GWC Receives Credit Rating from Capital Intelligence with Stable Outlook

Doha, April 08 (QNA) - Gulf Warehousing Company (GWC), a publicly listed Qatari logistics company, has, for the first time, received national long-term and short-term credit ratings from International credit rating agency Capital Intelligence (CI).

In a statement on Tuesday, the company announced it was assigned long- and short-term national scale ratings of -qaA and qaA2 respectively, with a stable outlook.

Capital Intelligence highlighted GWC’s strong credit fundamentals, noting in particular the company’s solid cash flows as it works to increase occupancy across its facilities. It also pointed to the growing share of higher-margin third-party and fourth-party logistics services in the company’s overall revenue mix.

On the occasion, GWC’s Managing Director, HE Sheikh Abdulla bin Fahad bin Jassim bin Jaber Al-Thani, stated that this rating with a stable outlook is an international endorsement of their robust business model. It clearly reflects their leading position in the logistics sector and the significant progress GWC made in enhancing its performance. It also supports the company's current expansion strategy aimed at diversifying revenue streams, maintaining steady cash flows, and ensuring sustainable profitability.

Acting Group CEO, Matthew Kearns added that the rating aligns closely with the efforts to strengthen their logistics operations. It also serves as a powerful motivator to continue improving their performance in the period ahead to deliver maximum value to their shareholders.

Founded in 2004, GWC specializes in end-to-end logistics and supply chain solutions. (QNA)