THE MIDDLE EAST’S

75. Qatar Fuel (WOQOD)

Country: Qatar
Sector: Retail
Managing Director and CEO: Saad Rashid Al-Muhannadi
Market Value: $3.9 billion
Sales: $7.7 billion
Profits: $280 million
Assets: $4 billion

WOQOD is the sole distributor of fuel products throughout Qatar. In 2023, the number of petrol stations had more than doubled in six years, with 126 fuel stations in operation, with the addition of four newly constructed stations. In August 2023, the group and QatarEnergy extended their agreement for the sale and purchase of petroleum products for an additional five years until September 2028. As of Q1 2024, the group had installed 25 electric charging points in 19 petrol stations in coordination with KAHRAMAA. QatarEnergy holds a 20% stake in WOQOD.