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April 2018

GWC withstands blockade well as freight business picks up: QNBFS

April 2018

GWC Achieves QAR 56.7 million in Q1 2018 Net Profits

Qatar’s leading logistics provider, concluded its first quarter of 2018 achieving QAR 56.7 million, as compared to QAR 50.5 million by the end of the same period in 2017, at a rate of 12%. The company’s revenue streams gained QAR 311,6 million at the end of the quarter, as compared with QAR 222.7 million in the first quarter of 2017, a 40% increase. Earnings per share also increased to QAR 0.97 by the end of Q1 2018, a 12% increase from QAR 0.86 at the end the same period in 2017.

“Our commitment to the diversification of the economy and the objectives of the Qatar National Vision 2030 has served us well, making us the largest provider of Qatar’s private logistics infrastructure,” stated GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani. “With its proven foundations of infrastructure and innovative systems and solutions, the company has stood by the nation through the extraordinary circumstances it experienced lately, realizing our purpose to remain the provider of choice for logistics services in Qatar, and thereby ensuring our shareholders the best possible returns.”

GWC’s achieved this growth due to increasing operational and financial efficiencies, as well as expanding on its existing contract base. The company also completed key Fine Art logistics projects within the State of Qatar, including a major operation at the national airport.

Further proving its own capabilities and those of the nation, the company was a leading participant in the country’s inaugural “Qatar Self Sufficiency Exhibition”, a forward-thinking exhibition bringing together influential leaders and decision makers to demonstrate the innovations and solutions that will serve the needs of the nation.

The company’s commitment to excellence was recognized through several honours, recognition by QAFAC towards achieving 10 million incident free hours at their facility; and from the Director of the Listing Department at QE Mr. Abdulaziz Nasser Al Emadi, who commended the company’s websites for the astounding development that it had achieved during the Third Annual Investor Relations Excellence Program Awards Ceremony.

GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al Thani stated: “The company will continue to rely on the strength and stability made possible by our well-established infrastructure and by our highly skilled and loyal employee base as we set our strategies for the future.”

April 2018

GWC Honored for Contributions towards 10 Million Incident-Free Work Hours at QAFAC

GWC (Q.P.S.C.), the leading logistics provider in the State of Qatar, has been honored and recognized for its contributions towards 10 million incident-free work hours at QAFAC’s Messaieed Industrial City. In honor of this momentous milestone achievement in HSSE Management, QAFAC held an awards ceremony to recognize the top 12 contributing contractors to this milestone, with over 500 attendees present. Senior Director of Commercial Services Mr. Naji Nassar received the award on behalf of GWC from QAFAC CEO Mr. Khaled Sultan Al Kuwari.

In addition, the assembled contractors showcased their various safety response procedures through a number of demonstrations and presentations. At the GWC stall, visitors were demonstrated with emergency responses to chemical spills inside a warehouse and how to ideally handle that, the audience also learned about the trainings GWC provide to all its employees on its systems and organizational requirements, developing the core competencies of its staff. The company also displayed its safety preventative maintenance procedures aimed at ensuring the safety, health and security of its staff, in addition to minimizing the company’s impact on the environment.

“Our QHSE Management System provides the framework for all our service offerings and operations conducted in or by the company,” stated GWC Senior Director of Commercial Services Mr. Naji Nassar. “It is our pleasure to utilize and share these skills to ensure that all GWC operations at QAFAC run reliably and smoothly in the safest and most secure of working environments.”

The award ceremony came after a year of renewed support for the Oil and Gas industry by GWC, who increased their 3PL or 4PL operations with several major industry clients, in addition to creating an Oil and Gas logistics supply base over 125,000 square meters in record time at the request of a newly acquired client.

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