Woqod’s Board of Directors has approved the company’s projected budget for financial year 2015 entailing a capital (Capex) and operating (Opex) expenditure of nearly QR1.75bn.
The budget was approved by Woqod’s board of directors presided over by chairman Sheikh Saoud bin Abdulrahman al-Thani at Woqod Tower, West Bay yesterday.
The details regarding the Woqod budget incorporating both Capex and Opex were announced by CEO Ibrahim Jaham al-Kuwari here yesterday.
He said during the year Woqod would focus on many projects including the commissioning of up to 12 new petrol stations, four new Fahes (vehicle inspection centres, four new Sidra (convenience) stores, bitumen facilities and gas operations and up to six “expansion” activities.
Al-Kuwari said the Woqod Board of Directors “discussed other related issues and gave its directives”.