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MarketScreener Homepage  >  Equities  >  DOHA SECURITIES MARKET  >  Qatar Electricity & Water Co.    QEWS   QA0006929812

QATAR ELECTRICITY & WATER CO. (QEWS)
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Qatar Electricity & Water : US-backed training seminar augments Qatari-American energy cooperation

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09/17/2018 | 11:33pm EDT

Tribune News Network Doha More than 20 senior executives from Qatari state and private entities came together with US energy experts in a training seminar that a senior ministerial officer said has broadened Qatari officials' understanding of US experience in the field of energy. The seminar featured a productive exchange between the US and Qatari participants and underscored the strong commitment of the two countries in continuing constructive cooperation in the energy sector. The Qatar-American confluence took place in a live 'webinar' organised by the US National Association of Regulatory Utility Commissioners (NARUC) and supported by the US Department of Energy. The theme of the seminar was"Models for Regulating the Electricity Sector and Encouraging Renewable Energy Integration". Senior officials from the Ministry of Energy and Industry, Qatar Petroleum, Qatar General Electricity and Water Corporation (Kahramaa), Qatar Electricity and Water Company and Siraj Company participated in the event held on Thursday. The seminar featured presentations by New York Public Service Commission Commissioner Diane Burman, Connecticut Public Utilities Authority Commissioner and NARUC President Jack Betkoski, and US National Regulatory Research Institute Principal Researcher Tom Stanton. Sheikh Mishal bin Jabor al Thani, Director of Energy Affairs at the Ministry of Energy and Industry expressed his gratitude and appreciation to the American presenters, and praised the efforts of the US Embassy in Doha to promote cooperation between the two countries. The United States commends Qatar's National Vision 2030 efforts to achieve sustainable development goals and the efforts of public and private sector personnel to deliver high quality services to the residents of Qatar to raise standards of living in the country. The US Department of Energy and Qatar'sMinistry of Energy and Industry have signed a memorandum of understanding to strengthen and facilitate bilateral energy cooperation during the inaugural US-Qatar Strategic Dialogue held in January 2018 in Washington, DC.

(c) 2018 Qatar Tribune. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (QAR)
Sales 2018 2 766 M
EBIT 2018 1 063 M
Net income 2018 1 579 M
Debt 2018 1 598 M
Yield 2018 4,17%
P/E ratio 2018 13,89
P/E ratio 2019 12,60
EV / Sales 2018 8,11x
EV / Sales 2019 7,83x
Capitalization 20 847 M
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 235  QAR
Spread / Average Target 24%
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Managers
NameTitle
Fahad bin Hamad Al-Mohannadi Group Chief Executive Officer, Director, MD & GM
Mohammed bin Saleh Al-Sada Chairman
Abdul Haseeb Khan Abdul Quddus Manager-Operations
Jimmy Chung Manager-Finance
Imran Humji Manager-Information Technology
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