Quotes: US 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 large portion 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.

 






  MENA News Headlines
 Sep 1 2014 - Power oil & gas sectors account for 60 of SR84.9bn contractsArab News
(MENAFN - Arab News) Saudi Arabia recorded a significant upswing in the value of awarded contracts during the second quarter of 2014 as it reached SR84.9 billion. It marked a strong rebound from the ...

 Sep 1 2014 - TADAWUL: Insurance Energy sectors surge over 2Arab News
(MENAFN - Arab News) Saudi Arabia's benchmark the Tadawul All-Share Index (TASI) closed at 11112.12 and ended its Sunday's trading up over seventy points or 0.63 percent. Its year-to-date return ...

 Sep 1 2014 - Basketball: US Spain move to 2-0 Senegal picks up historic winArab News
(MENAFN - Arab News) SEVILLE Spain: United States and Spain both collected their second straight win at the 2014 FIBA Basketball World Cup on Sunday while Croatia fought off tough Argentina and ...

 Sep 1 2014 - Gilas Pilipinas under pressure after 2nd defeat by GreeceArab News
(MENAFN - Arab News) SEVILLE Spain: Gilas Pilipinas ran into a solid Greek wall on Sunday night and was driven on cliff's edge in the Fiba World Cup.Greece used its huge advantage in size and heft to ...

 Sep 1 2014 - Saudi - Labor law violation: 18773 companies face actionArab News
(MENAFN - Arab News) The Labor Ministry has slapped fines worth more than SR10 million on companies after its inspectors found 62762 labor rule violations during raids carried out over the past nine ...

 Sep 1 2014 - Salman-Hollande talks to focus on Mideast turmoilArab News
(MENAFN - Arab News) Turmoil across the Middle East which has led to the death and displacement of millions of innocent people will top the agenda of talks between Crown Prince Salman deputy premier ...

 Sep 1 2014 - Pakistani Army vows to protect democracyArab News
(MENAFN - Arab News) ISLAMABAD: The much-vaunted Pakistan Army declared on Sunday that it was committed to protecting democracy in the wake of anti-government protests.According to media reports ...

 Sep 1 2014 - Breakthrough in GCC-Qatar rowArab News
(MENAFN - Arab News) Saudi Arabia and other GCC states have reached a breakthrough toward ending their dispute with Qatar having agreed on principles to overcome differences leaders of thesix-member ...

 Sep 1 2014 - Cyberspace turning into battlefieldArab News
(MENAFN - Arab News) The US has launched a social media offensive against the Islamic State (IS) and Al-Qaeda setting out to win the war of ideas by ridiculing the militants with a mixture of blunt ...

 Sep 1 2014 - Japan France share spoils in team eventArab News
(MENAFN - Arab News) CHELYABINSK Russia: Japan and France took home the gold medals in the team competition on the final day of the judo World Championships in Chelyabinsk on Sunday.Japan recovered ...

more...


 






Google

Taqs

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help