Woqod Made Net Profit Of $19Mn In 2003
Qatar Fuel Company (Woqod) has reported a net profit of QR71mn ($19mn) in 2003, its first full year of operations. In the five months after its establishment in mid-2002, Woqod made a net profit of QR2mn. A total of QR45mn (15% of the companys QR1.5bn capital) was assigned for payment to shareholders. Of the total shares in the company, 60% are held by individuals and institutions and 40% by state-owned Qatar...