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
 Sep 29 2016 - Kimberly process chair steps up momentum on Africa initiativeMENAFN Press
(MENAFN Press) Zimbabwe was the next stop on his extensive tour of African States, to give Africa a Voice, for which the Kimberley Process was originally intended. In Harare, the KP Chair met with ...

 Sep 29 2016 - Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020MENAFN Press
(MENAFN Press) Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020 next five years in an average of 106% CAGR; by 2020 over 430 billion products will be sold, and 21 ...

 Sep 29 2016 - NY Gov. Cuomo's Justice Center a Corruption SchemeMENAFN Press
(MENAFN Press) NY Gov. Cuomo's Justice Center a Corruption Scheme Jonathan Carey "Champion for the Disabled" Born September 12,1993 Killed by caregivers on February 15,2007 The corruption is ...

 Sep 29 2016 - Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North AmericaMENAFN Press
(MENAFN Press) Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North America The 3rd annual Biosimilars North America by popular demand, ...

 Sep 29 2016 - Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022.MENAFN Press
(MENAFN Press) Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022. Global Haptic Interface Market Information, by Components (Hardware, Software), ...

 Sep 29 2016 - Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Cold Forging Machine Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September ...

 Sep 29 2016 - Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021MENAFN Press
(MENAFN Press) Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021 Global Wind Power Market Information Report by Application (Residential ...

 Sep 29 2016 - Global Facial Injectable Market 2016 Technological Innovations, Revenue Share, Opportunities, Trends and Forecast- 2027MENAFN Press
(MENAFN Press) Global Facial Injectable Market 2016 Technological Innovations, Revenue Share, Opportunities, Trends and Forecast- 2027 Market Research Future Global Facial Injectable Market ...

 Sep 29 2016 - Salad Dressing: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Salad Dressing: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Salad Dressing Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September 29, 2016 ...

 Sep 29 2016 - Global 3d vr virtual reality glasses Market 2016 Share, Trend, Segmentation and Forecast To 2020MENAFN Press
(MENAFN Press) Global 3d vr virtual reality glasses Market 2016 Share, Trend, Segmentation and Forecast To 2020 conditions, including the product price, profit, capacity, production, capacity ...

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