Latest news with #EstithmarHolding
Qatar Tribune
5 days ago
- Business
- Qatar Tribune
Bull run continues as QSE gains on strong foreign fund inflows
Satyendra Pathak Doha The bull run on the Qatar Stock Exchange (QSE) continued for yet another week, with the benchmark index gaining 102.09 points, or 0.91 percent, to close at 11,363.71 points. This sustained upward momentum reflects improving investor sentiment and strong foreign institutional buying, which have fueled a positive trend in the market over the past several weeks. The rally was broad-based, with major sectors and leading stocks contributing to the weekly gains. Market capitalisation saw a notable increase of 1.2 percent, reaching QR676.3 billion compared to QR668.3 billion at the close of the previous trading week. Of the 53 companies listed on the exchange, 33 ended the week in positive territory, while 20 posted losses. Estithmar Holding emerged as the best-performing stock during the week, with a sharp rise of 10.2 percent. In contrast, Qatar General Insurance & Reinsurance recorded the largest decline, falling by 4.9 percent. The main contributors to the index's weekly rise were Estithmar Holding, Qatar Electricity & Water Companyand Qatar Navigation, which added 11.54, 12.58, and 13.56 points to the index respectively. These gains highlight the strength in key sectors and investor confidence in some of the market's blue-chip stocks. Trading activity picked up momentum during the week. The total value of shares traded increased by 12.8 percent to QR2,232.7 million, up from QR1,979.2 million in the previous week. Trading volume also saw a substantial jump of 43.4 percent, reaching 1,042.3 million shares compared to 726.7 million shares a week earlier. The number of transactions rose by 28.6 percent to 115,170 from 89,525. Baladna was the most actively traded stock in terms of both value and volume, with a total traded value of QR252.5 million and a traded volume of 179.1 million shares. In terms of investor behavior, foreign institutions remained strongly bullish, ending the week with net buying of QR256.1 million, significantly higher than the previous week's QR157.1 million. Qatari institutions, however, continued to exhibit a bearish stance, registering net selling of QR28.0 million, up from QR3.2 million in the preceding week. Among retail investors, foreign individuals posted net selling of QR13.5 million, compared to QR10.3 million in the prior week. Qatari retail investors also increased their selling, with net outflows of QR214.6 million against QR143.6 million in the previous week. On a year-to-date basis, global foreign institutions have been net buyers of Qatari equities to the tune of $183.1 million, while GCC-based institutions have a net long position of $1.2 million. Commenting on the market's recent performance, Ramzi Qasmieh, Investment Manager at Qatar Securities Company, told Qatar News Agency that the general index has recorded a gain of more than 10 percent over the past seven weeks. He attributed this momentum largely to a noticeable influx of foreign liquidity, particularly into leading banking stocks. Notably, shares of QNB reached their highest level since May 2022 during the week, underlining the strength in the financial sector. Qasmieh also highlighted the sector-wise performance, noting that five out of seven sectors closed in the green. The transportation sector led with a gain of 2.27 percent, followed by the industrial sector, which rose by 1.68 percent. However, the insurance and telecommunications sectors ended the week in the red. The broader market benefited from renewed investor interest, with liquidity flowing into both leading and speculative stocks. The industrial segment, in particular, gained from the uptick in global prices of key products such as urea and aluminum. Among the week's top performers, Investment Holding Group stood out with a gain of 10.2 percent, while Baladna followed closely with an 8.2 percent increase. On the downside, shares in the insurance sector underperformed, with Qatar General Insurance and Reinsurance falling by 4.9 percent and AlKhaleej Takaful dropping by 2.2percent. The sustained rally and broad-based participation indicate a healthy outlook for the market, supported by foreign capital inflows and improving fundamentals. Analysts remain optimistic that the Qatar Stock Exchange will continue to benefit from strong investor interest, particularly in sectors tied to global commodity trends andfinancial services.
