Sheikh Thani bin Abdullah Al Thani (third right), Chairman of SAK Holding Group, and Ali Mohammed Al Obaidli (second right), Group CEO of Ezdan Holding Group, at the Arabian Business Awards event in Doha.
DOHA: Qatar’s real estate major Ezdan Holding Group, won the coveted ‘International Achievement Award 2016’ at the Arabian Business Qatar Awards 2016 for recent achievements made by the Group at international level.
The Arabian Business Awards is a premier event in the regional business calendar and consistently attracts and honours the biggest names in the Gulf business community.
The award was received by the Group Chief Executive Officer Ali Mohammed Al Obaidli in the presence of a panel of senior officials, businessmen and entrepreneurs in a ceremony held here in the Westin Hotel.
Ezdan Holding Group witnessed almost a double oversubscription for its inaugural $500m Islamic sukuk in a record time. It also opened the first phase of Ezdan Mall Al Wukair and preparations are going on for launching three major projects in other vital sectors.
Ali Mohammed Al Obaidli said that winning such award is a recognition of achievements made by the Group. The experience has shown that the vision of the Group and its strategy pursued for years have been translated in various actions and plans, which contributed to the development of the Group and placed it on the right track in the world of investment supporting the national economy.
On the achievements of the Group in recent years, Al Obaidli pointed out that Ezdan has achieved dazzling progress in its financial performance, projects, operations and transactions in different important sectors during the last three years.
The Group received recognition and won a number of awards in a short time for its high profile services, remarkable financial indicators.
“(This year) We reached a milestone at the local level, in which the group succeeded in its first sukuk deal that we chose to issue in stages and it was oversubscribed 167 percent,” he said.
“During the current year our achievements vary in multiple sectors, mainly the realty sector, which accounts for the largest share of the Group’s investments. We provide more than 20,000 housing units, serving all the different segments in Qatar. We disclosed in the second quarter of this year ‘Ezdan Oasis project’- a mega real estate project that will target more than 35,000 people, and will provide more than multi-purpose 9,000 units of different areas in Al Wukair area,” he said. We have expressed our commitment to launch the project gradually as we are working hard to launch the first phase of it over the next year and that will include about 2,000 housing units. Through this project, we aim to promote the urban development boom in Al Wakra and Al Wukair area,” he added.
About Group’s strategy for investment integration, Al Obaidli said Ezdan has entered a vital sector such as the entertainment and commercial centres sector based on the principle of establishing service projects to meet the audience diverse needs.
Ezdan has established three shopping malls three according to the latest international standards in order to meet the needs of the growing shopping and entertainment community, and to promote the process of urban development throughout Qatar.
