About us

About Mekdam Holding Group

Mekdam Holding Group Q.P.S.C is 100% made in Qatar. It has developed into a leader in various sectors that has helped build Qatar into one on of the fastest-growing countries in the world. Its leading sectors include IT & Communication Technology, Engineering, Procurement & Construction (EPC), Consultancy, Oil & Gas, Trading, Logistics and MEP

It’s quality is internationally recognized, holding certifications in Quality Management Systems – ISO 9001:2015, Environmental Management Systems – ISO 14001:2015 and Occupational Health and Safety Management Systems OHSAS ISO 45001:2018 and Mekdam Technology is certified with Information Security Management System - ISO/IEC 27001:2013. It also holds the APEx (Audio-visual Provider of Excellence) designation, further underscoring its commitment to international standards.

As a result of its focus on quality, Mekdam Holding has built itself into a leading, trusted name in the region, catering to wide-ranging requirements locally and abroad.

Vision

To be the technology institution of preference for institutions seeking technology services in Qatar.

To be the technology institution of preference for for foreign technology institutional clients that have dealings with Qatar.

Mission

To add value to Qatar communities by offering them a set of technology products and services that meet their needs efficiently and effectively, served by a competent, loyal and dedicated work force.

Chairman's Message

Earnings per share: QAR 0.288
Return on equity: 16.9%
As we look to the future, we are motivated by the remarkable strength and resilience of the Qatari economy, which continues to evolve and unlock vast opportunities across a wide range of sectors. Qatar’s Vision 2030 is propelling the nation toward a diversified and sustainable economy, blending its rich legacy in hydrocarbons with rapid advancements in non-oil sectors. The country is making significant strides in infrastructure, education, healthcare, and technology, with a focus on fostering innovation, digitalization, and aknowledge-based economy. The expansion of the North Field gas project, which will increase Qatar’s LNG production from 80 million tons to 110 million tons annually by 2026, and further phases reaching 142 million tons by 2030, underscores Qatar’s continued leadership in the global energy sector. Alongside this, the nation is investing heavily in renewable energy, with a target of generating4 gigawatts of solar power by 2030, meeting 18% of its electricity needs. Additionally, Qatar’s tourism sector, buoyed by the success of the 2022 FIFAWorld Cup, is expected to grow significantly, contributing 12% to the country’s GDP by 2030. These developments, combined with a strong focus on human capital development and technological innovation, ensure that Qatar is well-positionedfor long-term economic stability and diversification.

Mekdam Holding Group benefited from these dynamic opportunities, delivering strong financial performance in2024, which enhanced its resilience and strategic growth. The group recorded a 6.3% increase in revenues to reach QAR 558.9 million, and a 7.3%rise in net profits, thanks to improved cost management and increased operational efficiency. It also experienced a significant reduction in financing costs by 56.6%, with a customer retention rate of 90%, ensuring revenue stability. The group holds a contract portfolio valued at QAR 2.6billion and potential deals worth QAR 3.0 billion under negotiation, alongside strategic investments in infrastructure and digital transformation. Moreover, the decrease in net financial loans to QAR 4.2 million has enhanced liquidity and reduced reliance on borrowing, supporting sustainable expansion and reinforcing our commitment to delivering sustainable value to our shareholders.

In recognition of our achievements, the Board of Directors has recommended the distribution of dividends in the form of bonus shares at a ratio 5 shares for every 27 shares. This decision underscores our dedication to rewarding shareholders while strengthening Mekdam’s long-term financial foundation. Qatar’s Vision 2030, with its emphasis on transforming the economy into a knowledge-based and innovation-driven landscape, offers Mekdam substantial opportunities for growth. The country’s strategic investments in advanced technologies, renewable energy, and tourism create an environment ripe for innovation. Mekdam Holding Group is uniquely positioned to capitalize on these advancements, especially in technology-driven sectors. Our subsidiaries—Mekdam Technology Solutions, Mekdam Software, and Mekdam CAMS—are leading the way in providing cutting-edge solutions across ICT, cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), and safety systems. These capabilities ensure that Mekdam remains at the forefront of technological innovation, contributing significantly to Qatar’s ongoing economic transformation.

Our success is built upon a foundation of strong partnerships, both locally and internationally, which allow us to deliver high-quality solutions across various industries. Our deep understanding of the Qatari market, coupled with our expertise in technology, positions us to effectively support the nation’s diversification efforts. We remain committed to continuously adapting to market needs, leveraging our advanced technology, skilled workforce, and innovative solutions to stay competitive in an increasingly complex global landscape.

