Announces receiving a letter from the Government for being awarded a financial compensation

Announces receiving a letter from the Government for being awarded a financial compensation

Widam Food Company (QPSC) announces receiving a letter from the Government for being awarded a compensation amount QAR 115,200,000 in lieu of direct losses incurred by the company for services extended to the Government for previous years until year 2023. The company is to receive QAR 38,400,000 for year 2024 for its continuing providing the services in year 2024.

The company declares that a review of losses incurred by its Branch in the Republic of Sudan, due to the current political situation there is underway and the company intends to disclose the full impairment impact as soon as it is completed.

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