Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- Ezdan Holding Group buys 20.16pc of Widam shares  Join our daily free Newsletter

MENAFN - The Peninsula - 23/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - The Peninsula) Ezdan Holding Group yesterday announced the acquisition of up to 20.16 percent shares of Widam Food Co (previously Mawashi), in a step to promote the Group's investments and its diversification strategy.

Sheikh Abdullah bin Thani bin Abdullah Al Thani (pictured on left), Deputy Chairman of the Board of Directors of Ezdan Holding Group, said: "Ezdan Holding Group makes solid and premeditated purchasing steps in a number of Qatari companies to enrich its investment portfolio. The Group seeks to diversify its sources with the aim to raise its net profit index as well as strengthening its role as a key player in the Qatari market."

Sheikh Abdullah said that the group's strategy in the coming years will mainly dependent on the gradual dissociation from the real estate sector and allocating the Group's returns in many sectors through the purchase of shares of companies listed on Qatar Exchange, the fact that will be positively reflected in the Group's profits, ensuring great deal of stability to Ezdan's share.

Ezdan Holding Group CEO Ali al Obaidli (pictured right) said: "Ezdan Holding Group is steadily heading its goals according to a deliberate and clear plan, targeting the assignment of dissociation returns from the real estate sector, which has already started over the past year of 2013. A largeortion of these revenues will be allocated in procurement of companies listed in the Qatari bourse, aiming at supporting the domestic market and benefit from promising opportunities offered in the country."


Obaidli added that the clear vision of Ezdan Holding Group Board of Directors, chaired by Sheikh Khalid bin Thani aims to achieve wider participation in realising the goals of the National Development Strategy 2030 through investment in a variety of sectors to stimulate growth for medium companies. The strategy aims at achieving sustainable levels of development and an outstanding standard of living for current and future generations in addition to ensuring maximum stability and growth for all shareholders of the Group.

The Extraordinary General Assembly of the Qatar Company For Meat and Livestock Trading (Mawashi) has approved the amendment of Act 2 in the statute of the company, renaming the company to Widam Food Company as a Qatari shareholding company that focuses on animal transport, in addition to the management of a number of slaughterhouses in the country and a branch in Sudan. Widam Food Co is keen to use the latest technology in its products processing in line with the international standards and specifications, and based on several key conditions, including fresh produce, high quality and home delivery services.

 


The Peninsula




  MENA News Headlines
 Feb 26 2017 - MEDIA ALERT: AMA Tampa Bay's 2nd Annual Marketer of the Year Awards Thursday, March 2, 2017 | #PRNCMENAFN Press
(MENAFN Editorial) Who: The American Marketing Association Tampa Bay What: AMA Tampa Bay's 2nd Annual Marketer of the Year Awards When: Thursday, March 2, 2017, 5:30-8:30 PM Where: ...

 Feb 26 2017 - Egypt's Coptic flee Sinai after deadly attacksMENAFN
(MENAFN) Dozens of Coptic Christian families in Egypt have fled North Sinai province after a number of killings in recent weeks by suspected Islamist militants.Many have now taken refuge in the ...

 Feb 26 2017 - Saudi foreign minister makes landmark visit to IraqMENAFN
(MENAFN) The Saudi foreign minister Adel al-Jubeir has met Iraqi Prime Minister Haider al-Abadi - the first such visit by a Saudi foreign minister since 1990.The meeting is the latest effort to ease ...

 Feb 26 2017 - Morocco- Zambia Withdraws Recognition of Polisario's Self-proclaimed SADRMorocco World News
(MENAFN - Morocco World News) 'I reiterate my statement made on July 9, 2016 in Rabat,' Zambia's top diplomat told Morocco's official news agency Maghreb Arab Press (MAP). During a visit to Rabat ...

 Feb 26 2017 - Morocco- Marine Le Pen Refuses Police QuestioningMorocco World News
(MENAFN - Morocco World News) Le Pen, however, stressed a in a letter on Friday that she would not answer to any police or judicial convocation until after the parliamentary elections on June 11 and ...

 Feb 26 2017 - Morocco- Stock Exchange Market: MAD 22 Billion Lost in 2 SessionsMorocco World News
(MENAFN - Morocco World News) Rabat – MASI dropped 1.91% to 11,726.24 points at the Casablanca Stock Exchange close on Thursday. The barometer of the most liquid values dropped by 2.10% to 9.583.52 ...

 Feb 26 2017 - Morocco- Moroccan Port Traffic: A Strengthening of ExchangesMorocco World News
(MENAFN - Morocco World News) Rabat – Moroccan ports saw an 8.6% increase in activity in 2016, reports the National Ports Agency, with 121.1 million tons of goods transported compared to last years' ...

 Feb 26 2017 - Morocco Receives $7.6 Billion from Islamic Development BankMorocco World News
(MENAFN - Morocco World News) Al-Hajjar went on to highlight the strategic ties between Morocco and the IDB, noting that the IDB will keep supporting Moroccan development projects, especially those ...

 Feb 26 2017 - America denies entry to Syrian behind Oscar-nominated filmMENAFN
(MENAFN) The US has denied entry to a 21-year-old Syrian behind an Oscar nominated documentary because of problems with his documents.Khaled Khatib did most of the filming for a British movie called ...

 Feb 26 2017 - Syrian Filmmaker Denied Entry to US to Attend OscarsMorocco World News
(MENAFN - Morocco World News) Although refusing to elaborate on the vague use of the word 'derogatory,' the US Department of Homeland Security would only say that Khatib needs a new passport waiver, ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help