%20form%20-%202021.pdf"><span class="ms-rteForeColor-2">here</span></a></strong>, duly signed. In case of company, the proxy form must be signed by the authorized person(s) and company stamp must be affixed.</li><li>It is not permitted to grant proxy to a non-shareholder or to a member of Board of directors. The number of shares held by a proxy holder must not exceed 5% of the Paid up capital (49,712,788 shares).</li><li>Dividends will be distributed from the <span style="text-decoration:underline;"><strong>next working day</strong></span> after approval of the AGM and can be collected from any QNB branch.</li><li>This invitation shall be considered as a legal invitation for all shareholders without the need to send private invitations through mail in accordance with Law No. (11) For 2015.</li></ul> | INVITATION TO ATTEND THE ANNUAL GENERAL ASSEMBLY MEETING | | 2/23/2021 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| “WOQOD” Opens Al Mearad-3 New WOQOD Petrol Station | <p></p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Al Mearad-3 New WOQOD Petrol Station </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 22/02/2021. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Al Mearad -3 petrol station, on Monday 22/02/2021, and by this it raised its network of petrol stations to <strong>109</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new petrol station in Al Mearad-3, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Al Mearad-3 WOQOD petrol station is spread over an area of <strong>15400</strong> square meters and has <strong>3</strong> lanes with <strong>9</strong> dispensers for light vehicles, which will serve Al Mearad, and its neighborhood.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Al Mearad-3 petrol station offers round-the-clock services to residents, and includes Sidra convenience store, manual car wash, oil change and tire repair, for Light Vehicles and sale of LPG cylinders "SHAFAF", in addition to sale of gasoline and diesel products for light vehicles</p><p style="text-align:justify;"> </p><p style="text-align:justify;"> </p><p style="text-align:center;">-Ends-</p> | "WOQOD" Opens Al Mearad-3 New WOQOD Petrol Station | | 2/21/2021 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| Alert of fake mails resembling WOQOD Company. | <p></p><font color="#000000" face="Times New Roman" size="3">
</font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:18pt;"><strong><font color="#000000">Fake E-mail Alert</font></strong></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:14pt;"><strong><font color="#000000"><span><font face="Arial" size="5"> </font></span>Beware of fake mails resembling WOQOD</font></strong></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000">It has been brought to
WOQOD’s notice that an e-mail scam campaign is active whereby </font><a name="_Hlk62394719"><font color="#000000" face="Arial" size="2">Contractors & Suppliers in Qatar </font></a><font color="#000000">are invited for an
illegitimate Tender purporting to originate from Qatar Fuel (WOQOD) with huge
value projects and asking Contractors & Suppliers to pay</font></span><font color="#000000"><span lang="EN-GB"><font face="Times New Roman" size="3"> </font></span><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><strong>Security Fees</strong></span><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;">. WOQOD would like to caution Contractors
& Suppliers in Qatar to undertake due diligence before engaging in such
fraudulent e-mails.</span></font></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000">WOQOD
also publishes Tender on its Website<span><font face="Arial" size="2"> </font></span></font></span><span lang="EN-GB"><a href="https://www.woqod.com/EN/Business/Tenders/Pages/default.aspx"><span style="font-family:"arial",sans-serif;font-size:10pt;"><span style="text-decoration:underline;"><font color="#0000ff">https://www.woqod.com/EN/Business/Tenders/Pages/default.aspx</font></span></span></a></span><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000">.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000">WOQOD is committed to providing
all customers with reliable, professional & innovative solutions through
friendly, excellent & convenient services and to demonstrate accountability
for all WOQOD activities.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><font color="#000000"> </font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><strong><font color="#000000">Best Regards,</font></strong></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><strong><font color="#000000"> </font></strong></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:0in 0in 0pt;text-align:justify;"><span lang="EN-GB" style="font-family:"arial",sans-serif;font-size:10pt;"><strong><font color="#000000">Public Relation- WOQOD</font></strong></span></p><font color="#000000" face="Times New Roman" size="3">
