Fahad Al-Mohannadi has been at the helm of Qatar Electricity and Water Company (QEWC) for the past 12 years, steering the company through significant expansion and development. QEWC, partially owned by the Qatari government with a 42.7% stake, is recognized as one of the pioneering firms in the production of electricity and water in the region. Initially starting with a limited number of power and desalination plants, QEWC has transformed its operations to meet the growing demands of the country.
Financial Performance
The company’s financial health has shown remarkable improvement over recent years. From 2007 to 2011, QEWC’s total assets surged by 26%, reflecting a robust growth trajectory. Earnings per share also witnessed a significant increase of 20.8%, underscoring the company’s commitment to enhancing shareholder value.
In 2011, QEWC achieved a net profit of $366 million, a notable rise from the previous year’s $319.4 million. This consistent growth in net income highlights not only the company’s strong market position but also its operational stability and efficiency in managing resources.
Conclusion
Under Fahad Al-Mohannadi’s leadership, QEWC has solidified its role as a key player in Qatar’s industrial sector, continually enhancing its infrastructure and project development. The company’s upward trend in both productivity and profitability illustrates its strategic importance in meeting the nation’s energy and water needs.
