13/12/2017 06:03 AST

ZAD Holding Company, which is participating in this year’s edition of ‘Made in Qatar’, said there are plans to launch new products that would support the local market amid the economic blockade imposed on the country.

At ‘Made in Qatar 2017’, which is slated to open tomorrow (December 14) at the Doha Exhibition and Convention Centre (DECC), ZAD Holding Company will showcase samples of various products such as flour, edible oil, baked goods, and pasta, under some of its subsidiaries.

“There are plans to release new products into the market, and this will be to further aid Qatar during the blockade and ensure that the residents of Qatar can go about their daily life with as little interruption as possible,” ZAD Holding Company CEO Tarique Mohamed told Gulf Times. He said the company had increased production capacity and stepped up efforts to guarantee the continuous supply of its products to the local market.

“ZAD and its subsidiaries are dedicated to supplying Qatar with quality products, and it is proud to support the country in its time of need. We are stepping up our production capabilities in a multitude of ways to ensure that those that live and work in Qatar can still get good quality products,” he emphasised.

Since the economic blockade, which was imposed on Qatar in June, Mohamed said ZAD Holding Company had implemented significant policies to prevent any disruption in its operations.

“Due to the blockade, we have had to evaluate various processes, one being where we source certain raw materials from, such as packaging. ZAD has made various changes to increase the production capacities; this is inclusive of opening new plants, as well as increasing the capacity of the existing plants,” Mohamed noted.

Asked about development plans in the pipeline, particularly in 2018, Mohamed said: “There are a few development plans that are currently underway that we are all really excited about — though we are unable to discuss these in detail as yet.”

Mohamed said the company has increased the capacity of its flour mill “and is now able to supply 100% of Qatar’s needs.”

“The cold storage facility has been delayed due to issues with sourcing certain materials. This is, however, scheduled for completion in the first quarter of 2018,” he continued.

“Sheikh Nawaf bin Mohamed bin Jabor al-Thani, along with the other board members, are always looking for ways to further develop our ability to provide high quality and innovative products in the bakery and edible oil segments.

“While the blockade has played a part in the new plans, it has only acted as a catalyst to further increase plans to lessen Qatar’s dependency on imports, and further promote products that are made in Qatar,” he added.


Gulf Times

ZAD Holding maintaining stable consumer prices despite blockade on Qatar

29/03/2018

Despite global economic headwinds and the blockade imposed on Qatar in June last year, ZAD Holding Company has managed to maintain good performance in 2017 not only catering to the needs of the count

Gulf Times

Zad Holding plans to build new flour milling line by 2016

06/04/2015

Zad Holding Company is planning to build a new flour milling line by 2016, which is expected to increase its production capacity by another 150 metric tonnes per day (mtpd), an official told Gulf Tim

Gulf Times

Zad Holding 1st Q 2014 net profit reached QR 53.4 Million

30/04/2014

Zad Holding Company disclosed the interim financial statement for the three month period ended March 31, 2014. The financial statements revealed a net profit of QR 53.4 Million in comparison to QR 45

Qatar Exchange

Ticker Price Volume
SABIC 118.60 3,051,555
QNBK 175.00 253,804
WALAA 23.70 381,943
EEC 17.96 1,356,411
STC 81.90 322,056
JAZIRATKFL 19.00 85,514
JABALOMAR 38.30 838,646
ZHCD Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
QFLS 151.00 -1.00 (-0.66%)
MERS 151.71 -0.29 (-0.20%)
MCGS 66.96 -0.51 (-0.76%)
WDAM 72.00 -0.50 (-0.69%)
SIIS 5.08 0.00 (0.00%)
Clariant and SABIC deepen ties under new partnership

19/09/2018

Switzerland’s Clariant and new anchor shareholder Saudi Basic Industries Corp. (SABIC) will merge their high-performance materials businesses and install a SABIC manager as head of the group as they

Arab News

Alizz Islamic inks pact with Takaful Oman

19/09/2018

Reinforcing its position as one of Oman's most innovative Islamic banking institutions, Alizz Islamic Bank signed a Memorandum of Understanding (MoU) with Takaful Oman, the Sultanate’s first full-fle

Times of Oman

Du inks deal with ADGM

19/09/2018

Dubai-based telecom operator du has announced a new partnership with the Abu Dhabi Global Market (ADGM) to facilitate its digital transformation agenda.

The MoU sets a formal framework for

Gulf News

Barwa Real Estate takes part in Qatar-Russia 2018 Year of Culture

19/09/2018

Barwa Real Estate Group, one of the leading real estate and investment companies in Qatar and the region, participated in the Qatar-Russia 2018 Year of Culture, where a seminar entitled “Qatar: No Li

The Peninsula

Saudi Aramco unit hosts first graduation ceremony

19/09/2018

Saudi Aramco, a world leader in integrated energy and chemicals, said one of its units, Saudi Arabian Drilling Academy (Sada) held its first graduation for a cohort of 132 students representing 34 dr

Trade Arabia