Baladna Forecasts Expansion, Revenue Growth by 2019-End

BUSINESS | Page 1 SPORT | Page 1 Pakistan fi rms play key role in supporting Qatar Joy for Qatar as al-Rumaihi economy: Al-Kuwari qualifi es for 2020 Olympics published in QATAR since 1978 THURSDAY Vol. XXXX No. 11359 November 7, 2019 Rabia I 10, 1441 AH GULF TIMES www. gulf-times.com 2 Riyals PM meets Finland’s trade minister Baladna forecasts expansion, revenue growth by 2019-end By Peter Alagos Business Reporter O Total number of products to go up to 172 in next O atar’s dairy production leader, three months Baladna QPSC raising QR1.43bn Baladna Food Industries (BFI), by off ering a 75% equity stake to the public in Qis expecting to expand its prod- uct portfolio in the Qatari market, and its IPO O Company shares expected to be listed is forecasting further revenue growth on the stock market on December 11 this year by the end of the year, according to a senior offi cial. O BFI currently supplies its products to several HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani met yesterday with the visiting Currently, the company has 115 prod- Finland’s Minister for Development Co-operation and Foreign Trade, Ville Skinnari, and his accompanying delegation. During ucts, ranging from dairy and cheese to countries, including Oman and Iraq O Cheese the meeting, they discussed bilateral relations and prospects for enhancing and developing them, as well as a number of fruit juices and beef, said Power Inter- production to go up by 400% soon O Opening of regional and international issues of common concern. Page 3 national Holding Vice Chairman and BFI Co-Founder, Ramez al-Khayyat. new facilities abroad under study In brief according to the projections,” al-Khay- GT EXCLUSIVE yat explained. Cabinet hails Amir’s speech “We actually enjoy an operation ARAB WORLD | Unrest profi t this year and next year,” he point- Tourists among eight ed out. at Shura Council session Asked about shares being made hurt in Jordan stabbing “After the completion of the new available for non-Qataris, al-Khayyat Eight people, including four QNA gion and the world. production lines for the third phase re- said: “The anticipated date for the tourists, were wounded in a knife Doha The Cabinet also appreciated the cently, the company started the proc- shares to be listed on the stock market attack yesterday at the famed reference to the preparation of the ess of launching 57 new products, and is December 11 this year. While only archaeological site of Jerash Shura Council elections and the nec- the process extends over the next three Qatari individuals and Corporates are in northern Jordan, a security he Cabinet yesterday hailed essary draft laws. months, bringing the total number of eligible to subscribe to the IPO, all in- spokesman said. Four tourists — three His Highness the Amir Sheikh Moreover, the Cabinet expressed products to 172. vestors are entitled to buy shares on Mexicans and a Swiss woman — were TTamim bin Hamad al-Thani’s pride in what His Highness the Amir “The company will develop its prod- the secondary market of the Qatar Ex- wounded, along with a Jordanian tour speech at the 48th ordinary session of said about the successes and achieve- uct list on an annual basis and will in- change.” guide and a security off icer who tried the Shura Council on Tuesday. ments in the economy sector and troduce new products to serve the Qa- For its export market, al-Khayyat to stop the assailant, public security At its regular meeting, chaired the provision of services and decent tari market and other selected markets said BFI currently supplies its products directorate spokesman Amer Sartawi by HE the Prime Minister Sheikh standard of living, despite the unjust and provide them with the best prod- Ramez al-Khayyat...taking Baladna to to several countries, including Oman said. Page 14 Abdullah bin Nasser bin Khalifa al- siege. ucts,” al-Khayyat told Gulf Times in an new heights and Iraq. Thani, the Cabinet pointed out that The Cabinet stressed that all these interview. “There is still a lot of room for AMERICA | Politics the speech covered Qatar’s achieve- have been achieved thanks to God and Only recently, al-Khayyat, to- it was reported earlier. growth, so we started exporting to dif- ments in various fields, and outlined to the directives of His Highness as gether with other senior offi cials, an- Also, BFI recently announced that ferent Arab countries and in East Asia. Trump impeachment the features of the next stage and the well as the dedicated eff orts of citi- nounced the decision to raise as much it has seen its revenues scale up to Our strategic plan calls for opening new hearings set to go public effort it requires while adhering to zens and residents. as QR1.43bn by off ering