Qatari Investors Q P S C : Annual Report 2022

Annual

Report

C o m m i t t e d t o b u i l d Q a t a r

His Highness	His Highness
Sheikh Tamim Bin Hamad Al Thani	Sheikh Hamad Bin Khalifa Al Thani
Amir of the State of Qatar	Father Amir

Table of Contents

Chairman's Message	4-7
Board of Directors	8-11
Executive Management	12-13
QIG Profile	14-33
QIG Assurance Reports 2022	34-39
QIG Corporate Governance Report 2022	40-65
QIG Financial Reports 2022	66-122
Independent Auditor's Report	67-70
Consolidated Statement of Financial Position	71
Consolidated Statement of Profit or Loss and Other Comprehensive Income	72
Consolidated Statement of Changes in Equity	73
Consolidated Statement of Cash Flows	74
Notes to the Consolidated Financial Statements	75-122

04	QATARI INVESTORS GROUP		ANNUAL REPORT 2022	05

Chairman's

Message

2022 was not an ordinary year for Qatar, as it witnessed hosting the first World Cup in the Middle East.

The previous years have had a great impact on the prosperity of the Qatari market, preparing for this event, in which we took part as one of the leading industrial companies listed on the Qatar Stock Exchange by contributing to many industrial and commercial sectors in the State of Qatar.

H.E. Mr. Abdulla Bin Nasser Al Misnad

Chairman of the Board

06QATARI INVESTORS GROUP

Dear Valuable Shareholders,

On behalf of the Board of Directors of Qatari Investors Group, I am pleased to present our Annual Report, which highlights the financial and operational performance of the group and the progress and achievements that have been realized during the year 2022. The annual report also includes the Corporate Governance Report of the fiscal year ending on December 31st, 2022 and the framework set up for the year 2023.

2022 was not an ordinary year for Qatar, as it witnessed hosting the first World Cup in the Middle East. The previous years have had a great impact on the prosperity of the Qatari market, preparing for this event, in which we took part as one of the leading industrial companies listed on the Qatar Stock Exchange by contributing to many industrial and commercial sectors in the State of Qatar.

ANNUAL REPORT 2022	07

and amortization, the company made a profit of QAR 319 million. Our operating activities have achieved net cash liquidity of QAR 290 million and total assets amounted to QAR 4.8 billion as of December 31, 2022.

By taking the company's track record during the year ending on December 31, 2022 into consideration, we can deduce the basis that helped form the company's belief during the previous year and the years before, in which the successive Boards of directors succeeded in directing and leading the executive management to maintain the company's plans for continuity and sustainability in a way that guaranteed the achievement of reasonable profits for the company and the shareholders even during difficult economic periods, which crystallizes the real achievement of the group. Diversifying sources of income by investing in many sectors, especially the industrial, logistical and security sectors, has resulted in a number of investments

The Group achieved

a Revenue of QAR

744 million

providing a

net profit margin of

26%

Net Profit of QAR

192 million

The Board of Directors recommends

the distribution of dividends at QAR 0.15 per share

The Qatari Investors Group, through its subsidiaries, managed to provide support and logistical services during preparations to host this historic event, as part of its commitment to contribute to building the State of Qatar.

In this vein, the services furnished varied at many levels. At the technological sector level, a number of tournament stadiums were equipped with state-of-the-art innovative digital systems in securing stadiums. The Marine Services sector also played a role in receiving one of the world's top luxury residential cruise ships that hosted many of the tournament's guests during its docking in Qatar. As for the transport sector, QIG, through one of its subsidiaries, played a pivotal role in facilitating inland road transport services through its strategic partnerships as a major transport service-provider during the World Cup. Through its partners, QIG also played an important role in highlighting the branding and designs needed for the 8 stadiums that hosted the World Cup, in addition to 100 competition venues outside the stadiums.

The group achieved revenues of QAR 744 million and net profits amounted to QAR 192 million which resulted in a net profit margin of approximately 26% during the year 2022. Before deducting interest, taxes, depreciation

that achieved a balance in the overall revenue, where each sector of investment supports the other, and compensates for any potential stagnation.

The success of this strategy over the past years motivates us to build on our commitment in diversifying the company's investments during 2023, thus, aspiring to achieve greater results that would benefit the company and its shareholders alike, making us a major player in supporting Qatar's economic vision.

The group's results have been included in the audited financial statements and the corresponding disclosures. The group seeks to achieve a balance to be able to finance its growth and strategy while maintaining the necessary levels of liquidity. Accordingly, the Board of Directors is recommending a dividend distribution of 15 Dirhams per share.

Further, QIG continues to grow its investment portfolios by developing the current business sector and promoting local investments, especially in light of the economic planning of the Qatar National Vision 2030. We bear in mind the path towards sustainable development considering the great interest paid in this regard by the world in general, and the interest of the Qatar Stock Exchange in promoting the global sustainability agenda.