Qatar Tribune
5 days ago
- Business
- Qatar Tribune
Bull run continues as QSE advances on strong foreign fund inflows
Satyendra Pathak Doha The bull run on the Qatar Stock Exchange (QSE) continued for yet another week, with the benchmark index gaining 102.09 points, or 0.91 percent, to close at 11,363.71 points. This sustained upward momentum reflects improving investor sentiment and strong foreign institutional buying, which have fueled a positive trend in the market over the past several weeks. The rally was broad-based, with major sectors and leading stocks contributing to the weekly gains. Market capitalization increased by 1.2 percent, reaching QR676.3 billion, compared to QR668.3 billion at the close of the previous trading week. Of the 53 companies listed on the exchange, 33 ended the week in positive territory, while 20 posted losses. Estithmar Holding (IGRD) emerged as the best-performing stock during the week, with a sharp rise of 10.2 percent. In contrast, Qatar General Insurance & Reinsurance (QGRI) recorded the largest decline, falling by 4.9 percent. The main contributors to the index's weekly rise were Estithmar Holding, Qatar Electricity & Water Company (QEWS), and Qatar Navigation, which added 11.54, 12.58, and 13.56 points to the index, respectively. These gains highlight the strength in key sectors and investor confidence in some of the market's blue-chip stocks. page 6
Arab News
02-08-2025
- Business
- Arab News
Estithmar Holding reports record results for H1 2025
Revealing an exceptional performance across all key financial metrics, Estithmar Holding Q.P.S.C. has announced its financial results for the six-month period ending June 30, 2025. The company reported revenue of 3.07 billion Qatari riyals ($844 million), an 87 percent year-on-year increase. The gross profit soared by 134 percent to 1.05 billion Qatari riyals, while EBITDA rose 97 percent to 732 million Qatari riyals compared to H1 2024. The net profit reached 465 million Qatari riyals, up 97 percent year-on-year, while earnings per share doubled, reaching 0.13 Qatari riyals. While Estithmar Holding continues its upward trajectory in its financial and operational indicators across all its financial disclosures, this remarkable leap in results for H1 2025 is mainly attributed to increased revenue through its international expansions across its four sectors in Saudi Arabia, Iraq, Algeria, Libya, Maldives, Jordan, and Kazakhstan. The company's enhanced operational performance also underpinned an EBITDA of 732 million Qatari riyals, an increase of 97 percent, driven by disciplined financial and operational policies, which improved the profit margin. 'Our exceptional first half performance demonstrates the strength of our strategy. By focusing on value creation, sector leadership and disciplined capital allocation, we have delivered greater operational efficiency, robust revenue growth and margin expansion,' said Juan Leon, group CEO of Estithmar Holding. He added: 'Sustained and balanced growth across our four clusters remains central to our investment strategy. We continue to drive innovation and adopt advanced operational technologies. With a distinctive blend of capabilities and expertise, Estithmar Holding is well placed to deliver exceptional stakeholder value and extend our footprint globally.' Currently, Estithmar Holding's operations span seven countries in addition to Qatar. The health care sector has expanded to Algeria, developing the Algerian Qatari German Hospital, Iraq through the management of Al-Imam Al-Hassan Al-Mujtaba Hospital and Al-Nasiriyah Teaching Hospital in Karbala and Di-Qar governorates, and to Libya, managing Misrata Heart and Vascular Center. The real estate development and tourism division features major projects such as Rixos Baghdad Hotel and Residences in Iraq and the Rosewood Resort in the Maldives, both progressing at an accelerated pace. The services division has expanded its operations across Saudi Arabia, Iraq, Maldives, Libya, Jordan, and Kazakhstan, sustaining revenue growth through operational diversification and scale. Specialized contracting activities have also expanded in Saudi Arabia, having been awarded major projects such as Red Sea Airport, five hotels in Shura Island, Sindalah Yacht Club and others, besides projects in the Maldives, and Iraq. Record share performance Estithmar Holding's share showed robust and sustained upward momentum during H1 2025, climbing 77 percent. This indicates a transition from steady accumulation to a sharp upward trend, driven by increased investor confidence, ongoing profit growth, and the company's expansion activities. The company's share performance reflects its sound management and operational policies focused on enhancing investor value. This aligns with the company's long-standing commitments expressed in previous statements, alongside the launch of diversified projects and expansion initiatives.
