Latest news with #JuanLeon
Yahoo
13-05-2025
- Business
- Yahoo
Coinbase Shares Jump 8% on S&P 500 Inclusion
Crypto exchange Coinbase (COIN) surged over 8% on Monday after market closing on news that the stock will be included in the broad-market S&P 500 stock index. The company would replace Discover Financial starting on May 19, according to an S&P press release. Discover Financial is being acquired by Capital One. The S&P 500 tracks 500 of the largest publicly traded companies in the U.S. across several sectors, including tech, healthcare, finance and more. Prominent names in the index include Apple, Microsoft, Amazon and Google. COIN, at a market cap of nearly $53 billion, currently trades on the Nasdaq exchange. The inclusion would be a significant milestone for the digital asset industry, giving millions of average investors and model portfolios exposure to a crypto-focused company. "COIN about to be in every portfolio in America," Juan Leon, senior investment strategist at asset manager Bitwise, said in an X post. "The S&P 500 inclusion is going to force 7x the daily trading volume into [the] stock." Shares of the company jumped to as high as $225 following the reports, up 8.6% in post-market hours and adding to the nearly 4% gain on Monday. UPDATE (May 12, 21:50 UTC): Adds analyst comment, detail about Capital One acquiring Discover Financial. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
21-04-2025
- Business
- Business Wire
Estithmar Holding Reports an Exceptional 50% Surge in Net Profit to QAR 170 Million
DOHA, Qatar--(BUSINESS WIRE)--Estithmar Holding Q.P.S.C. announced a net profit of QAR 170 million for Q1 2025, reflecting a 50% increase compared to the same period last year. The company highlighted a 64% surge in revenue, reaching QAR 1.3 billion compared to QAR 797 million in Q1 2024. Gross profit rose to QAR 416 million, from QAR 196 million in Q1 2024. EBITDA reached QAR 273 million, marking a 53% increase. Earnings per share also grew by 57%, reaching QAR 0.047. These strong financial indicators reflect the efficiency of Estithmar Holding's investment strategy. International projects previously announced by Estithmar Holding started to have a tangible impact on its financial performance in revenue, profits and assets. The results reflect the achievement of a strategic objective: a balanced contribution to profits and revenues from all four Clusters—Healthcare, Services, Tourism & Real Estate Development, and Contracting & Industries. The Healthcare cluster posted significant growth in Q1 2025 driven by the cluster's hospitals outside Qatar which contributed to revenue as new income streams, including Imam Al-Hassan Al-Mujtaba Hospital in Karbala, Al-Nasiriyah Teaching Hospital in Dhi Qar, Iraq, and Misrata Heart & Vascular Center in Libya. Moreover, the growing number of Hospitals outside Qatar in Iraq, Algeria and Libya reflects the confidence that governments across the MENA region have placed in the quality of services provided by Apex Health, the healthcare subsidiary of Estithmar Holding. The Services cluster maintained leadership in Qatar, especially in Facilities Management and Catering. Expansion into KSA, Jordan and Iraq also significantly contributed to the Cluster's profitability and the development of new income streams. The Tourism & Real Estate Development cluster stayed on track with project delivery, including Rixos Baghdad (Iraq) and Rosewood Maldives Resort, driving a QAR 600 million increase in company assets in Q1 2025. Additionally, enhanced efficiency boosted profitability in existing projects, Lusail Winter Wonderland and Al Maha Island. The Contracting & Industries cluster also made a notable contribution to revenue and profit growth, especially at the peak phase of project deliveries in the Kingdom of Saudi Arabia, including major projects such as the Red Sea Airport and the Yacht Club. The Cluster also secured new projects with Saudi PIF companies and improved local operational efficiency, enhancing profitability in Qatar. Overall, Estithmar Holding's Q1 2025 results highlight sustained growth aligned with its strategy to increase shareholder value on the short and the long term. Group CEO Mr. Juan Leon stated: 'The exceptional rise in all financial indicators reflects the dedication of Estithmar's team, and I look forward to working closely with them to build on Estithmar Holding's growth story in Qatar and abroad. Analyzing these results, Estithmar Holding has demonstrated the ability to deliver sustained, diversified growth—both vertically and horizontally—paving the way for further expansion as investor confidence strengthens and our footprint continues to grow both locally and internationally.'