Mekdam’s mission is to contribute to Qatar’s economic diversification by fostering sustainable growth, forming strong partnerships, and embracing technological advancements. Through disciplined financial management, innovation, and a commitment to long-term value creation, we are confident in our ability to contribute to the prosperity of Mekdam, its stakeholders, and the broader Qatari economy.

As we continue to grow and innovate, we are confident that the future holds tremendous promise for Mekdam Holding Group. We remain committed to our mission of supporting Qatar’s Vision 2030 and positioning Mekdam as a leader InTechnology and sustainable growth sectors, ensuring our continued contribution to the nation’s long-term prosperity.

I would like to take this opportunity to express my sincere gratitude to the leadership of the State of Qatar. His Highness Sheikh Tamim bin Hamad AL Thani, the Amir of Qatar; His Highness Sheikh Abdullah bin Hamad Al Thani, Deputy Amir; and His Excellency Sheikh Mohammed bin Abdulrahman Al Thani, Prime Minister and Minister of Foreign Affairs, have provided visionary leadership, guiding Qatar through challenges and creating an environment in which businesses like Mekdam can thrive.

I also extend my heartfelt thanks to His Excellency the Minister of Commerce and the employees of the Companies Affairs Department for their tireless efforts in strengthening the private sector and fostering economic stability in Qatar. Our sincere appreciation also goes to the Qatar Financial Markets Authority, Qatar Stock Exchange, and Qatar Central Securities Depository (Edaa) for their support in facilitating Mekdam’s listing and capital increase. Their contributions have been pivotal in enabling our continued growth and success.

Finally, I would like to recognize the tireless efforts of our Board members, clients, partners, shareholders, employees, and advisors. Their collaboration, dedication, and innovation have been integral to Mekdam’s success. Together, we will continue to embrace new opportunities, drive innovation, create value, and contribute to Qatar’s sustainable and prosperous future.

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Sheikh Mohamed Nawaf
NBK Al Thani
CHAIRMAN

CEO's Message

Contracts being executed:  QAR 2.6 billion
Submitted offers: QAR 3.0 billion
Customer retention rate: 90%

As we reflect on 2024, I am filled with immense pride and optimismregarding the continued growth and resilience of Mekdam Holding Group. Qatar’sdynamic economic landscape, supported by the visionary Qatar Vision 2030, hasprovided us with significant opportunities. This transformative vision haspositioned Qatar for a future of diversified and sustainable growth, with astrong focus on technology, innovation, and infrastructure development. Mekdamstands poised to contribute to this transformation, remaining committed todelivering excellence across every industry in which we operate.

The Qatari economy isflourishing, propelled by large-scale investments in infrastructure, energy,and the ongoing diversification of non-oil sectors. Major initiatives such asthe North Field gas expansion, which will solidify Qatar’s position as a globalenergy leader, and growing investments in renewable energy are laying a strongfoundation for the country’s long-term economic growth. Mekdam Holding Grouphas seized these opportunities, positioning itself as a leader in technologicalinnovation. Our focus on cutting-edge solutions in ICT, cybersecurity,artificial intelligence (AI), and the Internet of Things (IoT) perfectly alignswith Qatar’s efforts to build a robust, knowledge-based economy. We are excitedto continue playing a central role in this transition, bringing our expertiseto drive change and efficiency across multiple sectors.

Throughout 2024, we have been privileged to contribute directly toQatar’s Vision 2030 by supporting national economic development and activelyparticipating in key strategic projects. Our involvement in severalmultimillion-dollar initiatives not only highlights our capabilities but alsoreinforces our position as one of Qatar’s leading companies, committed toexcellence at every level. These experiences have strengthened our resolve tocontinue pushing boundaries, and we remain optimistic about the future as wecontinue to see new avenues for growth in the years to come.

In 2024, Mekdam signed new contracts totaling QAR 861.0 million, withongoing projects valued at QAR 2.6 billion. The remaining value of works to becompleted is QAR 1.5 billion. Additionally, we have submitted proposals forprojects amounting to approximately QAR 3 billion, with an expected successrate of 20% to 30%, based on historical data. The fact that our customerretention rate has remained strong at around 90% reflects the deep trust andconfidence our clients place in our services and solutions. These achievementsare the result of our focus on quality, service, and innovation, and theycontinue to drive our positive outlook for the future.

From a financial perspective, Mekdam has maintained a solid liquidityposition, with current assets making up 77.2% of total assets. Our currentratio stands at 2.3 times, and we have reduced our reliance on bank financingby 46.3%, owing to improved operating cash flow and financing through internalresources. This reduction in debt further enhances our financial stability andprovides us with the flexibility to invest in growth. Additionally, MekdamHolding Group has requested the withdrawal of its credit rating from Standard& Poor’s, previously rated at gcBB. This decision is a reflection of ourstrengthened financial position and our ability to finance operations primarilythrough internal resources, eliminating the need for external credit ratings.

