Ezdan Holding’s net profit jumps 289.45pc

March 09, 2014 - 1:04:05 am

Sheikh Dr Khalid bin Thani bin Abdullah Al Thani (left) and Ali Mohammed Al Obaidli.

DOHA: Real estate giant Ezdan Holding’s net profit has surged to QR1.07bn during the last financial year ended December 31, 2013, up by 289.45 percent  compared to QR275m in 2012.  

The earning per share (EPS) of the group rose to QR0.40 in 2013, compared to QR0.10 during 2012.

Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, Chairman of Ezdan Holding Group, said: “We congratulate shareholders on the quantum leap in the Group’s profits and we promise them more achievements in 2014.” 

Sheikh Khalid added: “The performance of the groups has been extraordinary in all four quarters of 2013. It has 

witnessed the launch of several new mega projects, which 

have contributed to the creation of a huge surge in the 

volume of the Group’s financial results. In addition, such 

achievements are a natural reflection of Ezdan Holding’s recent accomplishments, in line with its clear strategy and definite vision based on diversification in investments.” 

“The achievements will bring financial gains for all the shareholders and also help to uplift the country’s socio-economic condition,” he said.

Reiterating on the Group’s better financials for the current year, he said:” We are confident that the current year will be a continuation of such upswing in the Group’s profits, which leads us to expect more profits during 2014.”

He further said the group is working to implement its strategic vision in dissociation from the real estate sector focusing on investments in various other sectors. This dissociation would contribute to greater benefits for shareholders as well as effective participation in the Qatar National Vision 2030, under the wise leadership of the Emir 

H E Sheikh Tamim bin Hamad Al Thani.

Ali Mohammed Al Obaidli, Group CEO of Ezdan, said: “The extraordinary performance of the Group in 2013 was the outcome of the hard work put in by the staff, well planned strategy and the clear vision of the management all together contributed to the success of the group thus making it a model in the business industry in the world.” 

He said that the group has launched several large scale projects, which had great impact on the Qatari market which was reflected in the financial results of the Group during the 2013.

Giving his projections for the year 2014, the CEO said: “We look forward to the year 2014 with great deal of optimism and determination. We also hope that the implementation of our new projects in 2014 will help group to pave its way in making history.”

The Peninsula

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