Associated Press
21-04-2025
- Business
- Associated Press
Estithmar Holding Reports an Exceptional 50% Surge in Net Profit to QAR 170 Million
DOHA, Qatar--(BUSINESS WIRE)--Apr 21, 2025-- Estithmar Holding Q.P.S.C. announced a net profit of QAR 170 million for Q1 2025, reflecting a 50% increase compared to the same period last year. The company highlighted a 64% surge in revenue, reaching QAR 1.3 billion compared to QAR 797 million in Q1 2024. Gross profit rose to QAR 416 million, from QAR 196 million in Q1 2024. EBITDA reached QAR 273 million, marking a 53% increase. Earnings per share also grew by 57%, reaching QAR 0.047. This press release features multimedia. View the full release here: Estithmar Holding Reports an Exceptional 50% Surge in Net Profit to QAR 170 Million (Infographic: AETOSWire) These strong financial indicators reflect the efficiency of Estithmar Holding's investment strategy. International projects previously announced by Estithmar Holding started to have a tangible impact on its financial performance in revenue, profits and assets. The results reflect the achievement of a strategic objective: a balanced contribution to profits and revenues from all four Clusters—Healthcare, Services, Tourism & Real Estate Development, and Contracting & Industries. The Healthcare cluster posted significant growth in Q1 2025 driven by the cluster's hospitals outside Qatar which contributed to revenue as new income streams, including Imam Al-Hassan Al-Mujtaba Hospital in Karbala, Al-Nasiriyah Teaching Hospital in Dhi Qar, Iraq, and Misrata Heart & Vascular Center in Libya. Moreover, the growing number of Hospitals outside Qatar in Iraq, Algeria and Libya reflects the confidence that governments across the MENA region have placed in the quality of services provided by Apex Health, the healthcare subsidiary of Estithmar Holding. The Services cluster maintained leadership in Qatar, especially in Facilities Management and Catering. Expansion into KSA, Jordan and Iraq also significantly contributed to the Cluster's profitability and the development of new income streams. The Tourism & Real Estate Development cluster stayed on track with project delivery, including Rixos Baghdad (Iraq) and Rosewood Maldives Resort, driving a QAR 600 million increase in company assets in Q1 2025. Additionally, enhanced efficiency boosted profitability in existing projects, Lusail Winter Wonderland and Al Maha Island. The Contracting & Industries cluster also made a notable contribution to revenue and profit growth, especially at the peak phase of project deliveries in the Kingdom of Saudi Arabia, including major projects such as the Red Sea Airport and the Yacht Club. The Cluster also secured new projects with Saudi PIF companies and improved local operational efficiency, enhancing profitability in Qatar. Overall, Estithmar Holding's Q1 2025 results highlight sustained growth aligned with its strategy to increase shareholder value on the short and the long term. Group CEO Mr. Juan Leon stated: 'The exceptional rise in all financial indicators reflects the dedication of Estithmar's team, and I look forward to working closely with them to build on Estithmar Holding's growth story in Qatar and abroad. Analyzing these results, Estithmar Holding has demonstrated the ability to deliver sustained, diversified growth—both vertically and horizontally—paving the way for further expansion as investor confidence strengthens and our footprint continues to grow both locally and internationally.' *Source: AETOSWire View source version on CONTACT: Nesrine Nacef [email protected] KEYWORD: EUROPE QATAR MIDDLE EAST INDUSTRY KEYWORD: PROFESSIONAL SERVICES HOSPITALS TRANSPORTATION LODGING DESTINATIONS ENTERTAINMENT TRAVEL THEME PARKS COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY HEALTH MARITIME AIR TRANSPORT BUILDING SYSTEMS OTHER HEALTH CONSULTING SOURCE: Estithmar Holding Q.P.S.C. Copyright Business Wire 2025. PUB: 04/21/2025 03:03 PM/DISC: 04/21/2025 03:03 PM
Zawya
09-04-2025
- Business
- Zawya
Estithmar Holding QPSC appoints new Group CEO
