Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- Ezdan Holding profit up 82.3pc  Join our daily free Newsletter

MENAFN - The Peninsula - 27/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - The Peninsula) Ezdan Holding Group yesterday announced its financials for the first quarter of 2014, reporting an impressive jump of 82.3 percent in its profits to QR460.67m compared to QR252.72m for the corresponding period last year.

The yield rose to QR0.17 during the first quarter of 2014, compared to QR0.10 in the first quarter of 2013.

Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, Chairman of Ezdan Holding Group said: "We congratulate all the shareholders of Ezdan for the success we have achieved, which we believe that it will change the course of the Group in the future to attain higher local and international position. We believe also that Ezdan Holding Group will be an example of the optimal investment management that seeks to achieve maximum benefit, while maintaining the highest levels of stability and risk aversion, in line with clear strategy and defined vision for the future of the Group".

Sheikh Khalid added: "This success is not a new phenomenon, but it is a product of hard work and effort provided over the past years, thanks to Sheikh Thani bin Abdullah Al Thani, the Founder of the Group, who planted the seed and paved the way for such success, and now we reap the through good plans and a clear vision and shareholders support. The increase in profits for the Group expressively reflects the size of Ezdan investment portfolio and all what it includes of huge projects withhigh profitability."


He stressed Qatar's economic environment is the main factor that drives and spur all sectors to grow and achieve best results, hailing the role Qatar plays in this regard, saying: "The prudent and wise leadership of the State of Qatar represented by The Emir H H Sheikh Tamim bin Hamad Al Thani had a key role in achieving a quantum leap in the country's economy in all sectors through the development vision, the motivating investment environment, as well as the laws and legislation that is keen to fulfil stability and security for businessmen and investors."

Ali Mohammed Al Obaidli, Group CEO of Ezdan Holding said that record profits of the Group started to emerge with last year's results in 2013, which is the first year in which company was transformed into a holding group.

He added that the Group, headed by Sheikh Khalid, has taken quick action in the implementation of well-planned strategy that would reflect work mechanisms in this stage of Ezdan Holding Group history.

He added that the results achieved by the Group during the first quarter of the current year is due to the large number of major projects being implemented, especially Al Shamal residential compound in an area of 115,000 square meters.

The compound includes 129 luxurious villas, 256 apartments and a four-star hotel. The company reported that all the residential units of the project have been booked.

 


The Peninsula




  MENA News Headlines
 Dec 9 2016 - UAE packaging paper industry to grow by 5pctMENAFN
(MENAFN) UAE paper and packaging industry is increasing fast in the MENA region, reaching a market valued at USD2.3bn and will remain an annual growth rate of 5 percent till 2019.Meanwhile, Paper ...

 Dec 9 2016 - Qatar aims USD13bn investment in infrastructure projectsMENAFN
(MENAFN) Qatar is ready to pump almost USD13bn on mega infrastructure projects in the country in the coming year with a main focus on projects related to the FIFA World Cup 2020.Moreover, the country ...

 Dec 9 2016 - GCC, UK confirm to make closer tiesMENAFN
(MENAFN) A mutual summit between GCC leaders and British Theresa May confirmed to launch the GCC-UK Strategic Partnership to enhance relations in all fields.Moreover, UK will spend more than 3bn euro ...

 Dec 9 2016 - Qatar expected to have 912,000 cars by 2020Gulf Times
(MENAFN - Gulf Times) The number of passenger cars in use in Qatar is expected to reach about 912,000 units by 2020, registering the highest annualised growth of 5.4% in the Gulf Co-operation Council ...

 Dec 9 2016 - Prime Minister condoles with Moroccan PMGulf Times
(MENAFN - Gulf Times) HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani held a telephone conversation with the Prime Minister of Morocco Abdelilah Ben ...

 Dec 9 2016 - Qatar believes in protecting religious freedom: MinisterGulf Times
(MENAFN - Gulf Times) HE the Minister of State for Foreign Affairs, Sultan bin Saad al-Muraikhi chaired Qatar's delegation to the Ninth Bali Democracy Forum, which kicked off in Bali, Indonesia, ...

 Dec 9 2016 - Qatar- Commercial Bank participates in prestigious CSR conferenceGulf Times
(MENAFN - Gulf Times) Commercial Bank, Qatar's first private bank, has participated at the annual Corporate Social Responsibility (CSR) Conference for organisations in Qatar. The CSR Conference, ...

 Dec 9 2016 - Qatar- Prime Minister honours persons with disabilitiesGulf Times
(MENAFN - Gulf Times) HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani attended a ceremony held by national institutions to support persons with ...

 Dec 9 2016 - MEC recalls KIA Optima 2016 modelGulf Times
(MENAFN - Gulf Times) The Ministry of Economy and Commerce (MEC) has announced a recall of Kia Optima, model year 2016, due to a noise in the right front axle drive shaft. The recall is being ...

 Dec 9 2016 - Qatar- Ooredoo urges public to download 'Inland Sea' applicationGulf Times
(MENAFN - Gulf Times) Ooredoo has urged those who travel or camp at the Inland Sea to download its recently-updated desert navigation app as the camping season comes to full swing. The ...

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