Doha, 11 August 2012: Mawashi, Qatar's cutting-edge livestock company, has recently announced that 30,000 subsidized livestock, which have been made available in collaboration with Qatar Development Bank, have been sold out already. In an attempt to cater to further demand and in collaboration with the Ministry of Business and Trade, Mawashi further increased its supply of livestock offered at a subsidized price to cover the rest of the holy month of Ramadan.

A company official said that this outstanding sales rate is owing to the company's steadfast commitment to provide the highest quality livestock as is expected by consumers who have shown immense interest so far.

The company official added that Mawashi highly appreciates all the government support provided during Ramadan in order to offer consumers best quality livestock at the most affordable prices. The company's subsidized prices have been well received by the local community and this has been strong testament to Mawashi's commitment to excellence in quality, products and services.

Mawashi's half year financial results registered net profits reaching QAR 41,705,576 in addition to a 38% increase in sales marking the company's relentless efforts to be the leading livestock company not only in Qatar but also in the region.

Earlier this month, Mawashi announced a series of preparations for Ramadan.

Furthermore, Mawashi has imported livestock at competitive prices from various countries across the world such as Australia, Turkey, India, Pakistan, Kenya, Somalia, Sudan, Ethiopia, Georgia and Somalia. Mawashi has additionally put to service additional staff to increase its home delivery services, which will also be operational after Iftar, alongside the company's production capacity. The slaughterhouses will be open from 5.00 am till 5.00 pm and the company has dedicated special venues for women, elderly and people with special needs.

Mawashi has also increased its points of sale to include 15 branches in Qatar with slaughterhouses in Doha, Al Rayyan, Meaizer, Al Khor and the North.

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About Mawashi:
List on the Qatar Exchange, Qatar Co. For Meat & Livestock Trading (MAWASHI) - QMLS was founded in 2004 with the aim of meeting Qatar's market needs in meat and livestock. With a Paid-up Capital of QAR 180,000,000 and a Par Value per Share of QAR 10.00, Mawashi is engaged in the trading in livestock, meat, animal feeds, and meat derivatives in addition to management of slaughterhouses.

The company transports livestock, fodder, and meat products to facilitate trade; manages the automatic and national slaughterhouses; owns a branch in Sudan for fodder and meat trade; and uses the latest technology in processing its products according to international standards and specifications. Mawashi's key pillars are freshness, quality and door-to-door delivery.

Mawashi moved from a moribund company, slated to be owned by the Government, to multi-million dollars in profit organization in a record time and has been recognized for excellence in quality at the 16th International Star for Leadership in Quality Convention at Paris, France in June 2012.

© Press Release 2012