Mr. Ali Mohammed Al Obaidli
In The Name of Allah the Most Gracious and the Most Merciful
As we are going ahead to celebrate our unprecedented financial achievement during 2015, we, actually, have to thank and recognize those who have contributed in making these results and achieving these goals. Today, our Group has reached a distinguished level with regard to financial and operational performance. Its commercial brand significantly enhanced and its diversified investments steadily strengthened.
The past years ranging from 2013 till 2015, have witnessed many milestones as Ezdan moved forward to realize record growth in permanent proportions thanks to its wise leadership, and goal-seeking plans, which contributed to successfully overcome waves of challenges; despite of impacts and fluctuations of financial markets and investment sectors due to successive decline of oil price.
Although challenges we have faced, our profits exceeded QR 1.66 billion, i.e. representing an increase of 22% of growth compared to last year, the matter which motivates us to launch more projects, and discover promising opportunities that would enable us to achieve more liquidity and profits to the Group. Ultimately, the more profits we gain, the more spontaneous positive impact shall be reflected on our active communal performance.
In this context, it is my pleasure to disclose our vision of operational performance in the course of 2016; as we are in the process of launching three projects out of the largest investments of the Group, which will have huge outcome on profits during the next two years. These projects include the luxurious “Ezdan Palace” which located in a strategic area in Doha city, and two malls Ezdan Mall – Al Wakrah as well as Ezdan Mall – Al Wukair. The two malls have witnessed a large turnout pertaining to leasing requests. It is worth mentioning that such projects will enhance our operations turnovers.
During last year, our success comes thanks to the group applies a plan of upgrading the operational performance in its projects via executing a wide range development process for the existing assets In addition to extend scope of operations, the matter which reflects on an increase of dividends of the group.
We confidently assure you that such large growth in the annual profits will be a motive for Ezdan Holding Group, throughout the forthcoming years, to open up over more investment opportunities and explore all active factors to support and foster the Qatari economy. The Group is keen to enhancing levels of performance in sectors Ezdan massively invests in, the fact that will contribute in accelerating the development process pace of the State, and help revitalize the market, for the sake of surpassing global financial crises.
Allah Almighty is the Arbiter of Success
Mr. Ali Al Obaidli
Ezdan Holding Group