</font> | Alert of fake mails resembling WOQOD Company. | | 1/25/2021 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD achieves QR 707 million at the end of the fiscal year 2020. | <p></p><font color="#000000" face="Times New Roman" size="3">
</font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:normal;"><font face="Cambria"><span style="color:windowtext;font-size:11pt;"><strong>Doha, Qatar • 20 January 2021</strong></span><span style="color:windowtext;font-size:11pt;"> </span></font></p><font color="#000000" face="Times New Roman" size="3">
</font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:normal;"><span style="color:windowtext;font-family:"garamond",serif;font-size:10pt;"><strong> </strong></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span style="text-decoration:underline;"><span style="color:windowtext;line-height:150%;font-family:"times new roman",serif;font-size:14pt;"><strong>WOQOD achieves QR 707 million at the end of the fiscal year 2020</strong></span></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span style="text-decoration:underline;"><span style="line-height:150%;font-size:14pt;"><span style="text-decoration:none;"><strong><font color="#000000" face="Times New Roman" size="5"> </font></strong></span></span></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;line-height:130%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">Qatar Fuel Company, hereinafter referred to as (WOQOD) <span lang="AR-QA"><font color="#000000" face="Times New Roman"></font></span>or
“WOQOD Group” or “the Group”, with code name “QFLS” on Qatar Exchange, a
company with an exclusive concession in the State of Qatar to distribute, sell,
transport and market refined petroleum products & (including) , airports
and seaports, either by itself or through subsidiary <span lang="AR-QA"><font color="#000000" face="Times New Roman"></font></span>companies
“QJET, FAHES & WOQOD Marine”<font color="#000000"><font face="Times New Roman"><span lang="AR-QA" dir="RTL">, </span><span lang="AR-QA"><span> </span></span></font></font>announced that its
Board of Directors had held its annual meeting at 1:30 pm. on Wednesday,
January 20</font><sup><font color="#000000" face="Times New Roman" size="2">th</font></sup><font size="3"> 2021, under the chairmanship of Mr. Ahmed Saif
Al-Sulaiti. In accordance with the official directives issued with the aim of
combating the spread of the coronavirus "Covid-19", the meeting was
held remotely through the utilization of a Video Call</font></span><font size="3"><span lang="AR-QA" dir="RTL" style="color:windowtext;font-family:"times new roman",serif;"> </span><span style="color:windowtext;font-family:"times new roman",serif;">facility,<span lang="AR-QA"><font color="#000000" face="Times New Roman"></font></span> where the Board
discussed and approved – inter alia- <span><font color="#000000" face="Times New Roman"> </font></span>the
performance of the company's business operations and financial results of WOQOD
Group for the fiscal year ended on December 31, 2020 ,compared to the results
achieved in the year 2019.</span></font></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;line-height:130%;"><span style="line-height:130%;font-size:12pt;"><font color="#000000" face="Times New Roman">WOQOD Group net profit for 2020
(excluding minority rights) amounted to QR. 707 million, compared to an amount
of QR 1.216 million achieved in the past year 2019, representing a decrease
rate of 42%. Earning by share for the period amounted to QR. 0.71, compared to QR
1.22 for the past year, while Shareholders Equity decreased by about 1.3% to
reach about 8.6 billion riyals compared to 8.7 billion riyals for 2019. The
decline in net profit and earnings per share was attributed to the slowdown
caused by the spread of the Covid-19 corona pandemic, which the company managed
to reduce its negative impacts by taking several proactive steps and
initiatives to ensure continuity of its business under these critical
circumstances, in addition to the continuation of the company’s efforts to
implement its policy of increasing efficiency and rationalizing expenditures,
which had a significant impact on reducing the decline in profits achieved
compared to 2019.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;line-height:130%;"><span style="line-height:130%;font-size:12pt;"><font color="#000000" face="Times New Roman">The CEO and Managing Director has
stated that there was an upward trend in results for the third and fourth
quarters of 2020 driven by increased fuel sales and the market recovery from Corona
virus “Covid-19” pandemic impacts.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;line-height:130%;"><span style="line-height:130%;font-size:12pt;"><font color="#000000" face="Times New Roman">Based on the company's profits in
2020, and taking into account the requirements of current and future projects
that the company intends to establish through the approved five-year business plan,
the Board has recommended to the company's Annual Shareholders General Assembly
