home

Media

News
Gulf Warehousing Company to increase its capital through a new rights issue

Gulf Warehousing Company to increase its capital through a new rights issue

May 13, 2015

Gulf Warehousing Company announced that the Corporate Supervision Department of the Ministry of Economy and Commerce has approved the GWC Board’s proposal to increase the company’s capital by 25%, which is equivalent to 11,890,244 shares, at a nominal value of QAR (10) per share, and an issuing premium of QAR (28.50) per share (therefore amounting to a total of QAR 38.50 per share).

The company also announced that it was in the process of getting the Ministry of Economy and Commerce to approve a date to convene an Extraordinary General Assembly Meeting in order to adopt and ratify this transaction. The date of the assembly shall be announced at a later date.

The rights issue announcement follows a succession of strong achievements and milestones for GWC in 2015. The company saw a strong 40% increase in net profits in the first quarter, achieving QAR 40 million, in addition to total revenues peaking at QAR 196 million during this period for a remarkable 28% increase from the previous year. GWC Sports meanwhile participated in one of the major sporting events of the quarter, delivering the logistical requirements for the 24th Men’s Handball World Championship – Qatar 2015.

Additionally, the company announced that it will perform equestrian logistics projects in the State of Qatar, and this service was essential during the company’s execution of logistics support during the transport of 128 horses for the CHI AL SHAQAB international event. GWC also enhanced its fine arts operations with two new trucks specifically designed for the fine art movements in accordance with the highest European standards.

Most recently, the company has announced that it was the Authorized Service Contractor for UPS in Qatar, providing a range of services under its name. The company also asserted the high standards of its operations by being the first in Qatar to receive the ISO 27001:2013 for Information Security Management Systems particular to its records management services.

GET TO KNOW
GWC AND LDA SIGN SHIP OWNING AGREEMENT
July 2023
GWC AND LDA SIGN SHIP OWNING AGREEMENT
GWC, Qatar’s leading logistics and supply chain solutions provider, has signed a teaming agreement with renowned global leader in the maritime industry Louis Dreyfus Armateurs (LDA) to form a strategic partnership to support offshore energy services. The signing took place at LDA’s Paris headquarters and was attended by Ranjeev Menon, Group CEO, GWC, and Kamil […]
GWC GROUP APPOINTS EXECUTIVE DIRECTOR FOR ENERGY LOGISTICS SERVICES
July 2023
GWC GROUP APPOINTS EXECUTIVE DIRECTOR FOR ENERGY LOGISTICS SERVICES
  GWC has appointed Mr. Madhu Vallur to spearhead its energy division in a move which reinforces long-term commitment to the Energy Sector, signaling expansion plans. Mr. Vallur, who will be GWC as Executive Director for its Energy Division, will provide strategic leadership, setting new standards in integrated shipping, logistics and marine services. He will […]
GWC ENERGY TO BOLSTER GLOBAL OIL AND GAS INDUSTRY
July 2023
GWC ENERGY TO BOLSTER GLOBAL OIL AND GAS INDUSTRY
New subsidiary of GWC Group set to become the preferred choice for energy projects. GWC Group has illustrated its unwavering commitment to facilitating the growth and development of Qatar’s energy industry by unveiling a new subsidiary that will support increased demand for energy across the globe. GWC Energy W.L.L will deliver solutions to clients in […]
GWC releases Q1 results
April 2023
GWC releases Q1 results
GWC (Q.P.S.C.), Qatar’s leading logistics provider, announced its financial results for the first quarter of 2023. During the three-month period ending 31 March 2023, the company posted net profits of QAR 61.5 million. The company gross revenues registered QAR 412.7 million, earnings per share of QAR 0.105, and total assets of QAR 4.8 billion for […]
GWC awarded the ISO 31000:2018 Record of Verification Certificate
March 2023
GWC awarded the ISO 31000:2018 Record of Verification Certificate
GWC was awarded the “ISO 31000:2018 Record of Verification” certification by LRQA for Enterprise Risk Management (ERM) System, after a thorough assessment, which found the company in full compliance with the guidelines provided by ISO Risk Management Standard. This certificate is an internationally recognized standard that ensures that a company is managing “risks” effectively and […]
GWC Holds its Ordinary and Extraordinary Assembly General Meeting
February 2023
GWC Holds its Ordinary and Extraordinary Assembly General Meeting
GWC Q.P.S.C, the leading logistics provider in the State of Qatar, held its Ordinary and Extraordinary Assembly General Meeting at the GWC Regional Hub, on 19 February 2023 and approved the Group’s financial results for the year ending 31 December 2022. The meeting was chaired by GWC Chairman Sheikh Abdullah Bin Fahad Bin Jassem Bin […]
GWC accredited GCC Authorized Economic Operator (AEO)
January 2023
GWC accredited GCC Authorized Economic Operator (AEO)
GWC has been accredited in the GCC Authorized Economic Operator Program, adding another feather to its cap as it pursues out its mission to deliver unrivaled service to its clients. Following the formal commencement of the GCC AEO Program on 1 January 2023, enabling GWC to function as an authorized economic operator. This comes as […]
GWC announces annual financial results with QAR 239.6 in net profits for 2022
January 2023
GWC announces annual financial results with QAR 239.6 in net profits for 2022
GWC (Q.P.S.C.) has announced its results for the financial year ending 31 December 2022 achieving net profits of QAR 239.6 million, with gross revenues reaching QAR 1.519 billion at the end of 2022, and EPS at QAR 0.41 by the end of the same period. The Company’s Board has recommended QAR 0.1 cash dividend to […]
GWC Celebrates the Success of FIFA World Cup Qatar 2022™
January 2023
GWC Celebrates the Success of FIFA World Cup Qatar 2022™
2022 was a year of triumph, and it culminated in an unforgettable celebration: the best FIFA World CupTM in history. For GWC, the leading logistics provider, it was an endorsement of the company’s confidence in delivering seamless logistical execution of hosting the FIFA World Cup Qatar 2022TM. GWC celebrated the success with honoring the outstanding […]
Smooth FIFA World Cup™ operations highlight Qatar’s ability to host outstanding mega-events
December 2022
Smooth FIFA World Cup™ operations highlight Qatar’s ability to host outstanding mega-events
GWC outline extensive logistics mandate during Qatar 2022™ as the country looks forward to hosting more major international mega-events in the future. The resounding success of the FIFA World Cup Qatar 2022™ lays a platform for the country to host major international events long into the future. The tournament will also significantly boost the development of […]