Qatar Fuel QPSC (QFLS)

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News

26 March 2019 06:18 PM Woqod’s OGM nods to QAR 795m dividends for 2018

Mubasher: Qatar Fuel (Woqod) announced that its shareholders had approved distributing a cash dividend of 80% of the share’s nominal value, or QAR 8 per share, with a total value of QAR 795.4 million ($220.2 million) for 2018 during an ordinary …

General Assembly

11 March 2019 02:23 PM Qatar's Shura Council approves concession extension to Woqod

Mubasher: Qatar's consultative assembly, Shura Council, on Monday approved a draft law to extend the concession granted to Qatar Fuel (Woqod) for commercialising, selling, transporting, and distributing petroleum products. In early January, the …

General News

26 February 2019 10:24 AM Woqod FY18 profits soar to QAR 1bn; dividends proposed

Mubasher: Qatar Fuel (Woqod) registered an increase of 4.4% year-on-year in profits during the fourth quarter of 2018. Earnings rose to QAR 335 million ($92.8 million) in Q4-18 compared to QAR 321 million ($89 million) in Q4-17, according to a …

General Assembly

17 February 2019 01:01 PM FTSE Russel index to include 7 Qatari-listed firms

Mubasher: The Qatar Stock Exchange (QSE) on Sunday announced that seven listed companies will be included in the FTSE Russell’s index starting from 14 March. Mesaieed Petrochemical Holding, Qatar Fuel (Woqod), Qatar Insurance, Qatari Investors …

Corporate Actions

3 December 2018 00:33 PM Qatar Fuel opens new petrol station

The new station raised the company’s network to 80 petrol stations

Global Markets brief

14 November 2018 00:19 PM Woqod opens Mesaimeer South petrol station

Mubasher: Qatar Fuel Company (Woqod) on Wednesday announced that it has opened Mesaimeer South petrol station, increasing its various petrol station network to 78.   The company eyes expanding its petrol station network in the GCC country in a bid …

Companies Investments

8 November 2018 10:06 AM Woqod opens new petrol station ‘Al Gharrafa 2’

Mubasher: Qatar Fuel (Woqod) on Thursday announced that it has opened Al Gharrafa 2 petrol station, raising its network of petrol stations to 76. “We are pleased to open new fixed petrol station Al Gharrafa-2. Woqod aspires to expand its petrol …

Companies Investments

1 November 2018 00:06 PM Woqod opens 2 new stations; several underway

Mubasher: Qatar Fuel “Woqod” on Thursday announced opening two new stations, one for petrol and one for gas, as part of an ongoing expansion strategy. The company opened Al Froosh petrol station on Wednesday, 31 October 2018 as well as a mobile …

Companies Investments

25 October 2018 00:26 PM Qatar Fuel opens two new petrol stations

Mubasher: Qatar Fuel (Woqod) on Thursday announced the opening of two new petrol stations in Al Kharaitiyat and Al Thumama as part of its expansion plan to cover every area in Qatar. By opening the new stations, Woqod raised its network of various …

Companies Investments

21 October 2018 09:56 AM Woqod, QP ink petroleum sale, purchase deal

Mubasher: Qatar Fuel (Woqod) on Sunday announced that it has inked a new petroleum sale and purchase agreement with Qatar Petroleum (QP). The deal has been extended for a further period of five years expiring on 30 September 2023, according to …

Companies Investments

18 October 2018 10:20 AM Woqod launches 2 new petrol stations

Mubasher: Qatar Fuel (Woqod) on Thursday announced that it has opened two new petrol stations as part of the company’s expansion plans. Located in Lusail, the two stations are Fox Hill and Woqod Hamad International Airport petrol stations (Woqod …

Companies Investments

16 September 2018 00:55 PM Woqod’s stock hikes 2% in Sunday’s mid-trade

Mubasher: Qatar Fuel’s (Woqod) stock topped the Qatar Stock Exchange (QSE) in terms of liquidity, the highest since May 2015, in Sunday's mid-trade By 12:05 Qatar time, Woqod hiked 2.10% at QAR 151.01. The stock acquired a turnover of QAR 27.7 …

Trading Activities

10 September 2018 04:49 PM Woqod launches tenders to build 4 fuel stations

Mubasher: Qatar Fuel (Woqod) on Monday announced that it has recently floated tenders to construct four fuel stations on the Orbital Highway and the new truck road connecting Mesaieed, Hamad Port, Dukhan, Lusail and Al- Khor. The stations will be …

