Latest news with #GulfWarehousingCompanyQ.P.S.C
Zawya
22-04-2025
- Business
- Zawya
GWC discloses Q1-2025 financial results
Sheikh Mohammed Bin Hamad: We remain committed to strengthening our financial position Sheikh Abdulla Bin Fahad: We are implementing a comprehensive expansion strategy Matthew Kearns: We aim to deliver innovative logistics solutions to our clients Doha / Qatar: Gulf Warehousing Company Q.P.S.C (GWC) – one of the leading logistics providers in the MENA region, announced its financial results for the first quarter (the three-month period ending March 31, 2025). The company reported total revenues of QAR 367.65 million, a net profit of QAR 37.69 million, and earnings per share of QAR 0.064. His Excellency Sheikh Mohammed Bin Hamad Bin Jassim Bin Jaber Al Thani, GWC Chairman, said: 'We succeeded in achieving a growth in our net profits by 54% on a quarterly basis of QAR 37.69 million in the first quarter of this year as compared to QAR 24.87 million during the last quarter of 2024. At the same time, the company remains focused on achieving its strategic goals, which include sustaining profitability, expanding into promising sectors and markets, while contributing to the implementation of the Third National Development Strategy and Qatar National Vision 2030, and strengthening its position as one of the leading logistics providers in the MENA region." He added: 'We are continuing our efforts to solidify the company's financial position, enhance operational efficiency, and develop the infrastructure and human capital, while implementing a well-planned expansion strategy and adopting a prudent approach to mitigate potential risks. This calls for greater flexibility and adaptability to changing economic conditions in order to ensure long-term stability, achieve sustainable returns, and maximize shareholder value." His Excellency Sheikh Abdulla Bin Fahad Bin Jassim bin Jaber Al Thani, GWC Managing Director, said: 'GWC is actively implementing a comprehensive expansion strategy aimed at enhancing returns and diversifying its investments by solidifying its presence in promising markets that offer opportunities for sustainable growth. This will further strengthen our leadership in the regional logistics sector while expanding our local logistics network to provide best in class services to our clients.' By the end of February 2025, GWC launched a cutting-edge logistics hub in Ras Laffan Industrial City, dedicated to servicing Qatar's vital oil and gas industry, particularly with the implementation of the North Field Expansion Project — the world's largest LNG project currently under construction. In March, GWC signed a strategic partnership agreement with Huawei to provide delivery services for its e-commerce store across Qatar, ensuring an exceptional customer experience following the official launch of Huawei's e-commerce store in Qatar on March 20, 2025. Matthew Kearns, GWC's Acting Group CEO, said: 'Innovation is our top priority as we aim to deliver leading logistics solutions that meet all customer needs and keep pace with future developments. In addition to our commitment to the highest standards of sustainability and governance, we are dedicated to supporting small and medium-sized enterprises, delivering world-class logistics services, expanding our customer base, and forging strategic partnerships with promising companies that add value to our business. These will not only offer profitability opportunities, and enhance operational excellence, but also increase efficiency and reinforce our brand presence locally, regionally, and globally.' In early April, GWC received its first Long- and Short-Term ratings on the Qatar National Scale of 'qaA-' and 'qaA2', respectively, from Capital Intelligence, with a stable outlook. The international agency confirmed that GWC is the largest logistics services provider in Qatar, with a dominant market share in its home market, a strong financial position, and a focus on improving margins by offering higher value-added supply chain services, supported by its solid capital base. About GWC Group Gulf Warehousing Company Q.P.S.C (GWC) is Qatar's number one logistics and supply chain solutions provider and a trusted industry leader across the GCC. Since its establishment in 2004, GWC has built a reputation for operational excellence, innovation, sustainability, and reliability. With a comprehensive regional network and advanced infrastructure, the company delivers seamless, technology-driven solutions covering warehousing, distribution, freight forwarding, transportation, and specialized logistics. GWC empowers businesses of all sizes, from entrepreneurs and SMEs to global multinationals, enabling seamless operations and sustainable growth. Notably, GWC was the first Regional Supporter and the Official Logistics Provider for the FIFA World Cup Qatar 2022™, showcasing its world-class capabilities on the global stage.
