In congruent with the instructions of government state of Qatar to privatize the public projects, engage the citizens in the development process, take economic decisions, provide suitable opportunities to invest their monies, and based on the resolutions of the Cabinet Council to privatize the mechanical slaughtering house, the study for the project to establish a comprehensive Qatari company for meat and livestock trading. In the beginning, the study included trading in livestock, meat products and management of the central markets.
announced today the signing of a partnership agreement through which Widam will supply the local market with veal meat for the first time. The agreement was signed at Baladna's headquarters.
This agreement comes in compliance with international best practices which aims at benefiting from all products associated with main production operations. Baladna will export veal, ageing 100 days on daily basis; whereas, Widam, will start a new production line for meat, market and distribute it in the local market, through various point of sales in the country.
Widam food Announces the results of the Ordinary General Assembly Meetings was held on Monday , 30 March 2020 the quorum was achieved in its meeting (53.03 % by Law) and has approved the following resolutions:
1-The report of the Board of Directors on the Company’s activities, financial position for the year ended 31 December 2019 and the future plan of the Company.
2-The report of the External Auditors on the Company’s Financial Statements for the year ended 31 December 2019.
3-The balance sheet and profit and loss for the year ended 31 December 2019.
4-The Corporate’s Governance Report for 2019.
5-The distribute to the shareholders cash dividends at the rate of (30%) of the nominal share value, i.e. QR 0.30 for each share.
6-Absolving the members of the Board of Directors and fixing their fees for the financial year ended 31 December 2019.
7-Appointing KPMG Company as an External Auditor for the Company (For the year 2020).