The country’s premier news and business magazine will felicitate the top performing companies in the Qatar Stock Exchange.
Doha, May 4, 2016: Qatar Today, the oldest and the most read English business and news magazine in the country, announced the second edition of Qatar Today Business Excellence Awards, which will be held on May 30, 2016 at Marsa Malaz Kempinski, The Pearl-Qatar. The event, being held under the auspices of Qatar Stock Exchange and with the continued support of Maserati Qatar, will identify and felicitate the top performing companies on the bourse in 2015. Qatar Today will also honour prominent companies and individuals who have done the nation proud by excelling in the fields of business and economy, aligning their company’s goals to the Qatar National Vision 2030.
“When we launched this event last year, on the eve of the tenth anniversary of publishing the annual QT Top 10 list, we promised that this event will grow bigger and more vibrant in the years to come, thanks to the adrenaline-fuelled growth of Qatar’s private sector. We are back this year with a new and improved formula to determine the Top 10 companies, more partners and a bigger venue. Today we are honoured to introduce our partners without whom an event of this ambition and magnitude won’t be possible,” says Sindhu Nair, Managing Editor of Oryx Publishing and Advertising, the house that brings out Qatar Today every month.
Qatar Today Business Excellence Awards is proud to have Maserati on deck once again as the main sponsor. To have the backing of a business conglomerate like the Alfardan Group is reaffirming, considering the company is an embodiment of exactly the sort of values and spirit that Qatar Today Business Excellence Awards seeks to recognise and honour. On this occasion, Charly Dagher, General Manager of Alfardan Sports Motors – Maserati Qatar, said, “Maserati Qatar is pleased to be the official sponsors for the second edition of the QTBEA ceremony. The awards are a unique platform that recognises the entrepreneurship spirit of Qatari business leaders, who have helped drive the economy forward. We are proud to show our support for the second consecutive year of this prestigious awards ceremony, and look forward to setting new standards of business excellence within the country.”
Once again Qatar Today has enlisted the help of our Validation Partners Deloitte & Touche who have kindly vetted the formulae and parameters in creating the ranking. “The ranking is designed to provide a snapshot of share performance from an investor’s perspective. This year Qatar Today has adjusted their ranking methodology in order to better align with the best practices adopted by similar international rankings. The ranking is based on performance and utilises key financial metrics and ratios. The underlying data is sourced from Capital IQ (one of the stock market database vendors operating under McGraw Hill) and the Qatar Stock Exchange. The weighted average mechanism considers performance of all companies on QSE for three years with focus on current financial results.
Weights assigned to financial metrics by QT comprises share price growth (20%), dividend yield (20%), liquidity (20%), return on equity (15%), revenue growth (10%) and net margin (15%). Liquidity has been estimated by having reference to annual number of transactions and volume traded compared with shares outstanding,” according to Deloitte & Touche Qatar representatives, Head of Financial Advisory Services, Robin Butteriss; and Assistant Director, Saumya Krishna.
This year we welcome the support of Gulf Bridge International, a Qatari company that has become a global connectivity provider. Abdulla Al Rwaili, Executive Vice-Chairman and Managing Director of GBI, said, “GBI is a global connectivity provider with headquarters in Doha. As a global player, we believe in innovation and always strive for business excellence.” He added, “We are glad to support Qatar Today Business Excellence Awards that recognises the thriving corporate landscape in Qatar.”
We are also happy to have onboard Amigoz whose green business ventures perfectly align with Qatar Today’s own ideals and initiatives like the Green Programme of School. “We would like to thank the team at Qatar Today for the effort that has been put into the Qatar Today business Excellence Awards. We know that the previous event was a huge success and all the sponsors and participants were impressed with the results. We want to thank the publication for giving us the opportunity to be part of QTBEA as support sponsors,” says Ahamed Nabeel, Partner & General Manager at Amigoz.
In a high-profile, red carpet evening on May 30, Qatar Today will honour the executives of these top performing listed companies and also other key business leaders. A networker’s dream, the event will be attended by the who’s who of Qatar corporate high life. This event will witness the congregation of the key decision-makers who are driving the country’s business and economy.
For more information, contact:
Jasmine Victor, Senior Events Manager
firstname.lastname@example.org, 5507 4028
Ayswarya Murthy, Senior Correspondent
About Qatar Today
As Qatar’s oldest and most prestigious news and business monthly, Qatar Today reaches an audience that is much sought after. The magazine’s unique combination of business and trends reportage is valued and appreciated by the country’s business leaders, corporate heads, high-ranking ministry/government officials and affluent households. The flagship title of Oryx Publishing and Advertising, Qatar Today is valued for its unbiased editorial stance and in depth reportage.
About Alfardan Sports Motors
Established in 1999, Alfardan Sports Motors Company, the official importer of Maserati in Qatar, caters to aficionados of sport and luxury vehicles in Qatar, offering some of the world’s most coveted iconic brands in automobiles. Fully committed to deliver products and services that satisfy market demands and exceed customer expectations, the company is driven by a passion for quality and excellence, and guided by its core corporate values. Alfardan Sports Motors Company continues to show the way as the most dynamic and most successful family-owned business conglomerate in Qatar and in the rest of the region. For the second year, Maserati remain the main sponsors of the Qatar Today Business Excellence Awards and will once again present the Maserati Qatar Today Young Achiever Award.
About Deloitte &Touche
Deloitte in Qatar was established in 1950 and is part of Deloitte & Touche, a member firm of Deloitte Touche Tohmatsu Limited. Deloitte is among the region’s leading professional services firms, providing audit, tax, consulting, and financial advisory services through 26 offices in 15 countries with around 3,000 partners, directors and staff. It is a Tier 1 Tax advisor in the GCC region since 2010 (according to the International Tax Review World Tax Rankings). It has received numerous awards in the last few years which include Best Employer in the Middle East, best consulting firm, and the Middle East Training & Development Excellence Award by the Institute of Chartered Accountants in England and Wales (ICAEW). The numerical accuracy of all the calculations with respect to the QT Top 10 are verified by Deloitte.
Gulf Bridge International (GBI) is a global service provider that owns and operates a multilayer carrier neutral network connecting the world to the Middle East. The GBI network connects the Middle East to Singapore towards the East and Egypt on the West, using two alternative terrestrial routes to protect traffic, crossing the Mediterranean to Italy into major European cities. Ensuring diversity by establishing its North Route, this new link from the Gulf to Europe via Iraq and Turkey added an ultra-low latency link from the GCC straight to the heart of Europe. GBI is a carriers’ carrier for telecom operators, ISPs and governments throughout the Middle East, Europe and Asia offering capacity and a portfolio of wholesale and enterprise services on a protected Network. GBI is a catalyst for growth.
Amigoz are a green innovative technology manufacturer focusing on atmospheric water generation technology for extracting water from humidity in the air. Drawing from the renewable ocean of water vapor in the air, the company’s new technology cost-effectively transforms humidity into an abundant source of clean water near the point of use. They also focus on Living Green Wall (also called Vertical garden) using Biophilic Design (Improving Health, Safety & Well-Being in the Built Environment).