Zawya
09-04-2025
- Business
- Zawya
Qatar: GWC receives ratings from Capital Intelligence with ‘stable' outlook
Doha, Qatar: Gulf Warehousing Company Q.P.S.C (GWC), one of the leading logistics providers in the MENA region, announced that Capital Intelligence (CI) has assigned the company first-time Long- and Short-Term ratings on the Qatar National Scale of 'qaA-' and 'qaA2', respectively. The Outlook on the ratings is 'Stable'. The international agency confirmed that GWC is by far the largest logistics services provider in Qatar, and it has a dominant market share in its home market. Moreover, it enjoys a strong financial position, while its wholly owned subsidiary, Flag Logistics, launched in early 2024, is performing well with promising future expansion opportunities. According to Capital Intelligence, GWC's current focus at home will increasingly be on improving margins by introducing higher value-added supply chain services, supported by its solid capital base. This base is set to be bolstered as a result of the planned issue of a subordinated perpetual sukuk, which was recently approved by GWC's Extraordinary Assembly General Meeting in compliance with Islamic Sharia principles, with a total value of QR2bn (or its equivalent in other currencies). The agency also highlighted GWC's credit strengths, including strong cash flows, as the company works on increasing overall occupancy at its existing facilities in Qatar while simultaneously aiming to grow the proportion of higher margin 3PL (third-party logistics) and 4PL (fourth-party logistics) revenues in its overall top line. Sheikh Abdulla Bin Fahad Bin Jassim bin Jaber Al Thani, GWC Managing Director, said: 'Capital Intelligence is one of the largest rating agencies in the world, and therefore, its first-time rating of GWC with a stable outlook is an international endorsement of the strength of the business model. It clearly reflects the company's leadership position in the logistics sector and the significant progress it has made in enhancing its performance, alongside the current expansion strategy to diversify income sources, maintain stable cash flows, and ensure sustainable profitability.' Matthew Kearns, GWC's Acting Group CEO, said: 'This rating aligns closely with the efforts to enhance GWC's performance in the logistics sector, support small and medium-sized enterprises, foster innovation, focus on sustainability, and contribute effectively to the diversification of the national economy and Qatar's National Vision 2030. The rating also serves as a major catalyst to further improve performance in the upcoming period and deliver the best value for shareholders.' GWC is maintaining its position as the premier provider of warehousing and distribution solutions across diverse sectors, serving entrepreneurs, micro, small and medium enterprises, as well as multinational corporations. GWC's contributions to the logistics sector were recognised with multiple awards in 2024. The Al Wukair Logistics Park was named 'Project of the Year' by meed projects showcasing GWC's ability to deliver forward-thinking infrastructure that meets the evolving needs of the market. Additionally, Qatar's General Authority of Customs honoured GWC for its efforts in streamlining customs processes, further cementing its reputation as a trusted logistics partner. GWC was also ranked ninth regionally in the transport and logistics category on Forbes Middle East's Sustainability Leaders 2023 and 2024. The prestigious list recognizes 105 companies leading impactful sustainability initiatives across the region. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
Zawya
08-04-2025
- Business
- Zawya
GWC receives ratings from Capital Intelligence with 'stable' outlook
Sheikh Abdulla bin Fahad: An international testament to the strength of our business model Matthew Kearns: A key driver for enhancing our performance in the upcoming period. Doha / Qatar: Gulf Warehousing Company Q.P.S.C (GWC), one of the leading logistics providers in the MENA region, announced that Capital Intelligence (CI) has assigned the company first-time Long- and Short-Term ratings on the Qatar National Scale of 'qaA-' and 'qaA2', respectively. The Outlook on the ratings is 'Stable'. The international agency confirmed that GWC is by far the largest logistics services provider in Qatar, and it has a dominant market share in its home market. Moreover, it enjoys a strong financial position, while its wholly owned subsidiary, Flag Logistics, launched in early 2024, is performing well with promising future expansion opportunities. According to Capital Intelligence, GWC's current focus at home will increasingly be on improving margins by introducing higher value-added supply chain services, supported by its solid capital base. This base is set to be bolstered as a result of the planned issue of a subordinated perpetual sukuk, which was recently approved by GWC's Extraordinary Assembly General Meeting in compliance with Islamic Sharia principles, with a total value of QAR2 billion (or its equivalent in other currencies). The agency also highlighted GWC's credit strengths, including strong cash flows, as the company works on increasing overall occupancy at its existing facilities in Qatar while simultaneously aiming to grow the proportion of higher margin 3PL (third-party logistics) and 4PL (fourth-party logistics) revenues in its overall top line. Sheikh Abdulla Bin Fahad Bin Jassim bin Jaber Al Thani, GWC Managing Director, said: 'Capital Intelligence is one of the largest rating agencies in the world, and therefore, its first-time rating of GWC with a stable outlook is an international endorsement of the strength of the business model. It clearly reflects the company's leadership position in the logistics sector and the significant progress it has made in enhancing its performance, alongside the current expansion strategy to diversify income sources, maintain stable cash flows, and ensure sustainable profitability.' Matthew Kearns, GWC's Acting Group CEO, said: 'This rating aligns closely with the efforts to enhance GWC's performance in the logistics sector, support small and medium-sized enterprises, foster innovation, focus on sustainability, and contribute effectively to the diversification of the national economy and Qatar's National Vision 2030. The rating also serves as a major catalyst to further improve performance in the upcoming period and deliver the