scheduled for 08/03/2021 to approve a dividend distribution to shareholders of 0.46
QR per share.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">In terms of the company's operations, Mr. Saad Rashid Al
Muhannadi, CEO and Managing Director, explained that year 2020 witnessed a
decrease in total sales of petroleum products by about 21%, compared to the
same period in 2019, due to supply and demand factors and the negative effects
of the Corona "Covid-19" pandemic, where diesel sales decreased by 9%,
Super gasoline by 10%, premium gasoline by 9%, jet fuel by -33%, bitumen by 60%,
LPG by 3%, and oil retail sales across gas stations decreased by 2% compared to
the year 2019 results. On the other hand, sales of bunker fuel and natural gas
increased by 7% and 13%, respectively, compared to the same period in 2019,
while non-oil retail sales revenues, including Sidra sales, increased by 11%,
due to the opening of several new petrol stations. In this regard, Al Muhannadi
pointed out that the company has supported the non-oil retail services sector
by marketing its automotive service products (oils and greases) through tie-up
with international manufacturers of these products.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">The Board reviewed and approved the current and future
projects that the company plans to establish, where the company has opened one
technical inspection center, and 12 new petrol stations, thus increased the
number of stations operating by the end of 2020 to 108 stations, and the number
of technical inspection centers reached 12 centers. The first quarter of 2021 will
witness the completion of the construction and operation of three new stations,
in addition to five (5) other stations to be completed in year 2021. Mr.
Al-Muhannadi explained that the company has a dynamic plan for the construction
of new petrol stations, which will be periodically reviewed according to the
demand conditions and the need for petrol stations. </font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">Based on the expansion of the petrol stations construction as
mentioned above, the share of WOQOD in the petroleum retail market increased by
3% to about 85% compared to the previous year 2019.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">The company also opened and operated a number of 20 Sidra
Stores for consumer products, including three Sidra Stores in the metro
stations. In order to enhance the bunkering service and in coordination with
Qatar Petroleum, WOQOD has purchased two ships to serve ships visiting Qatari
ports, bringing the number of vessels owned by WOQOD to ten (10), resulting in
a record number of sales of fuel since the establishment of the company, where
the total sales by the end of 2020 amounted to about 949 metric tons.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">Al-Muhannadi also referred to the actions taken by WOQOD
Group towards the Qatarization of jobs, the implementation of the Service Localization
Initiative, and the measures taken towards combating the Corona virus pandemic,
where WOQOD continued to work closely with the relevant authorities to reduce
the negative effects of the pandemic, and thereby enabling WOQOD to ensure the
continuous and regular supply of refined petroleum products and gas to all
sectors in Qatar, in line with the applicable health, security, safety and
environmental health procedures and standards.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000" face="Times New Roman">It is worth mentioning that WOQOD ranked first at level of the
Qatar Stock Exchange in terms of compliance with environmental, social and
governance requirements (ESG) according to the standards adopted in this
regard.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:6pt 0in 0pt;"><span style="line-height:115%;font-size:12pt;"><font color="#000000"><font face="Times New Roman">In conclusion, Al Muhannadi assured that the company’s
management and its board of directors will exert <span lang="AR-QA"><font size="3"></font></span>all
efforts to maintain and enhance the service levels and profit status of the
company, to achieve its vision <span lang="AR-QA"><font size="3"></font></span>mission and strategic
goals as a pioneer downstream oil and gas company at the regional level and to
build <span lang="AR-QA"><font size="3"></font></span>a modern,<span><font size="3">
</font></span>robust and state-of-the-art petroleum products distribution sector
within the country, in order to <span lang="AR-QA"><font size="3"></font></span>keep up with the
general policy of the State of Qatar in the modernization of infrastructure
facilities, and to <span lang="AR-QA"><font size="3"></font></span>provide the best services according
to the best QHSSE standards, and achieve the best results for its valued <span lang="AR-QA"><font size="3"></font></span>shareholders.<span lang="AR-QA"><font size="3"></font></span></font></font></span></p><font color="#000000" face="Times New Roman" size="3">
