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GIS reports QR3bn revenue in 2020  19 Feb 2021 - 10:08 The Peninsula Gulf International Services (‘GIS’ or ‘the Group’), one of the largest diversified service groups in Qatar with interests in oil and gas drilling, insurance, helicopter transportation and catering services, yesterday reported a net loss of QR319m for the year ended December 31, 2020. Group’s revenue for the year ended December 31, 2020 amounted to QR3bn, and remained at the same level of last year. Revenue growth from the aviation and insurance segments was entirely offset by reduction in revenue from the drilling and catering segments. 2020 was a challenging year for the Group companies, as the oil and gas industry witnessed severe volatilities coupled with the global economic downturn amid COVID-19 outbreak, and created another layer of downward pressures, while the Group companies were relentlessly working to recover from the previous down cycle within the oil and gas industry. These unprecedented

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