best value for shareholders.' GWC is maintaining its position as the premier provider of warehousing and distribution solutions across diverse sectors, serving entrepreneurs, micro, small and medium enterprises, as well as multinational corporations. GWC's contributions to the logistics sector were recognised with multiple awards in 2024. The Al Wukair Logistics Park was named 'Project of the Year' by meed projects showcasing GWC's ability to deliver forward-thinking infrastructure that meets the evolving needs of the market. Additionally, Qatar's General Authority of Customs honoured GWC for its efforts in streamlining customs processes, further cementing its reputation as a trusted logistics partner. GWC was also ranked ninth regionally in the transport and logistics category on Forbes Middle East's Sustainability Leaders 2023 and 2024. The prestigious list recognizes 105 companies leading impactful sustainability initiatives across the region. About GWC Group Established in 2004, GWC has become the No. 1 logistics and supply chain solutions provider in the State of Qatar and one of the fastest growing companies in the region. GWC offers best-in-class logistics and supply chain services that include warehousing, distribution, logistics solutions for hazardous materials, freight forwarding, project logistics, sporting events and equestrian logistics solutions, fine art logistics, supply chain consulting services, transportation, records management, and local and international relocation services. GWC benefits from a global freight network and massive logistics infrastructure spanning over 4 million square meters. GWC was the first Regional Supporter and the Official Logistics Provider for the FIFA World Cup Qatar 2022™.
Zawya
19-03-2025
- Business
- Zawya
GWC secures ISO 31000:2018 recertification
Matthew Kearns: Upholding operational excellence and enhancing process reliability Integrating risk management into strategic planning to improve decision-making Doha / Qatar: Gulf Warehousing Company Q.P.S.C (GWC) – one of the leading logistics providers in the MENA region, has announced the successful renewal of its ISO 31000:2018 Record of Verification Certificate by Lloyd's Register Quality Assurance (LRQA). This milestone underscores GWC's unwavering commitment to excellence, following a rigorous evaluation that reaffirmed the company's full compliance with international enterprise risk management (ERM) standards. This certificate is an internationally recognized standard that ensures that a company is managing 'risks' effectively and reaffirms its ability to consistently deal with and contain uncertain situations. ERM identifies risks which are potential, emerging or existing within an organization that could have an impact (positive or negative) in achieving its strategic and operational objectives. Matthew Kearns, GWC's Acting Group CEO, said: "The renewal of GWC's ISO 31000:2018 Record of Verification Certificate reaffirms our unwavering commitment to the highest standards of operational efficiency and further enhances the reliability of our processes in identifying, assessing, and addressing corporate risks." Adopting ERM global best practices enhances the ability to achieve strategic and operational objectives while optimizing core processes. Risk management is a cornerstone of the organization's decision-making framework, supported by a robust system of controls, procedures, and standards that proactively identify, assess, monitor, mitigate, and report risks with precision and consistency—ultimately driving operational excellence. Kearns emphasized GWC's commitment to maintaining the highest global quality standards by refining its operational systems and proactively identifying and managing risks. With a comprehensive preventive approach, the company strengthens its agility and ensures business continuity during emergencies and crises. he added that GWC adopts a proactive ERM framework that accounts for the interconnectivity of functions and operations. By integrating risk management into strategic planning, the company strengthens decision-making and ensures business continuity, even in the face of unexpected challenges, which is a key pillar of our growth strategy. Kearns highlighted GWC's commitment to reinforcing its position as a leading logistics provider by adhering to global best practices and supporting Qatar's Third National Development Strategy and Qatar National Vision 2030. The company continues to leverage cutting-edge technologies to deliver advanced logistics solutions that meet the needs of its diverse clientele and elevate the sector to new heights. Additionally, GWC prioritizes sustainability and actively supports micro, small, and medium-sized enterprises (MSMEs), enhancing their competitiveness and long-term success. GWC remains at the forefront as the premier provider of warehousing and distribution solutions across diverse industries. The company's comprehensive services cater to entrepreneurs, MSMEs, and MNCs, provides land, air, and sea freight services, along with customs clearance, project logistics, and international moving and relocations. Additionally, GWC manages the State of Qatar's largest fleet, boasting over 1,600 trucks, trailers, and specialized vehicles, while also providing marine services, facilitated through established subsidiaries, include shipping agency services, liner representation, port agency services, cruise ship hosting, and husbandry services. As the Authorized Service Contractor (ASC) for UPS in Qatar, GWC strategically expands the courier giant's market share through the utilization of its logistics infrastructure. About GWC Group Established in 2004, GWC has become the No. 1 logistics and supply chain solutions provider in the State of Qatar and one of the fastest growing companies in the region. GWC offers best-in-class logistics and supply chain services that include warehousing, distribution, logistics solutions for hazardous materials, freight forwarding, project logistics, sporting events and equestrian logistics solutions, fine art logistics, supply chain consulting services, transportation, records management, and local and international relocation services. GWC benefits from a global freight network and massive logistics infrastructure spanning over 4 million square meters. GWC was the first Regional Supporter and the Official Logistics Provider for the FIFA World Cup Qatar 2022™.
