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Doha: Ezdan Holding Group’s audited net profit of QR408.7m for the financial year ended December 31, 2012, is an increase by 18.32 percent over the figure of QR345.4m achieved in 2011, a Qatar Exchange notification said yesterday. The QE-listed company’s earnings per share amounted to QR0.15 for 2012 compared to QR0.13 in 2011. The Group said it has recommended the distribution of 1.3 percent cash dividend, at the rate of 13 dirhams per share, subject to General Assembly’s approval. In the third quarter of 2012, Ezdan Real Estate Company changed its legal status by converting to a holding company. Established 47 years ago and then known as Thani Bin Abdullah Housing Group, the group became a limited liability company in 1993. In 2006 the Group’s real estate investments were transferred to a new entity known as the Iskan Real Estate Company. In the same year, its name was changed to Ezdan Real Estate Company and it became a Qatari shareholding company and was launched for trading on Qatar Exchange in 2008.
Doha: Mazaya Qatar Real Estate Development’s audited net profit of QR63m for the financial year ended December 31, 2012, is an increase by 28.57 percent over the figure of QR49m achieved in 2011, a Qatar Exchange notification said yesterday. The earnings per share amount increased to QR0.63 for 2012 compared to QR0.49 in 2011. The company’s board has recommended the distribution of 6 percent cash dividend or 3.6 dirhams of the share’s par value of 60 dirhams, subject to the approval of the company’s annual general meeting to be held at QNCC (Hall 1) at 4pm on March 11. In the absence of a quorum, the meeting will be held again on March 18 at the same time and venue.
Doha: Qatar General Insurance and Reinsurance Company’s audited net profit of QR175m for the financial year ended December 31, 2012, is an increase by 2.9 percent over the figure of QR170.1m achieved in 2011, a Qatar Exchange notification said. The earnings per share amounted to QR3.50 for 2012 compared to QR3.39 in 2011. The company’s board has recommended the distribution of 10 percent of the share’s par value as cash dividend as well as the distribution of 15 percent bonus shares of the company’s capital at the rate of 1.5 shares for each 10 held shares. QNA