Qatar Business

Dooha, Qatar: Vodafone Qatar held its Ordinary General Assembly Meeting virtually on Sunday, March 1, 2026 chaired by Vodafone Qatar Chief Executive Officer, Sheikh Hamad Abdulla Jassim Al Thani. The outcome of the Ordinary General Assembly Meeting was the approval of all resolutions on the agenda including the Board of Directors proposal to distribute a cash dividend of 12% of the nominal share value, i.e. QR0.12 per share. The meeting also covered the Board of Director’s report detailing the Company’s activities and its financial position for the financial year ended December 31, 2025. The shareholders reviewed and endorsed the external auditor’s report on the Company’s Accounts for the financial year ended 31 December 2025 and the external auditor’s reports on the Company’s corporate governance and internal controls over financial reporting. It was also approved unanimously that PricewaterhouseCoopers (PwC) be appointed as the Company’s auditors for the financial year 2026, in addition to approving their fees. The shareholders approved the consolidated financial statements of the Company for the financial year ended 31 December 2025 and the Corporate Governance Report of the Company for 2025. Moreover, there was unanimous agreement to discharge the members of the Board from all liabilities and approve their remuneration. Addressing the shareholders on behalf of the Board of Directors, Sheikh Hamad Abdulla Jassim Al Thani, Chief Executive Officer of Vodafone Qatar, said: “Vodafone Qatar delivered strong financial and operational performance in 2025, reflecting the effectiveness of our strategy, continued innovation, and disciplined execution across the business. The year represented a period of sustained momentum as we further strengthened our digital and technological capabilities and reinforced our position as a key enabler of Qatar’s rapidly evolving digital economy. He continued: “Guided by a strong customer-centric approach, the Company continued to invest in next-generation products and services, resilient network capabilities, and future-ready infrastructure.” Sheikh Hamad added: “This year, the Company reported a net profit of QR702m, representing a 16.8% increase year-on-year. Total revenue grew by 8.1% to reach QR3.4bn, while EBITDA exceeded QR1.5bn, reflecting solid operational performance and sustained cost discipline.”

Qatar Business

Doha, Qatar: Qatar ports (Hamad, Ruwais and Doha) witnessed a robust surge in handling of container and cargo volumes in February this year compared to the same period last year. Mwani Qatar stated in a post on its X platform, yesterday the ports performance saw a strong growth in February, handling 118,462 twenty-foot equivalent units (TEUs), a 5 percent increase compared to the same period last year. General cargo reached 111,967 tonnes, up 2 percent, while RORO units surged by 34 percent with 11,631 units. Additionally, 115,126 tonnes of bulk cargo and 39,613 head of livestock were handled, alongside the arrival of 237 vessels, representing a 4 percent increase. Positioned strategically and supported by a rapidly expanding shipping network the ports enables seamless and secure cargo flow and transshipment operations. This boosts customer experience, unlocks greater growth potential, and strengthens the country’s role as a key commercial and logistics hub in the region. The three ports handled 1,458,708 TEUs containers, 1,845,425 tonnes of general and bulk cargo from January to December last year. In last year the three ports received 3,019 vessels. Meanwhile, the ports handled 122,165 RORO units, 490,556 heads of livestock and 509,277 tonnes of building materials. Recently, the luxury cruise ship ‘Aroya’ (AROYA), one of the region’s most modern and elegant vessels, and the flagship of Aroya Cruises, Saudi Arabia’s first cruise line, made its maiden voyage to Qatar at the Old Doha Port, showcasing the terminal as Qatar’s premier gateway for maritime tourism. Meanwhile QTerminals announced the maiden call of MSC Mariella, an Ultra‑Large Container Vessel (ULCV) with a capacity of approximately 24,346 TEU, making it the largest vessel ever handled at Hamad Port — surpassing the previous record by around 700–800 TEU. This maiden call highlights Hamad Port’s capability to efficiently handle some of the world’s largest and most advanced container vessels, reinforcing our expanding operational capacity and our strategic position as a leading global maritime hub. Qatar’s main gateway to the world trade, Hamad Port is the main driver of economic activity related to maritime trade, and goes beyond the needs of the local market. It plays a pivotal role in stimulating various economic activities, especially industry, warehousing and logistics services, while adhering to the highest environmental and development standards.

Qatar Business

Doha, Qatar: The Qatar Central Bank (QCB) announced that it haddecided to implement a remote work policy across all financial institutions operating in the State of Qatar on Tuesday, 3 March 2026, until further notice. QCB added that the financial institutions shall determine the employees whose job duties require their physical presence at the workplace.