Al-Obaidli: Echoing the success of the group.
Ezdan Holding Group has won the “Property Company of the Year 2015” award from Arabian Business magazine in recognition of its significant contribution to the growth of Qatar’s real estate market.
During a ceremony held at the Grand Hyatt Doha, 12 awards were given to other industry players in the fields of business, telecommunications, retail, and banking.
Ezdan Holding Group CEO Ali al-Obaidli said: “The award echoes the success of the group. This award is a major achievement in the real estate sector and in the world of finance and business, as well as other investment sectors where the group has pumped capital.”
According to Arabian Business Qatar magazine, Ezdan Holding Group holds a leading position in the list of the 30 most prominent companies based on market value. The magazine said Ezdan Holding came third with a market value of about QR48.2bn ($13.2bn).
Earlier this year, the group won “The Best Qatari Company in Investment Diversification” from Forbes’ list of the most powerful Arab companies during a ceremony held recently.
The group was also recognised by Forbes as the strongest real estate investment group in Qatar.
Ezdan group also plans to inaugurate a number of projects like the Ezdan Mall Al Wukair before the end of the year and Ezdan Mall Al Wakrah early next year. These projects are expected to contribute to the group’s ongoing profit growth, while pushing forward shopping and entertainment sectors in Al Wakrah and Al Wukair areas.
These mall projects coincide with the group’s plan to promote the tourism sector through a clear hospitality strategy to support activities and events hosted by Qatar.
The group also announced plans to open Ezdan Palace, a 210-deluxe room hotel located along Al Shamal road, and the implementation of a “comprehensive refurbishment” of its tower hotels in Doha.
In addition, the group is part of the management of Curve Hotel, which stands on a 64,000sq m area and consists of 24 floors and 600 apartments with an estimated total cost of QR224mn.
In 2014, Ezdan Holding Group’s profits grew 27% to QR1.36bn compared to QR1.071bn a year ago.
In the first half of 2015, the group’s profits reached QR858.2mn, a 20% increase compared to QR718.1mn recorded in the same period last year.
