Techno Q Powers Forward: AGM Approves 14.20% Dividend and Bold Growth Strategy

We're excited to share the successful outcomes of our 2025 Ordinary General Assembly Meeting (AGM), held on April 15th at the Mondrian Doha. Chaired by Mr. Abdul Latif Mohamed Al Jaidah, Chairman of the Board, the meeting saw an impressive shareholder attendance of 87.91%.

A key highlight of the AGM was the shareholder approval of a cash dividend distribution of QAR 0.142 per share, representing 14.20% of the nominal share value and totaling QAR 12 million. This decision reflects our solid financial standing and commitment to delivering value to our shareholders.

In his opening remarks, the Chairman acknowledged the invaluable support of His Highness, the Amir, Sheikh Tamim bin Hamad Al Thani, and the national leadership, reaffirming Techno Q's dedication to contributing to Qatar's development goals.

Resilient Performance in 2024

Despite market adjustments following Qatar’s World Cup period, Techno Q demonstrated significant resilience and strategic progress in the fiscal year ending December 31, 2024:

• QAR 211.2 million in consolidated revenue

• QAR 21.4 million net profit (an increase from QAR 19.7 million in 2023)

• Gross profit of QAR 72.7 million, with a strong gross margin of 34.4%, underscoring enhanced operational efficiency.

• Maintaining a robust financial foundation with QAR 122.5 million in equity and maintained exceptionally low debt levels at just QAR 0.7 million.

Strategic Strides & National Recognition

Responding proactively to regional opportunities and market needs, Techno Q undertook several key strategic initiatives:

• Expanded Regional Presence:  Reopened our Oman office to capitalize on infrastructure and technology opportunities.

• Enhanced Service Portfolio:: Established a dedicated IT Business Unit focusing on high-demand areas like digital transformation, cybersecurity, and enterprise software solutions.

• National Acclaim: National Acclaim: Techno Q was honoured as the 'Best Systems Integrator' by Qatar’s Ministry of Communications and Information Technology.

These moves align with our vision to broaden our GCC footprint and provide integrated, cutting-edge solutions.

Future Direction

Our Managing Director and Co-Founder, Mr. Zeyad Mohamed Al Jaidah ,shared his perspective on the path forward: "We are focused on scaling our core capabilities while entering high-impact domains such as managed IT services and digital security. Our market positioning, strong financial health, and innovation-driven mindset will drive Techno Q’s next growth chapter across Qatar, Oman, and Saudi Arabia.”

Governance and Partnerships

The AGM also ratified key governance items, including discharging the Board of Directors from liability for FY 2024, reappointing KPMG as the external auditor for FY 2025, and approving our updated Nominations and Remuneration Policy.

We extend our sincere gratitude to our valued shareholders, esteemed partners, and dedicated employees for their unwavering trust and commitment as we continue our strategic journey.

What regional challenge should we tackle next? Drop your thoughts below!