Qatar’s Woqod raises non-Qatari ownership to almost 50%
Qatar Fuel (Woqod) has approved the raise of the non-Qatari ownership to 49% of the company share capital.
Fueling retailer Woqod’s extraordinary general assembly amended article 9-1 of the company to to raise the non-Qatari ownership to 49% and private ownership to 1%.
Engineer Al-Muhannadi indicated that this amendment came in order to follow the instructions of Qatar Petroleum to its listed affiliate companies, and also to address the request of Qatar Stock Exchange of enhancing the attractiveness of investing in Qatari companies.
The Middles Eastern retailer want to double the number of its gas stations to reach 120 sites by 2020.
Engineer Al-Muhannadi also pointed out that additional dispensers would be installed in 2018 to improve servicing and modernize sites.
