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16/07/2025 02:37 AST
Woqod - which has exclusive concession in Qatar to distribute, sell, transport and market refined petroleum products and gas to airports and seaports - has reported net profit of QR460mn, translating into earnings-per-share of QR0.48 in the first six months of this year.
However, net earnings were down 4.5% on an annualised basis, mainly due to decrease in sales volume. But the company decided to distribute an interim cash dividend of QR0.4 per share.
As for the petrol station project, Saad Rashid al-Muhannadi, chief executive officer and managing director of Woqod, said a new station Al Naqian-2 has been added to the network.
The construction of petrol stations is a dynamic activity, according to the requirements of demand, he said, adding Woqod, in co-operation with Kahramaa, has completed the installation of 25 electric vehicle (EV) charging stations at 19 petrol stations as well as working on many initiatives to improve the non-fuel revenues.
"Woqod will move forward in enhancing the benefits of its valued shareholders and all stakeholders by taking appropriate initiatives in developing the downstream oil and gas sector within the framework of the state's general policy of modernisation and development and strengthening the pillars of the country's national economy," he said.
Gulf Times
26/03/2018
Qatar Fuel (WOQOD) has announced to make huge investment this year as part of expanding its operations in Qatar. The main distributor of retail petroleum products in the country is set to spend QR63
The Peninsula
01/03/2018
Woqod's net profits for the year 2017, excluding minority interests, rose by 9.2 percent to QR964m, compared to the previous year's QR883m. Return on share increased to QR9.7 from QR8.9 per share fro
The Peninsula
27/04/2016
Woqod (Qatar Fuel Company) has reported a 3% rise year-on-year in net profit to QR242.7mn in the first three months of this year.
Investment portfolio, real estate and other business activit
Gulf Times
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22/09/2025
Gulf Bank announced its sponsorship and participation in the orientation event for new students organized by the American University of Kuwait, as part of its ongoing commitment to engage with new st
Kuwait Times
22/09/2025
Ooredoo Group has sold a minority 6% stake in Meeza- QSTP, Doha's leading managed information technology services and solutions provider, to certain funds managed by Fiera Capital (UK) at the current
Gulf Times
22/09/2025
Al Mahhar Holding Company, a public shareholding company providing specialised services and products to the energy and infrastructure sectors, has been included in the FTSE Russell Global Equity Inde
Gulf Times
22/09/2025
AD Ports Group has laid the foundation stone for the Noatum Ports Luanda Terminal at the Port of Luanda, marking the commencement of one of the most significant port modernisation and expansion proje
Trade Arabia
22/09/2025
Qatar Industrial Manufacturing Company (QIMC) has signed an agreement to purchase a 7% stake held by Qatar Oman Investment Company in Qatar Aluminum Extrusion Company (QALEX), bringing its total stak
Gulf Times
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