Mubasher: Qatari German for Medical Devices (QG Medical) on Wednesday has signed a cooperation agreement with Al Jazira Healthcare Company to produce a number of medical supplies that will meet the needs of Qatar’s healthcare sector.
This deal is in line with Qatar National Vision 2030 which aims to achieve self-sufficiency in this sector, according to a statement.
Under the contract, all products will be sterilised in QG Medical’s headquarter.
QG Medical last reported a 44.2% year-on-year decrease in losses for the third quarter of 2018, reaching QAR 1.1 million, down from QAR 1.9 million in Q3-17, while losses fell 12.7% to QAR 5.5 million in the first nine months, versus QAR 6.3 million.
QG Medical’s stock rose 2.80% to close Wednesday’s trading session at QAR 4.30.
