ZAD Holding Company achieved consistent and profitable growth in 2018, driven by prudent risk management and strategic investments, as announced during the annual general meeting.
The board approved a cash dividend of QR8.5 per share for 2018, with a net profit of QR213.49 million—a 7.66% increase compared to 2017. Despite economic challenges, the company maintained strong performance.
Key developments included the launch of a state-of-the-art cold storage facility and a fully integrated edible oil refining and packaging plant, underscoring ZAD Holding’s focus on self-sufficiency and growth. CEO Tarique Mohamed highlighted the edible oil brand’s market share of 25%-30% and the company’s shift to directly importing crude oil from the US, Europe, and Southeast Asia, eliminating reliance on GCC markets.
Chairman Abdulla Ali al-Ansari emphasized long-term investments with high yield potential and reaffirmed the commitment to returning value to shareholders. He attributed the success to visionary leadership, strong business ethics, and customer-centric strategies.
ZAD Holding aims to scale new heights through efficiency, innovation, and market adaptability in the coming years.
