Woqod allocates QAR 605m for capital projects in 2017

Doha – Mubasher: Qatar fuel’s (Woqod) board of directors estimated expenditure on capital projects at QAR 605 million for the fiscal year 2017.

The company’s board held its sixth ordinary meeting on Thursday, 15 December, in which it approved the estimated budget for 2017.

Woqod will focus on accelerating the process of commissioning new petrol stations, other projects and introducing new products and services, which contribute to additional income sources for the company, according to a bourse filing.

The stock grew 0.42% to QAR 143.06 by 10:22am Doha time.

Mubasher Contribution Time: 19-Dec-2016 08:48 (GMT)
Mubasher Last Update Time: 19-Dec-2016 08:48 (GMT)