QGMD obtains orders worth QR30 mn in Jan

February 22, 2021

The Qatari German Medical Devices Company (QGMD), a Qatari shareholding company, said that it obtained contracts and direct supply orders from the local and international market, worth more than QR30 million in January 2021 that will be reflected positively on the financial statements for the coming period.
In a statement, the company noted its keenness to apply the principle of disclosure and transparency to share the achievements with the company’s shareholders and investors. The disclosure is also aimed at informing shareholders and investors about the efforts made by the company to achieve its strategic goals that resulted in reducing its operating losses and its general and administrative expenses by 35.89 percent in the third quarter of 2020 compared to the same period of 2019.
The disclosure and transparency policy comes in the frameworks of providing the information requested by the Qatar Financial Markets Authority and other regulatory authorities, or as requested by the stakeholders at the appropriate time and in the manner that enables the information seeker to make his right decision, the matter that regulates the dealings of insiders in the securities issued by the company or any company of its group, and works to avoid conflicts of interest and limit it and to achieve public benefit under the concept of a fair investment in the market.
Qatari German Medical Devices Company was established in 2000 and listed on the Qatar Stock Exchange in 2002 with an authorised capital of QR115.5 million, and with negotiable shares of 114,633,750.
Qatari German Medical Devices is striving to become a leading medical devices manufacturer in the healthcare industry worldwide, by continuing to introduce innovative and superior products which guarantee better patient care.

qatar-tribune


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