FROM LEFT: Ezdan officials Ali Abdurahman Al Hashimi, Muhammad Hussein Al Abdullah, Dr Yousuf Ahmad Al Nehma, Ali Mohammed Al Obaidly, Saleh Jassem Al Muhanaddi, Abdul Basset Ahmad Al Sheebi, and Nasser Mohammed Al Abdullah, during the general assembly meetings at Ezdan Tower yesterday. INSET: Chairman of Ezdan Holding Group, Sheikh Dr Khalid bin Thani Al Thani.Kammutty VP
DOHA: Ezdan holding company yesterday held its General Assembly meeting and approved the Board of Directors’ decision to enter into a partnership with SAK Holding group for the development of state-owned land for Ezdan, and authorised the board to complete the procedures.
Member of the Board of Directors, Dr Yousuf Ahmad Al Nehma, chaired the meeting on behalf of Chairman of Ezdan Holding Group, Sheikh Dr Khalid bin Thani Al Thani. The meeting welcomed the shareholders and highlighted the Group’s financial achievements with net profits of the company reaching at QR717.64m, up 175 percent compared with QR260.94m during the corresponding period last year. The earnings per share for Q3 2013 stood at QR 0.27.
Sheikh Khalid affirmed in his speech delivered on his behalf by Al Nehma on the record results for the Group which reflects the volume of Ezdan activity in terms of diversifying of investments and work on the development strategy of the group to achieve leadership in investment and professionalism in Qatar stock trading and asset development.
The head of the Governing Council in his speech affirmed that the Ezdan Holding Group does not work in isolation from society, adding that all the ideas and projects of the investment group stems from a thorough study of the needs and requirements of the market and to achieve the strategies laid in line with Qatar National Vision 2030.
He also said that the group is moving ahead with its strategy to ensure excellent dividends for all the stakeholders.
Group CEO of Ezdan Holdings, Ali Al Obaidli, appreciated the approval of the General Assembly to enter into the partnership with the SAK Holding Group affirming that this partnership will be reflected positively on the Group’s results.
The Peninsula
