Mawashi announces its long-term strategy for development and expansion in Qatar

Mr Al Kaabi said that Mawashi has registered continued y-o-y growth with net profits reaching QR41,705,576 during the first half of 2012 turning Mawashi into one of the largest companies of its kind in Qatar and the region. Net profits were up from QR18,509,059 over the same period in 2011.

Al Kaabi explained, "Our outstanding figures strongly highlight our steadfast commitment to provide highest quality products and services. These results are owing to our team's unfaltering efforts to bring forth unmatched standards of professionalism with global best practices and processes linked to our deep-rooted understanding of market and customer needs. As a matter of fact, our achievements have been accentuated with the latest accolade Mawashi has won in June of this year in Paris, France, an award that recognizes world-class quality management across the board."

Mawashi was recognized at the 16th International Star for Quality in Leadership Convention in France in June 2012 adding another title to four recognitions from MLA Australia for Quality Management, and attesting to the company's business success and solid contribution to the local and regional food industry by being the "guardian" of food safety and public health.

These successes are owing to the efforts, the innovations and the ethics of Mawashi's team of experts from across the globe who have come together to introduce radical changes to the company through international standards in food quality, hygiene, technology and security alongside digital, state-of-the-art consumer and business services.

On the financial front, Al Kaabi also said that the company witnessed a QR2.32 return on its stock price up from QR1.03 registered in the first half of 2011 and representing, thus, an increase of 125%; that's in addition to a 38% rise in sales. Mawashi's profits were 100% operational.

Al Kaabi added, "Mawashi will continue with its ambitious expansion plans in order to achieve maximum return on stock price by putting to use its entire capabilities and resources before end of 2012 in order to be ready to cater to the growing market needs and demands by the beginning of 2013."

In May 2012, Al Kaabi was recognized as one of the key pioneers of the Arab food security industry at the second edition of the Arab Forum for Food Industry and Food Security by HE Sultan Al Mansoori, UAE Minister of Economy, Dr. Mohammed Reda Ismail, Egyptian Minister of Agriculture, Professor Mohammed I. At-Twaijri, Assistant Secretary-General for Economic Affairs of the Arab League, and Dr Hayssam Jaffan, President of Arab Federation of Food Industries.

At Mawashi, Al Kaabi's long-term strategy relied on investment in industrial agriculture in order to serve the vision and objectives of the Qatar National Food Security Program. The strategy also included investment in food sources outside Qatar and future investments in value-added food manufacturing chains and renewable energy industry processes in order to support the country's food security endeavors.

Al Kaabi also expanded beyond Qatar with branches in Sudan alongside worldwide deals that bring to the market the best quality meat and livestock by land, sea and air.

Mawashi is currently moving towards an increased focus on food security that goes well beyond trading in meat and livestock. The company is also looking into further diversifying its portfolio by tapping into the fish and poultry industry as part of its future projects and plans that are under research for the future.