Zawya
16-03-2025
- Business
- Zawya
GWC celebrates Global Recycling Day with the success of a pioneering sustainability project
ONE of the region's leading logistics services providers has marked Global Recycling Day by highlighting the success of a pioneering sustainability project setting new benchmarks for food waste recycling and circular economy practices. Qatar-based Gulf Warehousing Company Q.P.S.C (GWC) said its landmark Biobin initiative processed nearly 100 tons of food waste from its sites last year, transforming close to 40 tons into premium, nutrient-rich compost - enough to cover the equivalent of 14 FIFA football pitches. As part of the initiative, the recycled compost is donated to local agricultural projects including Education City Micro Farm, a community garden run by agriculture company Hadiqa that offers educational workshops for children in Doha, teaching them about gardening to create a more self-sufficient future. GWC, which offers a diverse service portfolio including contract logistics, freight forwarding, transportation, records management, and supply chain consulting, is at the forefront of innovative waste management and recycling, having recycled over 2,200 tons of waste in 2024 alone. With a bold target of cutting waste by 20% by 2030, the company is committed to minimizing landfill dependency, promoting sustainable solutions and reinforcing Qatar National Vision 2030 goals. Matthew Kearns, Acting Group CEO of GWC, said: "The Biobin initiative demonstrates GWC's dedication to building a sustainable future for Qatar. Through innovative projects like this, we're able to close the loop on food waste and ensure it directly benefits the community through local agriculture. It's a powerful example of our commitment to national development goals and our role in fostering environmental responsibility.' Following its successful launch last year, GWC is aiming to increase the amount of compost produced by the Biobin initiative in 2025 continuing the pathway to a brighter, greener future. Vicky Damalou, Co-Founder of Hadiqaa, emphasized the impact of the initiative: 'The high-quality compost provided by this initiative has enriched our soil, leading to healthier crops and a more productive garden. This partnership demonstrates how sustainability and community-driven efforts can come together to create meaningful change, promoting food security and environmental responsibility in Qatar.' Eugene de Jongh, Managing Partner of fertilizer manufacturer Agricompost, which is a partner in the project, added: "Our collaboration with GWC has made a tangible difference in sustainable farming. The compost we produce is essential for enriching Qatar's soil and growing healthier, locally produced food—strengthening the country's food security and environmental responsibility.' Beyond food waste recycling, GWC is implementing a range of groundbreaking sustainability initiatives: These include a Sewage Treatment Plant at the Bu Sulba Warehousing Park, which recycles sewage water to irrigate trees, shrubs, and grass within the facility. The company also recycles an average of 50 tons of wooden container pallets per month, The refurbished pallets are collected by contractors, shredded for use in farms and stables, or converted into fire-starting materials. On Global Recycling Day (18 March), GWC is paving the way toward a greener, more resilient future with a number of major sustainability focused announcements expected in the near future. -Ends- About GWC Group Established in 2004, GWC has become the No. 1 logistics and supply chain solutions provider in the State of Qatar and one of the fastest growing companies in the region. GWC offers best-in-class logistics and supply chain services that include warehousing, distribution, logistics solutions for hazardous materials, freight forwarding, project logistics, sporting events and equestrian logistics solutions, fine art logistics, supply chain consulting services, transportation, records management, and local and international relocation services. GWC benefits from a global freight network and massive logistics infrastructure spanning over 4 million square meters. GWC was the first Regional Supporter and the Official Logistics Provider for the FIFA World Cup Qatar 2022™. Our Social Media handle is @gwclogistics Get in touch:
