atar Electricity and Water Company (QEWC), a Qatari open shareholding organization, is one of the primary private part organizations in the district that works in the field of power age and water desalination. Set up in 1990 as per the arrangements of the Qatari Commercial Companies Law, its motivation was to claim, oversee, and move the results of power age and water desalination plants.
Upon its establishment, the organization’s capital was one billion Qatari Riyals isolated into one hundred million offers at the estimation of 10 QR per share. On 25 February 2014, the phenomenal general gathering chose to convey ten million extra offers among the investors by giving one offer for each ten offers.
As needs be, the organization capital offer wound up one billion and one hundred million Qatari Riyals that were completely paid isolated into one hundred and ten million offers. The Qatari government and its offshoots possess around 52% of the capital and whatever is left of the investors, organizations and people, claim about 48%. The eleven-part governing body led by H.E. Dr. Mohammed canister Saleh Al-Sada, Minister of Energy and Industry, run the organization.
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