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Oil Services Company Seeking Loan in Doha, Qatar

Doha based oil and gas transport and maintenance contractor with long term contracts.

Established 30-40 year(s)
Employees 100 - 500
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 8 million
Run Rate Sales USD 8 million
EBITDA Margin 14 %
Industries Oil Services
Locations  Doha
Local Time 1:29 PM Asia / Qatar
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 800 thousand for 10.0% annual interest, 3 years (Native Currency: QAR 3,000,000)
Reason: We are seeking a loan for operational needs, high work demand, recruitment process and financial sta... View More
Collateral Available: USD 0
Includes physical assets worth USD 1.1 million
Name, Phone, Email
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Establishment ID
Business Overview

- We provide electrical and civil maintenance services.

- Have recurring contracts for 20+ years with Qatar Petroleum.

- We recently secured revenue from Qatar petroleum with 30 days payment terms.

- Our average monthly revenue is 2.5m QAR.

- We are located in Mesaieed with in-house workshops.

- We also have a fleet of 80+ vehicles including 49 Mercedes Buses (2017 Model) contracted to Qatar Petroleum till July 2022, after which they will be utilized for World Cup 2022 demand.

- We are looking for an investor with a 3-5 years loan plan.

- There was a small dip in the revenue growth rate due to Covid but we are currently stable and on a path to recovery.

Products & Services Overview

- Civil and electrical maintenance in plants, buildings, facilities, and pipelines.

- Minor construction and general contracting in the oil and gas industry.

- Transport provider for staff and students of Qatar Petroleum.

- Transport provider for tourist agencies.

Assets Overview

Assets include approximately 90 Vehicles, 49 Mercedes buses, 20+/- commercial vehicles, 15+/- salon/4x4 vehicles, 3 lifting vehicles, other equipment and stock.

Facilities Overview

- Head office located in Doha (QAR 10k rent)

- Accommodation camp in an industrial area (QAR 45k rent) - 56 rooms.

- Rented accommodation apartments in Mesaieed (QAR 45k rent) - 10 x 2 bedroom.

- 10,000 sq metre of rented land for site offices, workshops and storage facilities (QAR 20k rent)

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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