Doha: Ezdan Holding Group yesterday announced that it has acquired up to 20.01 percent of the Qatari Investors Group shares, which operates through 12 companies and 23 subsidiaries in different sectors such as industry, trade and services and provides jobs for more than 600 employees.
Qatari Investors Group recorded a net profit of QR220.6m in 2013 versus QR152.2m in 2012 and the earnings per share (EPS) amounted to QR1.77 in 2013 compared to QR1.22 in 2012.
Deputy Chairman of the Board of Directors of Ezdan Holding Group Sheikh Abdullah bin Thani bin Abdullah Al Thani stressed that investment through the purchase of Qatari Investors Group stake is a significant move towards the diversification of investments of Ezdan by entering the industrial sector. He explained that Qatari Investors Group is heavily investing in this sector through the Industrial Investors Company which manages the Gulf Cement Co.
He added that Ezdan Holding Group was able to achieve record results in 2013 out of hard work, diligence, successful investment policy and the clear strategy based on diversification, noting that the Group is keen to seize any opportunity available in the local market. The Group aims at reaching stability and growth in diverse sectors.
He stressed that Ezdan Holding Group will spare no effort to strengthen its financial investments in all sectors of the country with the aim to contribute in achieving goals of the state development strategy for the year 2030 under the wise leadership of the Emir H H Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar .
Sheikh Abdullah predicted that Ezdan Holding Group will be able to achieve more profits during the current year 2014 than what has been achieved during 2013, pointing to the tremendous development in the volume of the group’s investments and ambitious projects that will be launched during this year.
Ezdan Holding Group CEO Ali Mohammed Al Obaidli noted that the group has achieved great success with the beginning of the year 2014, explaining that the market value of the Group jumped to more than QR70bn. According to recent indicators, Ezdan Holding Group has become one of the three largest entities in terms of market value in the market securities.
Obaidli said the Group is keen to reach diversity in all purchases in the Qatari companies, stressing that the Group focuses on unique investment opportunities and most vital sectors to invest in.
The Peninsula
