QEWSQuarterly Economy Wide Survey (Australia)
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The agreement was signed by QEWC GM Fahad Hamad al Mohannadi and QSTec Chairman and CEO Khalid Klefeekh al Hajri at the QEWS headquarters, in Doha , on Sunday.
At a stock level, Al Othaim, the largest food retailer in Saudi Arabia which has seen revenue Compound Annual Growth Rate ("CAGR") of 25% over the last 5 years and is trading on a PE of only 9x and Qatari utility stock, QEWS, which generates ROEs of 40% and is trading on a 7.
QEWS reported fourth-quarter 2013 bottom-line of QR330mn, down 21% quarter-over-quarter (QoQ) and 28% year-over-year (YoY) versus our estimate of QR371mn.