Doha, Qatar: Estithmar Holding announces the resignation of Mohammed bin Bader Al-Sada as the Group Chief Executive Officer. The Board of Directors has appointed Juan Leon as his successor, with full executive authority as Group CEO, effective April 9, 2025, during the Board of Directors meeting held today. The Board of Directors expressed their confidence in Leon's appointment, emphasizing his ability to lead the company through a new phase of growth, building upon the remarkable achievements of Estithmar Holding since its inception. Juan Leon brings over 25 years of experience across diverse sectors, including Healthcare, Real Estate, Services, Information and Communication Technology (ICT), Media and major sports events. He has held a wide range of senior and managerial roles spanning key corporate functions such as sales, operations, compliance, and governance, consistently driving business growth, strategic transformation, and operational excellence. Leon completed advanced executive education at Harvard Business School – Advanced Management Program (AMP) and HEC Paris – Global Executive in Business Management. The Board of Directors of Estithmar Holding expressed their gratitude to Mohammed bin Badr Al-Sada, during his tenure as Group CEO the company achieved numerous milestones, featuring an increasing investment value for shareholders, geographical expansion, diversified investments, in addition to a remarkable leap in the company's financial performance. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
Yahoo
02-04-2025
- Business
- Yahoo
Bitcoin ETFs Could See $3B in Q2 Inflows Even Without Price Recovery, Says Analyst
The spot bitcoin ETFs saw sizable inflows in the first quarter despite the lame price action and at least one analyst sees the next three months as even bigger even if the prices don't recover. 'Even if current market conditions persist in the second quarter, we are seeing strong traction from financial advisors and institutional investors," said Juan Leon, senior investment strategist at Bitwise (whose BITB is among the bitcoin ETFs). "While retail interest is weak due to the fixation on price action, professional investors are recognizing the global adoption momentum spurred by the Trump administration's embrace of bitcoin, and many are seeing these market conditions as an opportunity to start or increase an allocation," Leon added. The ETFs saw over $1 billion in inflows in the first quarter of the year despite a challenging macro situation that sent the S&P 500 Index into its biggest quarterly loss since 2022 and bitcoin's 13% plunge. Leon expects inflows to be even stronger in the second quarter — as much as $3 billion or even more as wirehouse platforms unlock and legislative policy progresses. ETF inflows possibly less than meets the eye The $1 billion in first quarter net flows — and whatever the second quarter brings — doesn't necessarily reflect investor interest in buying the bitcoin dip. That's because of the so-called basis trade (also known as cash-and-carry). In this, institutional players buy the spot bitcoin ETF while shorting CME bitcoin futures, picking up yield without exposure to price movement. That yield was well into the double-digits in late 2024 and remained nicely above the risk-free rate throughout much of the first quarter. It's collapsed to the 5% area of late, suggesting arbitrage-related ETF inflows may dry up. Back to bull case: It's still early 'While a favorable price environment would certainly be a boost, it's important to remember that adoption of spot bitcoin ETFs by these groups is still in its infancy," said Nate Geraci, president of the ETF Store, who is also bullish on the outlook for inflows throughout the rest of the year.. "As they grow more comfortable allocating to bitcoin, this should provide a meaningful tailwind for inflows,' he added.., While many institutions have indeed already made their first allocations into bitcoin in the past year, it represents only a small fraction of ETF investment, with most of the money still coming from retail investors — something recently noted by BlackRock CEO Larry Fink, whose IBIT is the asset-gathering leader among the spot ETFs. The more favorable regulatory stance toward the industry, not to mention the government's own potential allocation into bitcoin, however, means that ratio could soon shift significantly. During an ETF conference in Las Vegas earlier this month, a survey showed that 57% of advisors plan on increasing their allocations into crypto ETFs this year as crypto has lost its 'reputational risk' attribute among advisors. The view that bitcoin could serve as a 'safe haven' in times of an economic decline, which investors remain anxious about, could also boost confidence in the asset, especially as fears of a potential recession grow. 'If we see continued rate cut expectations, signs of economic uncertainty, or deepening fears of a potential recession in the US, Bitcoin's role as 'digital gold' will likely support additional inflows,' said David Siemer, CEO of Wave Digital Assets. 'While some short-term traders may rotate out if price weakness persists, long-term players will continue to keep inflows strong, especially as institutional adoption takes off and drives demand throughout the year."