Companies Investments

30 July 2018 05:06 PM Woqod records QAR 202m profit in Q2

Mubasher: Qatar Fuel (Woqod) on Monday posted a 2.7% year-on-year increase in its profits for the second half of 2018. Net profits amounted to QAR 201.8 million ($55.8 million) in Q2-18, compared to QAR 196.5 million ($53.9 million) in Q2-17, …

Financial Results

13 June 2018 11:31 AM Woqod to install 158 fuel dispensers in 2018 – CEO

Mubasher: Qatar Fuel (Woqod) will install more than 158 fuel dispensers at its stations over the course of 2018, its CEO has revealed. The step comes in line with the company’s strategy to reduce queues at fuel stations, Saad Rashid Al Muhannadi …

Companies Investments

11 June 2018 10:51 AM Qatar Fuel raises foreign ownership limit to 49%

Mubasher: Qatar Fuel (Woqod) on Monday announced that its extraordinary general assembly (EGM) has approved increasing non-Qatari ownership limit to 49% of the issued share capital instead of 25%. The EGM also agreed on raising the private …

Companies Investments

30 April 2018 09:48 AM Woqod Q1 profit jumps 55%

Mubasher: Qatar Fuel (Woqod) reported a 55.3% year-on-year leap in its profits for the first quarter of 2018. Net profits amounted to QAR 301.1 million in Q1-18, compared to QAR 176.4 million in Q1-17, according to the state-run company’s filing …

Financial Results

17 April 2018 04:59 PM Qatar Fuel raises non-Qatari ownership limit to 49%

Mubasher: Qatar Fuel (Woqod) on Tuesday announced that the company’s board had approved increasing the ownership limit of non-Qatari investors in the company to 49% from 25%. The state-run firm also raised maximum limit of individual ownership to …

Corporate Actions

1 April 2018 10:07 AM Qatar Fuel to raise non-Qatari ownership limit to 49%

Mubasher: Qatar Fuel (Woqod) on Sunday announced that it will increase the ownership limit of non-Qatari investors in the company to 49%. The decision came after CEO of the Qatar Stock Exchange (QSE) Rashid Al Mansoori called all the QSE-listed …

Corporate Actions

26 March 2018 11:03 AM Woqod OKs QAR 0.8/shr dividends for 2017

Mubasher: Qatar Fuel (WOQOD) on Monday announced that its general assembly approved distributing a cash dividend of QAR 0.8 per share to shareholders for the year ended 31 December 2017. Cash dividends will be distributed from the net profits …

Cash Dividends

1 March 2018 01:12 AM Qatar Fuel profits triples in Q4-17

Mubasher: Qatar Fuel has reported a surge in profits for the fourth and last quarter of last year, according to a bourse filing. Profits increased by 202.8% year-on-year to QAR 321 million, compared to QAR 106 million for the same period in 2016. …

Financial Results

21 December 2017 00:05 PM Woqod to pump QAR 816m into new projects in 2018 - CEO

Mubasher: Qatar Fuel (Woqod) approved allocating QAR 816 million in the 2018 budget for the new projects set to be implemented in the new year, said company CEO Saad Rashid Al Muhannadi on Thursday. Woqod owns and operates 58 station fuel stations …

Companies Investments

7 June 2017 03:17 PM Woqod expands board, amends EGM majority

Doha – Mubasher: The extraordinary general meeting (EGM) of Qatar Fuel (Woqod) has approved amending several of the company’s articles of association in accordance with the substantive developments, including requisites of the corporate governance …

Management Decisions

10 May 2017 11:41 AM Qatar’s service sector profits fall 22% in Q1

By: Aml Hosny Doha – Mubasher: The profits of nine Qatar-listed companies in the services sector dropped 22.05% in the first quarter of 2017, compared to Q1-16. Profits amounted to QAR 418.27 million ($114.76 million) in Q1-17, compared to QAR …

Financial Results

27 April 2017 08:12 AM Woqod Q1 profits fall 27%

Doha – Mubasher: Qatar Fuel (Woqod) announced a drop of 27.3% in its profits for the first quarter of 2017, compared to the same quarter in 2016. Profits stood at QAR 176.46 million ($48.42 million) in Q1-17, compared to QAR 242.69 million ($66.59 …

Financial Results