Qatar Fuel Co. announces the results of the AGM. The meeting was held on 16/02/2026 and the following resolutions were approved:

 

1. Approved the Board of Directors report on company activities, financial standing for the year 2025, and its future plans.

2. Approved External Auditors’ Report on WOQOD Group financial statements for the period ended 31/12/2025.

3. Approved WOQOD Group financial statements and profit and loss account for the year ended 31/12/2025.

4. Approved the distribution of cash dividends of QR. ‎895 Million from the net profits realised for the year 2025, representing QR 0.90 per share to ‎shareholders, provided that the interim dividends distributed at the end of ‎the second half of the year 2025 representing 40% of the nominal value of the share and a ‎total amount of QR 398 million shall be deducted, bringing the current distributable amount to ‎QR 497 million representing 50% of the nominal value of the share.

5. Approved the release of the Board of Directors from liability vis-à-vis management actions, and their discharge from any liability or responsibility and approved their remuneration in relation to the year ended 31/12/2025.

6. Approved the election results for the following ‎members to WOQOD Board of Directors:‎

Sheikh Saoud Khalid Hamd A Al-Thani Member

‎Mr. Nasser Sultan N Al-Hemaidi Member

Mr. A-Rahman Saad Z Al-Shathri ‎ Member

Mr. Abdulrahman Mohammed Mubarak Al-Mutawa Al-Khayarin ‎Member ‎

- The General Assembly of Shareholders has taken cognizance of and approved the appointment by Qatar Energy of the following directors in WOQOD Board each to hold the assignment mentioned next to his name:‎

‎ Mr. Ahmad Saif A Al-Sulaiti Chairman

‎ Mr. Homoud Fahad Al-Qahtani ‎ Vice-Chairman

‎ Mr. Saad Rashid Al-Muhannadi Managing Director ‎

‎- The General Assembly of Shareholders has taken cognizance of and approved the appointment by the General ‎Retirement and Social Insurance Authority (GRSIA) of the following directors as representatives of the Civil Fund in WOQOD Board:‎

‎Mr. Faisal A-Wahid A Al-Hamadi Member‎

‎Shk. Ali Bin Hamad Bin Abdul Rahman Al Thani Member

7. Approved the WOQOD Governance Report for the year 2025 including Related Party Transaction Policy.

8. Approved the reappointment of the current external audit firm KPMG as external auditor for WOQOD Group for the year 2026 for an amount QR. 1.6 million which includes audit, tax and compliance audit for the governance system according ‎to the new Governance Code.