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
 May 24 2016 - Parliament urges government to lift price of sugarcane to EGP 500 per tonneDaily News Egypt
(MENAFN - Daily News Egypt) The agriculture committee in parliament urged the government to increase the price of sugarcane by EGP 100 to EGP 500 per tonne. MP Raef Timraz told Daily News Egypt ...

 May 24 2016 - Amer Group, Porto Group witness an increase in revenueDaily News Egypt
(MENAFN - Daily News Egypt) Porto Group (PORT.CA) and AMER Group (AMER.CA), the leading investment and development of integrated real estate projects, achieved a substantial increase in consolidated ...

 May 24 2016 - 40 Lebanese companies to visit Egypt's industrial zones next weekDaily News Egypt
(MENAFN - Daily News Egypt) A delegation of Lebanese businessmen will visit industrial zones next week, according to Chemical and Fertilisers Export Council (CEC) chairperson Khaled Abou El-Makarem. ...

 May 24 2016 - Petroleum Ministry's submarine awaits arrival of French ship to locate black boxDaily News Egypt
(MENAFN - Daily News Egypt) The ROV submarine tasked with searching for the black box of EgyptAir flight MS804 in the Mediterranean awaits the arrival of a French ship equipped to receive signals ...

 May 24 2016 - Egypt's budget: optimistic aspirations and a difficult realityDaily News Egypt
(MENAFN - Daily News Egypt) Egypt’s economic ambitions aim to achieve a growth rate of 5-6.2% in fiscal year (FY) 2019/2020, and collide with the difficult reality of deteriorating security ...

 May 24 2016 - Economic growth of 5.2% in coming year realistic only with reform: Finance MinisterDaily News Egypt
(MENAFN - Daily News Egypt) Egypt aims to achieve an economic growth rate of 5.2% during the coming fiscal year according to the financial statement for the FY 2016-2017 budget, said Finance Minister ...

 May 24 2016 - In Pictures: State continues demolition of homes in Sayeda ZeinabDaily News Egypt
(MENAFN - Daily News Egypt) State security forces evacuated residents of Tal Al-Aqreb, located in Sayeda Zeinab near downtown Cairo, on Monday after which several homes were demolished. The ...

 May 24 2016 - Etisalat & Huawei collaborate to deliver first MEA 10Gbps broadband serviceMENAFN Press
(MENAFN Press) Etisalat UAE, a leading telecom service provider together with Huawei, a leading global ICT (information and communications technology solutions) provider, have announced the ...

 May 24 2016 - du selects Ericsson as IT managed services partnerMENAFN Press
(MENAFN Press) Ericsson (NASDAQ: ERIC) and du, a telecommunications operator based in Dubai, United Arab Emirates, have agreed a new long-term partnership in which Ericsson will manage and operate ...

 May 24 2016 - Empower urges customers to stay connected to district cooling service during summer period Expected to be hottest in 136 yearsMENAFN Press
(MENAFN Press) Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, urged its customers to stay connected to its district cooling services ...

more...


 





Google

Join Our Newsletter

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

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