Arabian Business
31-07-2025
- Business
- Arabian Business
Estithmar Holding net profit doubles to $128mn in H1 2025
Estithmar Holding Q.P.S.C. has announced financial results for the six months ending 30 June 2025, reporting a net profit of QAR 465 million, representing a 97 per cent increase compared to the same period in 2024. The Qatar-based investment company posted revenue of QAR 3.073 billion, marking an 87 per cent year-on-year increase. Gross profit reached QAR 1.054 billion, up 134 per cent from the previous year, whilst EBITDA rose 97 per cent to QAR 732 million. Earnings per share doubled to QAR 0.130, reflecting the company's performance across its four business sectors operating in seven countries beyond Qatar. The company attributed the increase in financial performance to revenue growth through international expansions across Saudi Arabia, Iraq, Algeria, Libya, Maldives, Jordan, and Kazakhstan. Juan Leon, Group CEO of Estithmar Holding, said: 'Our exceptional first‑half performance demonstrates the strength of our strategy. By focusing on value creation, sector leadership and disciplined capital allocation, we have delivered greater operational efficiency, robust revenue growth and margin expansion.' 'Sustained and balanced growth across our four clusters remains central to our investment strategy. We continue to drive innovation and adopt advanced operational technologies. With a distinctive blend of capabilities and expertise, Estithmar Holding is well‑placed to deliver exceptional stakeholder value and extend our footprint globally,' Leon added. View this post on Instagram A post shared by Estithmar Holding (@ The healthcare division has established operations in Algeria through the development of the Algerian Qatari German Hospital. In Iraq, the company operates and manages Al-Imam Al-Hassan Al-Mujtaba Hospital and Al-Nasiriyah Teaching Hospital in Karbala and Di-Qar governorates. The division also manages Misrata Heart and Vascular Center in Libya. The real estate development and tourism division is progressing with projects including Rixos Baghdad Hotel & Residences in Iraq and the Rosewood Resort in the Maldives. The services division has expanded operations across Saudi Arabia, Iraq, Maldives, Libya, Jordan, and Kazakhstan, maintaining revenue growth through operational diversification. Contracting activities have expanded in Saudi Arabia with projects including Red Sea Airport, five hotels in Shura Island, and Sindalah Yacht Club. The division also operates projects in the Maldives and Iraq. Estithmar Holding's share price increased 77 per cent during the first half of 2025. The company stated this performance reflects management and operational policies focused on enhancing investor value, supported by profit growth and expansion activities.
Zawya
31-07-2025
- Business
- Zawya
Estithmar Holding reports record half-year results for 2025
Driven by international expansions Saudi Arabia | Maldives | Iraq | Algeria | Libya | Jordan | Kazakhstan Doha: Revealing an exceptional performance across all key financial metrics, Estithmar Holding Q.P.S.C. announced its financial results for the six-month period ended 30 June 2025, following board approval. The company reported revenue of QAR 3.073 billion, an 87% year-on-year increase. Gross profit soared by 134% to QAR 1.054 billion, while EBITDA rose 97% to QAR 732 million compared to H1 2024. Net profit reached QAR 465 million, up 97% year-on-year, while earnings per share (EPS) doubled, reaching QAR 0.130. While Estithmar Holding continues its upward trajectory in its financial and operational indicators across all its financial disclosures, this remarkable leap in results for H1 2025 is mainly attributed to increased revenue through its international expansions across its 4 sectors in Saudi Arabia, Iraq, Algeria, Libya, Maldives, Jordan, and Kazakhstan. The company's enhanced operational performance also underpinned an EBITDA of QR 732 million, an increase of 97%, driven by disciplined financial and operational policies, which improved the profit margin. "Our exceptional first‑half performance demonstrates the strength of our strategy. By focusing on value creation, sector leadership and disciplined capital allocation, we have delivered greater operational efficiency, robust revenue growth and margin expansion' Juan Leon, Group CEO of Estithmar Holding commented, and added,' Sustained and balanced growth across our four clusters remains central to our investment strategy. We continue to drive innovation and adopt advanced operational technologies. With a distinctive blend of capabilities and expertise, Estithmar Holding is well‑placed to deliver exceptional stakeholder value and extend our footprint globally." Currently, Estithmar Holding's operations span 7 countries in addition to Qatar. Healthcare sector has expanded to Algeria, developing the Algerian Qatari German Hospital, Iraq through operating and management of Al-Imam Al‑Hassan Al‑Mujtaba Hospital and Al‑Nasiriyah Teaching Hospital in Karbala and Di-Qar governorates, and to Libya managing Misrata Heart and Vascular Center. The real estate development and tourism division features major projects such as Rixos Baghdad Hotel & Residences in Iraq and the Rosewood Resort in the Maldives, both progressing at an accelerated pace. The services division has expanded its operations across Saudi Arabia, Iraq, Maldives, Libya, Jordan, and Kazakhstan, sustaining revenue growth through operational diversification and scale. Specialized contracting activities have also expanded in Saudi Arabia; awarded major projects such as Red Sea Airport, 5 hotels in Shura Island, Sindalah Yacht Club and others, besides projects in the Maldives, and Iraq. Record Share Performance Estithmar Holding's share showed robust and sustained upward momentum during H1 2025, climbing 77%. This indicates a transition from steady accumulation to a sharp upward trend, driven by increased investor confidence, ongoing profit growth, and the company's expansion activities. The company's share performance reflects the sound management and operational policies focused on enhancing investor value. This aligns with the company's long‑standing commitments expressed in previous statements, alongside the launch of diversified projects and expansion initiatives.
