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Honorable Shareholders, In accordance with Qatar Fuel commitment to Articles (2) and (4) provisions of the Corporate Governance Code for Companies listed in the markets subject to Qatar Financial Markets Authority control, which had been issued by Qatar Financial Market Authority Board of Directors decision no. (5) of 2016, and in guidance by the Governance rules and principles, we are pleased to submit the eight edition of WOQOD 2019 Corporate Governance Report which is prepared and published in order to allow our shareholders, partners, stakeholders and the regulatory authorities to gain knowledge of our ongoing efforts in this area, and to identify responsibilities and obligations that WOQOD have towards our valued shareholders and other related parties. In this report, you will find the steps Qatar Fuel have taken towards achieving the compliance with the Commercial Companies Law No. 11 of 2015 and the governance regulations issued by the Qatar Financial Markets Authority. The report was prepared in two chapters wherein Chapter 1 discusses the basic data and information about Qatar Fuel in terms of its Capital, Subsidiaries , Articles of Associations, the Board of Directors and its committees, its executive management, and the internal audit system, etc. The second chapter deals with the extent of Qatar Fuel commitment to meet the governance requirements according to the Commercial Companies Governance Code issued by the Qatar Financial Markets Authority and published in Official Gazette in 15 May 2017, where we have reviewed the actual application of the provisions of the rules and did not limit ourselves only in the texts included in the rules and regulations and procedures governing the work of the company. Qatar Fuel is always keen to adhere to the prevailing laws and regulations, which matches its activities nature of Petroleum and Gas Products, and the demanding laws subject to as an exclusive regulator & distributor. Yours sincerely,
