Sheikh Thani bin Abdullah al-Thani: Ezdan chairman

Ezdan Real Estate has topped the list of the largest real estate companies in the Gulf Co-operation Council (GCC) region in a selection made by Argaam, a business and market portal.
The list comprises 100 largest companies of the GCC region, based on their market capitalisation and profits in the year-end results.
Overall, Ezdan Real Estate, which was a diamond sponsor of the recently concluded Arab Games and created a world-class Athletes’ Village for more than 6,000 athletes and officials, was placed at the eighth spot in the 100 list.
According to the assets and net profit, Ezdan is the third largest company from Qatar after Qatar National Bank (QNB) and Industries Qatar.
“It is quite remarkable for Qatar that its 20 companies have found spots in the prestigious list of the top 100 in the GCC region,” Ezdan said.
Two Saudi Arabian companies – Saudi Basic Industries Corporation and Al Rajhi Bank – occupy the top two places, followed by Qatar’s QNB and Industries Qatar. Abu Dhabi’s Emirates Telecom holds the fifth spot.
Ezdan Real Estate property in West Bay
Ezdan Real Estate chairman Sheikh Thani bin Abdullah al-Thani said: “The company has been setting new landmarks in performance. It is a matter of great pride that our company has been adjudged as the best real estate company in the GCC region by the reliable and prestigious Argaam website.
“The rating reflects our commitment to produce high-quality work, the will to beat odds and achieve great results. We want to share this good news with all our shareholders, who have been showing their faith in us. This will go a long way in encouraging us to double up our efforts to work with more dedication and sustain the pace of progress.”
Ezdan Real Estate’s worth rose to QR32.8bn during January to September 2011, as compared to QR31.9bn in 2010.
Financial Times had classified Ezdan Real Estate, along with QNB and Industries Qatar, among the largest 500 global companies in the world on the basis of its market capitalisation in September 2011.
Overall, seven companies were classified in the Financial Times Global 500 from the North Africa and Middle East region and Ezdan was the only real estate developer among those big players.
In October 2011, Ezdan Real Estate earned the ISO 2008-9001 certification from famed TUV Rheinland from Germany for maintaining high standards of quality and management.
The Arabian Business adjudged Ezdan Real Estate as the “Best Company” in its annual function held in Doha, for its wonderful execution of the planning and results.

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