Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, Chairman of Ezdan Holding Group.
Ezdan Holding Group, one of the country’s leading real estate majors, has reported that its net profit has exceeded QR1.29bn by the end of Q3, 2016, up by 5.8 percent compared to QR1.22bn for the corresponding period last year.
This continuous growth has been registered despite the difficulties and challenges in the market due to oil price fluctuations.
The financial results showed an increase in the Group’s Earnings per Share (EPS) of QR0.49 by the end of Q3, 2016, compared to QR0.46 during the same period in 2015. As for its operating income the Group has logged QR1.593m, versus QR1.346m by the end of Q3, 2015.
Commenting on Ezdan's solid results, Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, Chairman of Ezdan Holding Group said: “A good observer of the Group’s strides during this period would clearly witness the accurate vision that we seek to realise in every step of the way. A vision that steadily paves the way in the realm of business and finance, and becomes a model of institutional strategies development and investments restructuring for a smooth transition from a private to a public shareholding company listed in the stock markets, which propelled the size of the Group’s investments and vision, transforming the group into a holding group with an enormous variety of investments under its umbrella.”
Sheikh Dr. Khalid added: “Our vision was clear and precise, as each phase of strategies and investments development passes, while Group’s profits evolved attracting the attention of entrepreneurs and observers in the business and finance world, and have remarkably increased within less than five years. As the board of the company, such performance is heartwarming to us and carries great promises for the Group’s shareholders.”
The Group has demonstrated its ability to face challenges and overcame many obstacles at the local and international level. Some of these achievements we have planned was the Sukuk issuance, in addition to our success in coping with oil price fluctuations, which had a negative impact on markets in general. However, and despite that, Ezdan Holding Group strongly carries on in its success track, and will continue this journey, he said.
Group CEO, Ali Mohammed Al Obaidli, said: “This year has witnessed the realization of strategic goals we have set over the past years. We have made a quantum leap in our operations in various projects, and after achieving excellence and leadership in real estate, we have strengthened Ezdan Holding Group’s brand in the tourism and entertainment sector, which is bringing in revenues at an exponential rate.”
