Shaikh Mohammed Bin Hamad Bin Jassem Bin Jaber Al Thani Elected GWC Chairman

February 07, 2024

Gulf Warehousing Company Q.P.S.C (GWC) held its Annual General Meeting (AGM) on Wednesday 7 February 2024. The meeting was Chaired by Sheikh Abdullah Bin Fahad Bin Jassem Bin Jaber Al Thani and attended by representatives of the Ministry of Commerce and Industry, GWC’s external auditors Ernst & Young, and the company’s shareholders.

The General Assembly ratified all the items on its agenda including the approval of cash dividends to shareholders of 11% of the nominal value of the company’s shares, which is 0.11 Qatari Riyals per share.

The AGM also discussed and approved the Board of Directors’ report on the company’s activities and its financial position during the year, and the auditor’s report. The General Assembly also discussed the budget of the Group and approved it, as well as assigning the external auditor and setting their remuneration. The assembly also approved to release the board members from liability, and distribute rewards to each member based on the evaluation of the board committees. Furthermore, the AGM presented a comprehensive review of the Group’s compliance with the Corporate Governance Code.

The AGM also held the board membership elections for the three-year period from 2024 –2026, in accordance with Article 27 of the company’s constitution. The company’s new board of directors, as elected by the general assembly, now constitutes the following members: Sheikh Mohammed Bin Hamad Bin Jassim Bin Jabor Al Thani – Chairman; Sheikh Fahad Bin Hamad Bin Jassim Bin Jaber Al Thani – Vice Chairman; Sheikh Abdulla Bin Fahad Bin Jassim Bin Jaber Al Thani – Member; Mr. Ahmed Mubarak Al Maadid – Member; Mr. Mohammed Hassan Rafi’ Al Emadi – Member; Ms. Hanadi Anwar Al Saleh – Member; Mr. Sultan Yousif Khater Al Sulaiti – Member; Mr. Mohammed Abdulmonim Al Sayed – Member; and Mr. Abdulaziz Mohammed Jaber Al Sulaiti – Member.

The company achieved net profits of QAR 215 million for the year ended 2023, and Total Revenues of QAR 1.5 billion. The total operating profit reached 323 million with an Asset base of 5.2 billion. The EPS for the year ending 2023 recorded was QAR 0.367.

GET TO KNOW
GWC bags Inc. Arabia’s Best in Business Award
June 2024
GWC bags Inc. Arabia’s Best in Business Award
Gulf Warehousing Company Q.P.S.C (GWC) – one of the fastest-growing logistics businesses in the MENA region, has won the prestigious Inc. Arabia’s Best in Business Awards 2024. The awards ceremony took place on June 12, 2024, at the luxurious Jumeirah Mina A’Salam Hotel in Dubai, celebrating excellence and innovation across various industries. Recognized a s […]
GWC Celebrates World Food Safety Day
June 2024
GWC Celebrates World Food Safety Day
Gulf Warehousing Company Q.P.S.C (GWC) – one of the fastest-growing logistics businesses in the MENA region, celebrated World Food Safety Day 2024. This annual campaign, organized by the WHO and the FAO on June 7, raises awareness about the importance of food safety and its impact on health. World Food Safety Day 2024 focuses on […]
Mastering Third Party Logistics (3PL) In Cold Chain
May 2024
Mastering Third Party Logistics (3PL) In Cold Chain
Preserving temperature-sensitive goods is crucial in supply chain integrity, and the delivery of safe to consume product. The cold chain ensures product safety during shipping, transportation and storage. From pharmaceuticals to food products, demand for reliable 3PL cold chain solutions is on the rise, and is projected to reach a size of US$ 1,262.5 billion […]
As a part of its Social Responsibility Program GWC Sponsors Sports Champion Ali Arshid
May 2024
As a part of its Social Responsibility Program GWC Sponsors Sports Champion Ali Arshid
Gulf Warehousing Company Q.P.S.C (GWC) – one of the fastest-growing logistics businesses in the MENA region ­– has announced its sponsorship of Qatari Paralympic champion Ali Radi Arshid as part of its social responsibility program. This initiative aims to support Qatari athletes of determination, enabling them to reach their full potential and compete at the […]
GWC Celebrates World Safety Day  Launching a new Safety Observation Reporting System
April 2024
GWC Celebrates World Safety Day Launching a new Safety Observation Reporting System
GWC – one of the fastest-growing logistics businesses in the MENA region ­– is proud to celebrate World Safety Day 2024, an ILO global event promoting health and safety at work. This year’s theme explores the impacts of climate change on occupational safety and health. To mark this international event, GWC hosted various events and […]
GWC Posts QAR 50.88 million in Q1 Net Profits
April 2024
GWC Posts QAR 50.88 million in Q1 Net Profits
23 April 2024, Doha: Gulf Warehousing Company Q.P.S.C (GWC), one of the fastest-growing firms in the MENA region, has announced its financial results for the first quarter of 2024. During the three-month period ending 31 March 2024, the company posted net profits of QAR 50.88 million, gross revenues of QAR 375.73 million, earnings per share […]
GWC Introduces Vision Picking Technology in Qatar
April 2024
GWC Introduces Vision Picking Technology in Qatar
Gulf Warehousing Company — one of the fastest-growing companies in the MENA region — is unveiling its latest initiative: integrating vision-picking technology into supply chain operations. With a steadfast commitment to innovation, GWC is the first logistics company in Qatar to implement vision-picking technology, leading the way toward a more efficient, accurate, and safe future […]
GWC Spreads the Spirit of Ramadan through Community Initiatives
April 2024
GWC Spreads the Spirit of Ramadan through Community Initiatives
Embodying the value of giving and in line with its continuous efforts to promote sustainable development goals for human development, Gulf Warehousing Company (GWC) organized a series of community initiatives and events as part of its CSR Program during the holy month of Ramadan. The daily Iftar meals hosted by GWC for employees at the […]
GWC Participates in Qatar Paralympic Committee Ramadan Tournaments
March 2024
GWC Participates in Qatar Paralympic Committee Ramadan Tournaments
Qatar’s leading logistics provider – attended Qatar Paralympic Committee (QPC) Ramadan Wheelchair Basketball Championship finals. The Ramadan Wheelchair Basketball Championship, organized by the Qatar Federation for Special Needs Sports, concluded over two days in the Federation Hall, with the participation of 20 players representing 4 teams. The final day’s competitions were strong and exciting and […]
Leading the Transport and Logistics Sector: A Catalyst for Sustainable Economic Growth and Innovation
March 2024
Leading the Transport and Logistics Sector: A Catalyst for Sustainable Economic Growth and Innovation
As the backbone of supply chain, road transport plays a pivotal role in connecting its various links, from raw material origins to final customer delivery. With the Ministry of Transport finalizing the Qatar Freight Master Plan (QFMP), attention has shifted to establishing an integrated, effective, and multi-modal road freight system that supports Qatar’s continued economic […]