Five Qatari firms in GCC’s 30 most valuable non-banking companies
Al Meera Consumer Goods Company was named as one of five Qatari firms in Marmore Mena Intelligence's '30 most valuable non-banking companies in the GCC' list.
Besides Al Meera and Medicare Group, other Qatari companies included in the list are Qatar Fuel (Woqod), Widam Food, and Mazaya Qatar.
The selection was based on financial performance and quantitative methods, taking into account three key parameters, namely the company's return on equity (ROE), debt-to-equity (D/E) ratio, and its average profit after tax (PAT) growth percentage for the past three financial years, with weightage of 40%, 40% and 20% respectively.
Out of the 30 GCC companies that made it to the list, Al Meera recorded the second highest annualised five-year returns (five year CAGR) at 43%, following Qatar's Medicare Group, which registered a five-year CAGR of 49%. Al Meera expanded its operations in previous years and witnessed an increase in sales in 2015, while maintaining a low D/E ratio of 0.06.
“The average PAT growth percentage was 24% (2013-2015) and the ROE was 11.7% in 2015. The company has planned for major expansions in the coming years and has attracted investors from Qatar and GCC," the report said.
Courtesy: Qatar-tribune.com