In addition to these financial and operational accomplishments, I amparticularly pleased to highlight the successful implementation of the SAPsystem, which has fundamentally transformed our operations. The system hasbrought significant improvements, enabling us to optimize decision-making,enhance data transparency, and streamline workflows. By providing real-timedata, SAP has improved our financial reporting accuracy, inventory management,and supply chain operations. This technological advancement has not only led tocost savings and improved customer service but has also strengthened ourability to scale and adapt to the increasing demands of the market. With SAP inplace, Mekdam is well-positioned to continue its journey of growth and success.

At Mekdam, we recognize that our people are the true driving forcebehind our success. Their talent, commitment, and collaboration have beeninstrumental in our growth, and we take great pride in the strength of ourteam. This year, we’ve seen significant expansion, with our workforce nowexceeding 2,763 professionals, many of whom hold advanced certifications intheir respective fields. Their dedication to continuous learning andimprovement has been vital in achieving our goals and delivering exceptional results.We remain committed to investing in our people, providing them withopportunities for personal and professional growth, and fostering a workenvironment that encourages creativity, collaboration, and a passion forexcellence. By continually enhancing our human resources practices andorganizational culture, we aim to ensure that Mekdam not only leads theindustry but is also recognized as one of the best places to work.

Looking ahead, we are more optimistic than ever about the future. As wecontinue to embrace emerging technologies and foster a culture of innovation,Mekdam is well-positioned to contribute meaningfully to Qatar’s ongoingeconomic diversification. Our focus on sustainable growth, along with ourcommitment to empowering a talented and dedicated workforce, will ensure thatwe remain at the forefront of Qatar’s economic development.

I would like to take this opportunity to express my deepest gratitude toour exceptional team, shareholders, clients, partners, and advisors. Theirunwavering support, dedication, and trust have been the foundation of oursuccess. Together, we will continue to drive innovation, create value, and playa pivotal role in shaping Qatar’s prosperous future.

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Ehab Naser
CEO-(Chief executive officer)

Board of Directors

Sheikh Mohamed Nawaf NBK Al Thani

CHAIRMAN (NON-EXECUTIVE MEMBER)

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Sheikh Mohammed bin Nawaf bin Nasser Al Thani has many years of successful experience in corporate management, and a strong network of relationships in the State of Qatar. He has proven experience in making strategic decisions and developing growth charts, and has professional wisdom and skill in planning, implementation and supervision. Sheikh Mohammed is currently a member of the Board of Directors at Al Faleh Educational Holding. Sheikh Mohammed is a graduate of the Britannia Royal Naval College (BRNC), United Kingdom.

Sheikh Jassem Nawaf NBK Al Thani

VICE CHAIRMAN

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Sheikh Jassem graduated from Middlesex University, United Arab Emirates, and holds a Bachelor’s degree in Business Administration. Since his graduation, he held the position of Executive Vice President of Al Waab City. Over the years, Sheikh Jassim has injected new energy coupled with scientific knowledge and experience in organizing, and he has taken an active approach in developing the company’s business by introducing modern methods of managing its business.

Mr. Hassan Mattar S Al-sowaidi

INDEPENDENT BOARD MEMBER (NON-EXECUTIVE)

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Mr. Hassan Al-sowaidi provides more than 40 years of professional experience in several fields, as he held many prestigious positions, including Director of Public Relations and Director of Board Affairs and Government Relations at Doha Insurance Company, Member of the Board of Directors of Al-Sadd Sports Club, in addition to his previous position Commander of the Special Forces. He has attended several military and administrative training courses specialized in organizational methods and change strategies in the State of Qatar, the United Kingdom, and Germany. Mr. Al-sowaidi is a graduate of Royal Military Academy Sandhurst in the United Kingdom, and holds a master’s degree in military science.

Mr. Jassim Sultan J M Al Rumaihi

INDEPENDENT BOARD MEMBER (NON-EXECUTIVE MEMBER)

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Mr. Jassim Al-Rumaihi has more than 40 years of experience in several fields of business administration. Mr. Al-Rumaihi held a number of high positions in various entities, including the Qatari Armed Forces and a member of the Board of Directors of the Gulf Warehousing Company. Mr. Al-Rumaihi holds a Bachelor’s degree in Marketing from Metropolitan State University, Colorado, in addition to a Master of Business Administration from Grambling State University, Louisiana, in the United States of America.

