By Satish Kanady
DOHA: Five companies in Qatar has featured in the list of ‘most valuable non-banking companies in the GCC’. The selection is based on financial performance and quantitative methods of the companies.
The companies included in the list of Marmore Mena Intelligence’s ‘Most Valuable 30 GCC Companies’ are: Qatar Fuel, Widam Food, Medicare Group, Mazya Qatar and Al Meera.
For selecting the most valuable non-banking companies in GCC, Marmore, a subsidiary of Markaz Investment Bank and Asset Management firm, used three parametres: Return on Equity (ROE), Debt-to-Equity (D/E) and average profit after tax (PAT) growth percentage for the past three financial years with weightage of 40 percent, 40 percent and 20 percent, respectively. These were applied after weeding out companies that had lower free float market capitalisation (less than 65 percent) and companies that incurred loss in any of the past three financial years.