Winners of Qatar Today Business Excellence Awards (QTBEA) were honoured recently. The awards were presented to the representatives of the winning companies by the Chief Guest, Rashid Ali Al Mansoori, CEO of Qatar Stock Exchange. Qatar Today Top 10 ranking has been vetted and validated by Deloitte.
Gulf International Services clinched the award for the top-performing company listed on the Qatar Stock Exchange for its performance in 2015 and providing unbeatable value to its shareholders.
QTBEA also gave out special awards that recognise achievements in the large private sector which operated outside
the financial markets. HE Abdullah bin Hamad Al Attiyah was felicitated with the Lifetime Achievement Award and Dr Mohammed Nasser Al Qahtani, Deputy CEO of Al Meera Consumer Goods Company, was presented with the Businessman of the Year award. Qatar Today also honoured other prominent companies and individuals who did the nation proud last year by excelling in their fields and aligning their corporate goals to the National Vision 2030.
Qatar Today Business Excellence Awards were prepared in an investor’s perspective, looking at the performance of the company in the last three years.
The formula of calculations used to arrive at the Qatar Today Top 10 is through a weighted average of 20% each for Price Growth, Dividend Yield and Liquidity, while Net Margin and Return on Equity are weighted at 15% each, with Revenue Growth making up the last 10%. The ranking is based on weighted average of performance in the last three years – 2015 (65%), 2014 (25%) and 2013 (10%).
Sindhu Nair, Managing Editor of Oryx Publishing and Advertising:
These top companies serve as an inspiration for Qatar’s business community. In the coming years, we expect more and more private enterprises to enter the Qatar Stock Exchange in order to have access to more liquidity and we hope to continue this important work.’
‘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 using underlying data sourced from Capital IQ and the Qatar Stock Exchange,’ according to Deloitte & Touche Qatar representatives, Head of Financial Advisory Services, Robin Butteriss; and Assistant Director, Saumya Krishna.