a 75% equity QR36mn a month in the second quarter facilities abroad.” The first open impeachment hearings the values and principles, in order HE the Prime Minister directed the stake to the public in its Initial Pub- of 2019. Revenues grew from an average Al-Khayyat also said Baladna is ex- into US President Donald Trump will to continue the development and ministers to implement the directives lic Off ering (IPO), providing eligible of QR18mn a month in 2018 to an aver- panding its cheese factory, which is begin next week, the congressman building process under His High- outlined by His Highness the Amir in investors the opportunity to invest in age of QR25mn a month in Q1 2019. getting ready by the end of this month leading the probe said yesterday, as it ness the Amir’s sound directives in his speech and prepare the necessary BFI through the new holding company Citing the company’s fi nancial pro- “where we could expand capacity to heads into a highly-anticipated public accordance with the Qatar National plans and programmes. Baladna QPSC. jections, al-Khayyat noted that the fi - 400% of what we have today.” phase. William Taylor, Washington’s Vision 2030. Following the meeting at the Amiri The shares are being offered at nancial performance will improve with In the next six months, al-Khayyat top diplomat to Ukraine, and deputy It noted that the Amir’s impressive Diwan, HE the Minister of Justice and QR1.01 each. The subscription pe- revenue growth expected to rise in 2019 said the company’s total number of assistant secretary of state George speech included stances towards re- Acting Minister of State for Cabinet riod is open from October 27 to No- compared to 2018. cows is expected to continue to grow Kent will testify on Wednesday, House gional and international issues, and Aff airs Dr Issa Saad al-Jafali al-Nuai- vember 7. Baladna is expected to list “The company’s performance is ex- from the current 18,000, especially as Intelligence Committee chairman emphasised keenness to promote se- mi said that the Cabinet reviewed top- on the Qatar Stock Exchange by the pected to see increased revenue and the farm has an average new-born rate Adam Schiff announced. Page 15 curity, peace and stability in the re- ics on the agenda. Page 2 second week of December this year, dividend growth in subsequent years, of 40 births per day. Qatar-US security ties discussed Qatar, Congo establish Over 500,000 benefi t from diplomatic relations SC’s Generation Amazing plan By Joey Aguilar ment in communities. A signing ceremony Staff Reporter As part of its goal, the initiative for the establishment aims to reach another 500,000 more of diplomatic to positively impact 1mn people by relations between ore than 500,000 people 2022 through the power of football. Qatar and the in the Middle East and “This year we are creating an Democratic Republic MAsia have so far benefit- enhanced Community Club Mod- of the Congo took ted from ‘Generation Amazing (GA) el and Football for Development place yesterday at the – the Supreme Committee for De- Coaching Certification as part of headquarters of the livery & Legacy’s (SC) football for our transition to become GA Foun- Permanent Mission of development programme, GA ex- dation, which will continue post the State of Qatar to ecutive director Mushtaq al-Waeli 2022 aiming to become a leader in the United Nations in has said. the global football for development New York. “As we reach the 10th year of our field,” al-Waeli said. HE the Permanent journey, we have continued to grow “Aligned to the United Nation’s Representative of the and expand the reach and impact of Sustainable Development Goals State of Qatar to the United Nations The two sides underlined the keenness the programme. It is one of our most and the Qatar National Vision ambassador Sheikha Alya Ahmed bin on strengthening and developing the important legacy initiatives,” al- 2030, we see sports in general and Saif al-Thani signed on behalf of the friendly relations and co-operation Waeli told reporters at a roundtable football in particular as a trans- State of Qatar, while the Permanent in the political, economic, trade and discussion yesterday in Doha. formative tool and as a fundamen- HE the Deputy Prime Minister and Minister of State for Defence Aff airs Dr Khalid bin Representative of the Democratic cultural fields. GA, initiated during Qatar’s suc- tal instrument in order to achieve Mohamed al-Attiyah met the Director of the Defence Intelligence Agency, Lt Gen Republic of the Congo to the United The two sides stressed the importance cessful bid for the 2022 FIFA World socio-economic and wider devel- Robert Ashley, in the Joint Base Anacostia-Bolling in Washington, DC, yesterday.

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