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Qatar Tribune
18-06-2025
- Automotive
- Qatar Tribune
Tata Motors strengthens presence in Qatar with the launch of all-new LPO 1622 bus
Strengthening its commitment to delivering reliable and advanced mobility solutions in the Middle East, Tata Motors, one of the world's leading automobile manufacturers, along with its official distributor Al Hamad Automobiles, launched the all-new LPO 1622 bus in Qatar. Developed specifically for staff transportation, the company's first Euro VI-compliant bus in the Middle East offers superior performance, enhanced passenger comfort, and low total cost of ownership. Commenting on the launch, Mr Asif Shamim, Head, International Business, Tata Motors Commercial Vehicles, added, 'The Middle East continues to be a strategic focus for Tata Motors, where our products have consistently delivered value across a range of applications. With Qatar being a key market, we are pleased to further strengthen our presence with the launch of the all-new LPO 1622 bus, designed to offer higher profitability to customers and superior comfort to passengers. Supported by a strong and responsive after-sales ecosystem, we remain committed to delivering reliable, advanced mobility solutions tailored to evolving needs and requirements.' Mr Mohamed Yousef Al Mana, Chairman, Al Hamad Automobiles, said, 'We are proud to continue our long-standing partnership with Tata Motors and support the expansion of their commercial vehicle portfolio in Qatar. As a trusted partner, our focus remains on providing comprehensive after-sales support through our wide service network and easy availability of genuine spare parts. With dedicated teams and infrastructure in place, we are fully committed to ensuring maximum uptime, operational continuity, and long-term value for our customers across the country.' The Tata LPO 1622 bus is powered by a reliable Cummins ISBe 5.6L Euro VI-compliant engine, delivering 220hp of power and 925Nm of torque. The bus is available in two seating configurations - 65-seater and 61-seater, offering flexibility for varied staff transport requirements. It features a full air dual-circuit braking system with ABS, tubeless radial tyres, and a heavy-duty suspension system to ensure safety, comfort, and road stability. The bus also comes equipped with a range of advanced features, including Electronic Stability Control, Hill Start Assist, Cruise Control, and a Multimode Switch to optimise performance across varied operating conditions. Together, with its durable aggregates, spacious and ergonomic seating, and low operating costs, the LPO 1622 bus is an ideal solution for fleet operators seeking long-term value, high uptime, and an enhanced passenger experience. The company also unveiled an enhanced range of world-smart, Euro-V compliant Prima range of heavy trucks designed and engineered to suit the country's growing infrastructure and construction requirements. The range includes the advanced Prima 4040.K, Prima 4440.S, Prima 4040.T and the Prima 6040.S. Tata Motors offers a wide commercial vehicle portfolio in over 40 countries, spanning sub-1-tonne to 60-tonne cargo vehicles and 9-seater to 71-seater mass mobility solutions. Backed by Tata Motors' advanced R&D capabilities, these vehicles are robustly engineered and rigorously tested to suit local market requirements. About Tata Motors Part of the $165 billion Tata Group, Tata Motors Limited (BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a $44 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups,trucks, and buses, offering an extensive range of integrated, smart, and e-mobility solutions. With 'Connecting Aspirations' at the core of its brand promise, Tata Motors is India's market leader in commercial vehicles and ranks among the top three in the passenger vehicles market. Tata Motors strives to bring new products that captivate the imagination of GenNext customers, fuelled by state-of-the-art design and R&D centres located in India, the UK, the US, Italy, and South Korea. By focusing on engineering and tech- enabled automotive solutions catering to the future of mobility, the company's innovation efforts are focused on developing pioneering technologies that are both sustainable and suited to the evolving market and customer aspirations. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by developing a tailored product strategy, leveraging the synergy between Group companies and playing an active role in liaising with the Government of India in developing the policy framework. With operations in India, UK, South Korea, Thailand and Indonesia, Tata Motors markets its vehicles in Africa, the Middle East, Latin America, Southeast Asia, and the SAARC countries. As of March 31, 2024, Tata Motors' operations include 90 consolidated subsidiaries, two joint operations, five joint ventures, and numerous equity-accounted associates, including their subsidiaries, over which the company exercises significant influence.
Zawya
25-02-2025
- Business
- Zawya
Lesha Bank holds its Annual and Extraordinary General Meeting
Lesha Bank LLC (Public) (the 'Bank' or 'Lesha Bank') held its Annual and Extraordinary General Meeting (meeting') on Monday 24 February 2025 and approved all items listed on its agenda. Chaired by Lesha Bank's Chairman, HE Sheikh Faisal bin Thani Al Thani, the meeting took place at The NED Doha, attended by Lesha Bank's Board members, shareholders, and senior management team. The Annual General Meeting covered key agenda items, including the presentation of the Chairman's report for the financial year ending December 31, 2024, and the 2025 work plan. Additionally, several reports were presented and approved, such as the Shari'a Supervisory Board Report, Audited Financial Statement, External Auditor's Report, Corporate Governance Report (in compliance with QFMA Governance Code for Companies and Legal Entities listed on the Main Market), and Internal Control Over Financial Reporting (ICOFR). Moreover, the meeting approved the Lesha Bank 2024 Annual Report and adopted the Board of Directors' recommendation to distribute cash dividends of QAR 0.05 per share, representing 5% of the nominal value. Major transactions were also approved, and the Board members were discharged from liabilities. Additionally, KPMG was appointed as the Bank's external auditor for the financial year 2025, with their fees duly approved. During the meeting, seven Board members (four independent and three non-independent) were elected in accordance with applicable rules and regulations. Mr. Mohamed Yousef Al Mana, Mr. Meshaal Mohamed Al-Mahmoud, Eisa Mohamad Al-Mohannadi, Mr. Nasser Abdullah Al Misnad, Shaha Company for Investment and Real Estate W.L.L. represented by Mr. Hamad Ali Al Mannai, Azum Real Estate Investment Company represented by Mr. Mohammad Ali Al-Sulaiti, and Shift Company W.L.L. represented by Mr. Abdulrahman Totonji, were elected as new board members. The appointment of the remaining two Board members made by the Bank's Strategic Shareholders in accordance with article 34.2 of the Bank's Articles of Association was ratified during the Annual General Meeting: HE Sheikh Faisal bin Thani Al Thani appointed by Al Zubara Real Estate Investment Company W.L.L. and Mr. Nasser Ali Al Hajri appointed by Broog Trading Company W.L.L. They will serve until the end of the current Board term in February 2028. Following their election, the Board now consists of a total of 9 members. The Bank's Extraordinary General Meeting endorsed proposed changes to the Articles of Association, pending regulatory approval, and authorized the Chairman of the Board to sign the approved amended Articles of Association and make any necessary amendments. HE Sheikh Faisal bin Thani Al Thani, Chairman of Lesha Bank commented: 'The year 2024 reflects our unwavering commitment to strategic expansion, and value creation for our stakeholders. Our achievements stand as a testament to our ability to navigate a dynamic global financial landscape, emphasizing resilience and reinforcing our leadership in Shari'a-compliant investment banking. We remain dedicated to our forward-looking approach by aiming to enhance our wealth management offerings, diversifying our investment portfolio across all business segments, and strengthening our position as a dynamic, client-centric financial institution. I am pleased to work closely with the newly appointed Board, composed of experts in their respective fields, and look forward to guiding and leading Lesha Bank to greater heights.' Lesha Bank LLC (Public) is the first independent Shari'a-compliant Bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity on the Qatar Stock Exchange (QSE: QFBQ).