</font> | WOQOD achieves QR 707 million at the end of the fiscal year 2020 | | 1/19/2021 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| “WOQOD” Opens Lebsayyer New WOQOD Petrol Station | <p></p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Lebsayyer New WOQOD Petrol Station </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 31/12/2020. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Lebsayyer petrol station, on Thursday 31/12/2020, and by this it raised its network of petrol stations to <strong>108</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new petrol station in Lebsayyer, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Lebsayyer WOQOD petrol station is spread over an area of <strong>10,800</strong> square meters and has <strong>4</strong> lanes with <strong>8</strong> dispensers for light vehicles, which will serve Lebsayyer area, and its neighborhood.</p><p style="text-align:justify;"> </p><p>Lebsayyer petrol station offers round-the-clock services to residents, and includes Sidra convenience store, Manual car wash, Oil change and Tyre repair, for Light Vehicles and sale of LPG cylinders "SHAFAF", in addition to sale of gasoline and diesel products for light vehicles.</p> | "WOQOD" Opens Lebsayyer New WOQOD Petrol Station | | 12/30/2020 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| "WOQOD" Opens Al Mearad -4 New WOQOD Petrol Station | <p></p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Al Mearad -4 New WOQOD Petrol Station </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 23/12/2020. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Al Mearad-4 petrol station, on Wednesday 23/12/2020, and by this it raised its network of petrol stations to <strong>107</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new petrol station in Al Mearad-4, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Al Mearad-4 WOQOD petrol station is spread over an area of <strong>8000</strong> square meters and has <strong>4</strong> lanes with <strong>8</strong> dispensers for light vehicles, which will serve Al Mearad area, and its neighborhood.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Al Mearad-4 petrol station offers round-the-clock services to residents, and includes Sidra convenience store, and sale of LPG cylinders "SHAFAF", in addition to sale of gasoline and diesel products for light vehicles</p> | "WOQOD" Opens Al Mearad -4 New WOQOD Petrol Station | | 12/22/2020 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| “WOQOD” partnered with talabat home delivery | <p></p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" partnered with talabat home delivery</strong></span></p><p style="text-align:center;"><span lang="EN" style="text-decoration:underline;"><strong><br></strong></span></p><p>Doha – 29/10/2020. WOQOD's SIDRA, Qatar's leading home-grown convenience store, partnered with talabat home delivery to enhance its e-shopping offering for customers.</p><p> </p><p>The partnership follows an increased demand for online shopping, offering customers a contactless shopping experience, by delivering essential and fresh products to their homes at the click of a button. Sidra's expansion into online delivery comes as convenience stores look for new, safe ways to serve customers following the COVID-19 pandemic.</p><p> </p><p>"Sidra's contactless home delivery service is now rolled out at 30 selected locations. As we continue to make things as accessible as possible for our customers, we want to ensure they have access to the essentials they need safely and conveniently", Saad Rashid Al Muhannadi, Managing Director & CEO at WOQOD said.</p> | "WOQOD" partnered with talabat home delivery | | 10/28/2020 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD achieves QR 429 million at the end of the Third Quarter of the year 2020 | <p></p><p style="text-align:center;"><strong>Doha, Qatar • 14 October 2020</strong> </p><p style="text-align:center;"><strong> </strong></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong>WOQOD achieves QR 429 million at the end of the Third Quarter of the year 2020</strong></span></p><p>Qatar Fuel Company, hereinafter referred to as (WOQOD) or "WOQOD Group" or "the Group", with the code name "QFLS" on Qatar Stock Exchange, a company with an exclusive concession in the State of Qatar to distribute, sell, transport and market refined petroleum products & gas within State of Qatar including to airports and seaports, either by itself or through subsidiary companies "QJET, FAHES and WOQOD Marine", announced that its Board of Directors had held a meeting at 1:30 pm. on Wednesday, October 14<sup>th</sup> 2020 under the chairmanship of Mr. Ahmed Saif Al-Sulaiti. In order to comply with governmental restrictions issued to combat the spread of Corona Virus (COVID-19), the meeting was held remotely through the utilization of a Video Call facility. The Board discussed the performance of the business operations and the financial results of WOQOD Group at the end of Third Quarter of the year 2020 ended on 30 September 2020, compared to the results achieved in the corresponding period of the year 2019.</p><p>Mr. Saad Rashid Al-Muhannadi WOQOD Managing Director & Chief Executive Officer explained that WOQOD Group's net profits and overall sales volumes have witnessed a considerable increase in the Third Quarter of the year 2020 compared to the Second Quarter of the same year.</p><p>He also explained that WOQOD Group's net profit for the period (excluding minority rights) amounted to QR. 429 million, compared to an amount of QR. 872 million achieved in the same period of the year 2019, with a decrease of QR. 443 million, representing a decrease rate of 51%. The earning per share for the period amounted to QR. 0.43 per share compared to QR. 0.88 for the same period of last year.</p><p>The decrease of the net profits and earning per share for the period were partly attributed to the market slow down prompted by COVID-19 spread.</p><p>With regard to the company's operations, Mr. Al-Muhannadi explained that the company overall sales of petroleum products decreased by 23% as compared to the same period of last year driven by the negative impact of COVID-19 pandemic. Diesel, Super Gasoline and Premium Gasoline sales decreased by 11%, 14%, and 9% respectively, and Jet fuel volumes decreased by 34% driven by the reduced operations of the airlines due to the suspension of air traffic in most countries globally. Bitumen sales have decreased by 64% driven by macro-economic factors, COVID-19 pandemic and the completion of the major projects. The LPG sales decreased by 3% compared to the same period of 2019. Refined Petroleum Products retail sales from petrol stations decreased by 3% compared to the same period of last year driven by micro-economic factors as well as the negative impact of COVID-19 pandemic.</p><p>On the other hand, he explained that Bunkering fuel "HFO" increased by 18%, natural gas sales increase by 9% compared to the same period in 2019, and retail non-fuel revenue, including Sidra sales, increased by 11% as compared to the same period of the last year driven by the opening of new stations.</p><p>In the field of the petrol stations project Mr. Al Muhannadi pointed out that the petrol stations operated by "WOQOD" as of October 15<sup>th </sup>2020 totaled to 106 stations, whereas the company intends to add five (5) more stations by the end of the current year 2020. </p><p>For the purpose of improving the profitability of the company Mr. Al-Muhannadi indicated that the company will continue to increase the levels of implementation of its efficiency and cost optimization initiatives as this will further improve the returns for the company and its shareholders. </p><p>In conclusion, Al-Muhannadi indicated that WOQOD had and still being working closely with its partners to coordinate the implementation of all the governmental directives issued in furtherance of combating the spread and the negative effects of COVID-19. He added that despite the challenges of Corona virus impact WOQOD being the sole downstream oil and gas company responsible for securing a continuous and sustainable supply of petroleum products and gas to all sectors within the State of Qatar, was left with no choice but to implement a flexible and effective business plan to ensure the continuity of the supply activities throughout the country on regular basis and in line with the health safety security, and environmental sanitation procedures and standards for the time being in force in the petroleum products industry, where the Group is persistently communicating and coordinating with entities of competent jurisdiction in order to implement the best standards and measures issued in this regard.</p> | WOQOD achieves QR 429 million at the end of the Third Quarter of the year 2020 | | 10/13/2020 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| “WOQOD” Opens Al Wajba -3 New WOQOD Petrol Station | <p></p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Al Wajba -3 New WOQOD Petrol Station </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 04/10/2020. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Al Wajba -3 petrol station, on Sunday 04/10/2020, and by this it raised its network of petrol stations to <strong>106</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: "We are pleased to open a new petrol station in Al Wajba -3, WOQOD aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Al Wajba -3 WOQOD petrol station is spread over an area of 15500 square meters and has 3 lanes with 9 dispensers for light vehicles, which will serve Al Wajba -3 area, and its neighborhood.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Al Wajba -3 petrol station offers round-the-clock services to residents, and includes Sidra convenience store, manual car wash, oil change and tire repair, for light vehicles and sale of LPG cylinders "SHAFAF", in addition to sale of gasoline and diesel products for light vehicles.</p> | "WOQOD" Opens Al Wajba -3 New WOQOD Petrol Station | | 10/3/2020 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| “WOQOD” Opens Al Mazrouah New WOQOD Petrol Station & FAHES. | <p></p><p style="text-align:center;"><strong>"</strong><span lang="EN" style="text-decoration:underline;"><strong>WOQOD" Opens </strong></span><span style="text-decoration:underline;"><strong>Al Mazrouah New WOQOD Petrol Station & FAHES, </strong></span></p><p style="text-align:center;"><span style="text-decoration:underline;"><strong> </strong></span></p><p style="text-align:justify;">Doha – 09/08/2020. As part of WOQOD's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel "WOQOD" opened Al Mazrouah WOQOD petrol station & FAHES, on Sunday 09/08/2020, and by this it raised its network of petrol stations to <strong>105</strong>.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">WOQOD's Managing Director & CEO, Saad Rashid Al Muhannadi, said: </p><p style="text-align:justify;">We are pleased to open a new WOQOD petrol station & FAHES in Al Mazrouah, aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">New Al Mazrouah WOQOD petrol station & FAHES is spread over an area of 40000 square meters, WOQOD petrol station has 2 lanes with 4 dispensers for Heavy Vehicles, which will serve Al Mazrouah area, and its neighborhood. In addition to FAHES has 2 lanes for light vehicle inspection and 12 lanes for trucks.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Al Mazrouah WOQOD petrol station offers round-the-clock services to costumer, and include Trucks Manual Car Wash, Oil Change and Tire Repair for Trucks, in addition to sale of diesel products for Trucks.</p><p style="text-align:justify;"> </p><p style="text-align:center;"> </p> | “WOQOD” Opens Al Mazrouah New WOQOD Petrol Station & FAHES. | | 8/8/2020 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| Eid Mubarak | <p>Eid Mubarak</p> | Eid Mubarak | | 7/29/2020 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| Finance Team Availability during Eid Al-Adha 2020 Holiday | <p>Finance Team Availability during Eid Al-Adha 2020 Holiday</p> | Finance Team Availability during Eid Al-Adha 2020 Holiday | | 7/28/2020 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| WOQOD achieves QR 270 million at the end of the First Half of the year 2020 | <p></p><font color="#000000" face="Times New Roman" size="3">
</font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:normal;"><font face="Cambria"><span style="color:windowtext;font-size:11pt;"><strong>Doha, Qatar • 15 July 2020</strong></span><span style="color:windowtext;font-size:11pt;"> </span></font></p><font color="#000000" face="Times New Roman" size="3">
</font><p align="center" style="margin:0in 0in 0pt;text-align:center;line-height:normal;"><span style="color:windowtext;font-family:"garamond",serif;font-size:10pt;"><strong> </strong></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p align="center" style="margin:0in 0in 0pt;text-align:center;"><span style="text-decoration:underline;"><span style="color:windowtext;line-height:150%;font-family:"times new roman",serif;font-size:14pt;"><strong>WOQOD achieves QR 270 million at the end of the First Half of the year
2020</strong></span></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3"> </font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">Qatar Fuel Company, hereinafter referred to as (WOQOD) <span lang="AR-QA"><font color="#000000" face="Times New Roman"></font></span>or
“WOQOD Group” or “the Group”, with the code name “QFLS” on Qatar Stock
Exchange, a company with an exclusive concession in the State of Qatar to
distribute, sell, transport and market refined petroleum products & gas
within State of Qatar<span dir="RTL"><font color="#000000" face="Times New Roman"> </font></span>including to airports and seaports,
either by itself or through subsidiary <span lang="AR-QA"><font color="#000000" face="Times New Roman"></font></span>companies
“QJET, FAHES and WOQOD Marine”<font color="#000000"><font face="Times New Roman"><span lang="AR-QA" dir="RTL">, </span><span lang="AR-QA"><span style=""> </span></span></font></font>announced that its
Board of Directors had held its Third meeting for the year 2020 at 1:30 pm. on
Wednesday, July 15</font><sup><font color="#000000" face="Times New Roman" size="2">th</font></sup><font size="3"> 2020 under the chairmanship of Mr. Ahmed Saif
Al-Sulaiti. In order to comply with governmental restrictions issued to combat
the spread of Corona Virus (COVID-19), the meeting was held remotely through
the utilization of a Video Call<span dir="RTL"><font color="#000000" face="Times New Roman"> </font></span>facility. The Board
discussed the performance of the business operations and the financial results
of WOQOD Group for the First Half of the year 2020 ended on 30 June 2020,
compared to the results achieved in the corresponding period of the year 2019.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">WOQOD Group’s net profit for the period (excluding minority rights)
