GWC, Best Customs Brokerage Company
GWC (Q.P.S.C.), Qatar’s leading logistics provider, was recognized for its outstanding performance in providing customs clearance support for companies in Qatar, during an award ceremony held by the General Authority of Customs at the Sheraton Doha Hotel last Tuesday on the occasion of International Customs Day. GWC Vice Chairman Sheikh Fahad bin Hamad bin Jassem bin Jabor Al Thani received the “Best Customs Brokerage Company Award” presented by President of the General Authority of Customs H.E. Mr. Ahmed bin Abdullah Al Jamal, with government officials in attendance. GWC Customs Clearance Agent Mr. Jalal Hassan Al-Alfi also received a “Distinguished Customs Clearance Agent Award” in appreciation of his dedication and cooperation.
The President of the General Authority of Customs H.E. Mr. Ahmed bin Abdullah Al Jamal: “We are pleased to shed light on the synergy between the public and private sectors working towards excellence in the provision of customs brokerage to ensure the safe and secure movement cargo and people. We are also proud to award GWC, a Qatari shareholding company, for their cooperation in the field of customs clearance.”
The event was held in celebration of the “International Customs Day”, dedicated to the swift and smooth cross-border movement of goods, people and means of transport, with the slogan “SMART borders for seamless Trade, Travel and Transport.”
“We are grateful to be recognized for our commitment to excellence in the provision of customs brokerage, it’s a sensitive, delicate and time-bound activity that has been always taken very seriously by GWC,” stated GWC Vice Chairman Fahad bin Hamad bin Jassem bin Jabor Al Thani.
GWC has developed infrastructure over an area exceeding 3 million square meter, and prepared solutions necessary to ensure the continuing movement of cargo within and through the country, whether by land, air, or sea. Through its dedicated clearance team, it’s active freight agents, and its access to its owned largest fleet of transport vehicles in the nation, the company excels as the preferred provider of logistics services and supply chain solution for all industry sectors.
GWC Posts 10% growth in 2018 net profit to QAR237.5mn
Board recommended 19% cash dividend
GWC, Qatar’s leading logistics provider, concluded 2018 with a 10% surge in net profit to QAR237.5 million, as compared with QAR215.4 million in 2017. The Company’s Board has recommended 19% cash dividend to shareholders which is subject for approval during the company’s Annual General Meeting to be held on February 4, 2019.
Gross revenues of the company reached QAR1.232 billion at the end of 2018, in comparison with QAR 981.3 million earned at the end of 2017. EPS increased to QAR4.04 at the end of 2018, in comparison with QAR 3.68 at the end of 2017.
“Such an achievement reflects the success of our long-term strategy, while supporting Qatar National Vision 2030 in becoming a sustainable and diverse economy, and ensuring the best possible returns to our shareholders.” Stated GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor Al-Thani.
The year 2018 has been witness to a number of achievements within the company’s various departments, as GWC’ contract logistics, forwarding, transport, records management and projects departments have made major in-roads in developing contracts with clients in the oil and gas, government, FMCG, and retail sectors, while relocations, fine art, equestrian logistics scored high with clients locally and internationally.
The company also pursued new ventures by adding LEDD Technologies, a technology services and solutions provider aiding local business transformation, and launched GWC Marine operations, offering shipping agency services that meets the economy’s growing needs.
Meanwhile, as the authorized service contractor for UPS in the State of Qatar, and through its massive logistical infrastructure and human capital, GWC has been assigned the agent for UPS Supply Chain Solutions in Qatar.
“Our purpose-driven values of innovation and performance continue to propel us forward in 2018, maintaining and developing our position as the preferred logistics provider in the State of Qatar, and thereby ensuring the best possible returns for our shareholders,” stated Ranjeev Menon, Group CEO of GWC.
The company’s commitment to excellence was recognized by Microsoft and received the “Digital Transformation Award” for its outstanding achievements in leading the company’s digital transformation. GWC was also recognised by the Qatar Green Building Council for its efforts contributing to a greener lifestyle, sustainable development, and environmental protection both in Qatar and internationally.