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Nebras Power Shareholders

Nebras Power enjoys full support from two strong shareholders, with solid fundamentals and outstanding track record. They have invested into the company’s growth and are able to bring our vision and strategy to life.

Qatar Electric Water Company - major shareholder in Nebras Power

Qatar Electricity and Water Company (QEWC)

Qatar Electricity and Water Company (QEWC), a Qatari public shareholding company, is one of the first private sector companies in the region that operates in the field of electricity generation and water desalination. Established in 1990 in accordance with the provisions of the Qatari Commercial Companies Law, its purpose was to own, manage, and sell the products of electricity generation and water desalination plants.

Upon its foundation, the company’s capital was one billion Qatari Riyals divided into one hundred million shares at the value of 10 QR per share. On 25 February 2014, the extraordinary general assembly decided to distribute ten million bonus shares among the shareholders by giving one share for every ten shares. Accordingly, the company capital share became one billion and one hundred million Qatari Riyals that were fully paid divided into one hundred and ten million shares. The Qatari government and its affiliates own approximately 52% of the capital and the rest of the shareholders, companies and individuals, own about 48%. The eleven-member board of directors chaired by H.E. Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry, run the company.

QEWC is the second largest company in the field of power generation and water desalination in the Middle East and North Africa (MENA) region. It is the main supplier for electricity and desalinated water in Qatar with a market share of 62% of electricity and 79% of water. The company generates electricity of 5.432 Megawatt and produces 258 million gallons of water per day. Over the last decade, the company witnessed remarkable growth in alignment with the rapid development of the Qatari economy and the increase of population, which in its turn increased the demand on electricity and water. QEWC revenues increased at a compounded annual growth rate of approximately 10.3%.

Qatar Investment Authority - major shareholder in Nebras Power

Qatar Investment Authority (QIA)

Qatar Investment Authority is the sovereign wealth fund of the State of Qatar.

QIA was founded in 2005 to strengthen the country's economy by diversifying into new asset classes. Building on the heritage of Qatar investments dating back more than three decades, QIA's growing portfolio of long-term investments help complement the State of Qatar's wealth in natural resources.

QIA supports the goals of the Qatar National Vision 2030, which seeks to create a stable, prosperous future for generations to come. The Sovereign wealth fund looks beyond short-term turbulence and market trends focusing on the fundamental issues of sustainable value and growth.

QIA's stakeholders and employees - from all around the world - operate with absolute commitment and apply the highest financial standards and investment principles. QIA seeks socially, economically, and environmentally responsible investments and looks beyond short-term returns, as QIA pursues balanced and sustainable growth.

QIA has built a major global portfolio that now spans a broad range of asset classes and regions. QIA has a strong track record of investing in multiple asset classes, including listed securities, property, alternative assets and private equity in all the major markets globally.

Mission: QIA's mission is to invest, manage and grow Qatar's reserves to create sustainable long-term value for the State and future generations. QIA supports the development of a competitive Qatari economy, facilitating economic diversification and developing local talent.

Vision: QIA is recognized as a world-class investment institution, and the preferred partner of choice for investors, financiers and other stakeholders.

Culture: QIA is driven by values and principles. QIA values its reputation of excellence and integrity.

Values: Professional and Ethical Standards to which the Authority adheres. QIA's governing bodies, corporate officers and employees are required to behave and operate following 5 guiding values:

  • Integrity: To apply the highest ethical, moral and professional standards of conduct in each of their undertakings
  • Mission focus: QIA has a noble mission on behalf of the Qatari people. In executing day to-day responsibilities, QIA management and employees are firmly focused on this mission
  • Entrepreneurialism: QIA believes in the power of entrepreneurialism, and it continues to encourage initiative and a flexible approach even as the organization grows and institutionalizes
  • Excellence: QIA strives for excellence in all aspects of its undertakings
  • Respect for people: QIA recognizes that people are its most valuable asset, and the organization seeks to create a respectful workplace free of harassment or intimidation