Eng. Tariq Al-Sada

Board Member (NON-EXECUTIVE MEMBER)

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Engineer Tariq Al-Sada embarked on his professional journey at the Ministry of Information and Culture in Qatar, where he oversaw engineering coordination for radio and television transmission as well as microwave stations. He later transitioned to the Ministry of Electricity and Water, where he managed telecom projects, specifically focusing on SCADA systems. Subsequently, he joined Ooredoo, where he held various roles of increasing responsibility. These included overseeing Organizational Communication, Mobile Stations, heading the Maintenance and Installation of PABX department, managing the Network Operations Center (NOC), serving as Senior Manager of Corporate Operations, and acting as Divisional Manager of Projects and Contracts in the Business Solutions division. Since 2018, Engineer Tariq has been dedicated to managing his own business ventures. He holds a bachelor’s degree in electrical and Electronics Engineering from the University of Evansville, Indiana, USA, and a master's degree in Business Administration from Northampton University, United Kingdom.

Mr. Rajesh Menon

INDEPENDENT BOARD MEMBER (NON-EXECUTIVE MEMBER)

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Mr. Rajesh Menon has a solid management experience of 20+ years, contributing to his knowledge along with his intelligence. Currently, Mr. Menon is an independent board member of Mekdam Holding Group and also the managing director of Beacon Consulting. Mr. Menon began his early career at KPMG in Bahrain and Qatar as a business advisory partner, specializing in crisis management, debt management and restructuring which gave him profound knowledge and expertise. Mr. Menon holds a bachelor’s degree in commerce and from INSEAD in France and is also a certified chartered accountant.

Mr. Saleh Mohammed Al-Nabet

INDEPENDENT BOARD MEMBER (NON-EXECUTIVE MEMBER)

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Mr. Saleh Mohammed Al-Nabet Mr. Saleh has more than 50 years of professional experience in many fields. He worked in the government sector in the Ministry of Interior for more than 30 years, where he participated in many training and military courses. He retired with the rank of lieutenant colonel, where he worked as a battalion chief for the Minister of Interior. After retirement, Mr. Saleh devoted himself to managing his own investments in various fields.

Mr. Ehab Naser

BOARD MEMBER (EXECUTIVE MEMBER)

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Mr. Ehab Naser has been the CEO of Mekdam Holding Group since its establishment. Mr. Naser alongside the Executive Management members, in constant cooperation with Sheikh Mohamed bin Nawaf, laid the foundation of the company in accordance with the best international practices. He started his career with the Arab Bank Group in Jordan, in 2000, as Vice President for Financial Affairs. By 2009, he held the position of Deputy Chief Executive Officer of Global Strategy and Governance in Switzerland. Currently, Mr. Naser is responsible for the corporate strategic leadership of Mekdam Holding Group where he handles the strategic management and business growth of the subsidiaries and budgeting for them. Mr. Naser holds a bachelor’s degree in accounting from the University of Jordan in Jordan, and a Master of Business Administration (MBA) from Dominican University in the United States. He also holds the following professional qualifications from the United States of America: Certified Public Accountant (CPA), Certified Financial Manager (CFM), and Certified Management Accountant (CMA). Mr. Naser is a permanent member of the international forum of Honor Beta Gamma Sigma (ΒΓΣ), which recognizes the top graduates of business schools from the most prestigious international universities (AACSB International), based on his academic achievement in the study of business administration and his professional skills.

Executive Management

Ehab Naser

Group CEO

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Bara Sami

GROUP GENERAL MANAGER

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Banan Suleiman Hussein Serhan

CHIEF FINANCIAL OFFICER (CFO)

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Adel Said Diab Elsayed

LEGAL CONSULTANT (SECRETARY OF BOARD)

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Marwan Hanna Turjuman

GENERAL MANAGER OF TECHNOLOGY SOLUTIONS

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Ganesh Kumar Velusami

GENERAL MANAGER OF TECHNOLOGY (ENGINEERING DEPARTMENT)

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Shadab Mukadam

GENERAL MANAGER OF TECHNICAL SERVICES

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Ahmed Abdullah Ahmed Abdul Karim Al-Ibrahim

GENERAL MANAGER OF CAMS

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Venkatesh Seenivasagan

BID MANAGER

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Taher Abd El Moneim

PMO & QHSE

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Shaik Danish Ahmed

IT MANAGER

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Alaa Younis

HEAD OF HUMAN RESOURCES

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Our Values

Our values have always been at the core of our identity. They are the beliefs that define who we are, and guide our decisions on the journey to achieving our overarching vision.
Reliable

We always deliver on our commitments to quality and service excellence.

Open

We foster an environment that promotes trust and learning through honest communication.

Adaptable

We understand our stakeholders and collaborate to realise our common goals.

Decisive

We take ownership of every situation by finding solutions to move forward.

Sustainable

We seriously consider the economic, social and environmental impact of everything we do.

Ever-growing

We do not stay stagnant and constantly thinking of innovation and expansion.