amounted to QR. 270 million, compared to an amount of QR. 548 million achieved
in the same period of the year 2019, with a decrease of QR. 278 million,
representing a decrease of 51%. The earning per share for the period amounted
to QR. 0.27 per share compared to QR. 0.55 for the same period of last year.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">The decrease of the net profits and earning per share for the period
were partly attributed to the market slow down prompted by COVID-19 spread and
partly to supply and demand factors on petroleum products. The decrease of
petroleum product distribution margins is also one of the factors that have
participated in net profits and earning per share decrease.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">With regard to the company's operations, he explained that the company
overall sales of petroleum products decreased by 22% as compared to the same
period of last year driven by the COVID-19 impact. Diesel and Super Gasoline
sales decreased by 12% and 22% respectively, Premium Gasoline sales decreased
by 14%, and Jet fuel volumes decreased by 28% driven by the reduced operations
of Qatar Airways and Private Airlines due to the suspension of air traffic in
most countries globally. Bitumen sales have decreased by 66% driven by market
situations, COVID-19 pandemic and the completion of the major projects. The LPG
sales decreased by 3% compared to the parallel period of 2019, and the decrease
is attributed to the factors of supply and demand. Refined Petroleum Products
retail sales from petrol stations decreased by 8% compared to the same period of
last year as a consequence of the low consumption prompted by COVID-19 pandemic.
<span style=""><font color="#000000" face="Times New Roman"> </font></span></font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">On the other hand, he explained that<span style=""><font color="#000000" face="Times New Roman">
</font></span>Bunkering fuel increased by 12% compared to the same period in 2019, and
retail non-fuel revenue, including Sidra Sales, increased by 8% as compared to
the same period of the last year driven by the opening of new stations and
higher footfall in C-stores.</font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">In the field of the petrol stations project and the company newly
acquired assets, he pointed out that the petrol stations operated by <span style=""><font color="#000000" face="Times New Roman"> </font></span>“WOQOD” at the end of June 2020 <span style=""><font color="#000000" face="Times New Roman"> </font></span>totaled to 104 stations, whereas the company
intends to add eight (8) more stations by the end of the current year 2020. He
also explained that the Group during the Second Quarter of 2020 had acquired
two new bunker fuel ships to support the ship bunkering activity that the Group
is performing in cooperation, coordination and partnership with Qatar
Petroleum. </font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">For the purpose of improving the profitability of the company Mr. Saad
Rashid Al-Muhannadi WOQOD Managing Director & Chief Executive Officer,
indicated that the company will continue to increase the levels of
implementation of its efficiency and cost optimization initiative as this will
further improve the returns for the company and its shareholders. </font></span></p><font color="#000000" face="Times New Roman" size="3">
</font><p style="margin:3pt 0in 0pt;line-height:115%;"><span style="color:windowtext;font-family:"times new roman",serif;"><font size="3">In conclusion, Al-Muhannadi indicated that WOQOD has been working
closely with its partners to coordinate the implementation of all the
governmental directives issued in furtherance of combating the spread and the
negative effects of COVID-19. At the same time, WOQOD had, being the sole
downstream oil and gas company responsible for securing a continuous and
sustainable supply of petroleum products and gas to all sectors within the
State of Qatar, issued and applied a suitable, flexible and effective business plan
to ensure the continuity of the supply activities throughout the country on
regular basis and in line with the health safety security, and environmental
sanitation procedures and standards for the time being in force in the petroleum
products industry, where the Group is persistently communicating and coordinating
with entities of competent jurisdiction in order to implement the best
standards and measures issued in this regard.</font></span><em><span style="color:windowtext;line-height:115%;font-family:"sakkal majalla";font-size:11pt;"> </span></em></p><font color="#000000" face="Times New Roman" size="3">
</font> | WOQOD achieves QR 270 million at the end of the First Half of the year 2020 | | 7/14/2020 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
| Eid Mubarak | <p>Eid Mubarak</p> | Eid Mubarak | | 5/22/2020 10:00:00 PM | | | | | | | | | | | | | | | | | | | | | | |
