Ezdan Holding Group QPSC (ERES)

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News

13 April 2019 03:04 PM Ezdan Holding profit catapults in 3M

Mubasher: Ezdan Holding Group reported a 163.7% year-on-year profit hike during the first quarter of 2019, according to a bourse statement. The Qatar-listed company’s profit surged to QAR 272.44 million ($75.35 million) in Q1-19 versus QAR 103.31 …

Financial Results

19 March 2019 00:32 PM Ezdan Holding’s EGM approves stock split

Mubasher: Ezdan Holding Group on Tuesday announced the split of the share’s nominal value to QAR 1 from QAR 10 during an extraordinary general meeting (EGM) held on the previous day. The Qatari firm’s EGM also approved amending its articles of …

Real estate

19 March 2019 10:36 AM Ezdan Holding’s profit falls 74% in 2018

Mubasher: Ezdan Holding Group on Tuesday reported turning to loss of QAR 29.73 million ($8.25 million) in the fourth quarter of 2018, compared to a profit of QAR 280 million ($77.7 million) in the corresponding period a year earlier. For the …

Financial Results

30 October 2018 11:49 AM Ezdan Holding’s profit tumbles 84% in Q3

Mubasher: Ezdan Holding Group posted an 83.9% year-on-year drop in profits for the third quarter of 2018. Net profits amounted to QAR 41.17 million in Q3-18, compared to QAR 256.06 million in Q3-17, according to the company’s statement to the …

Financial Results

1 October 2018 02:31 PM Moody’s withdraws Ezdan Holding’s credit rating

Mubasher: Ezdan Holding Group on Monday announced that Moody’s credit agency has withdrawn the group’s credit rating and sukuk programme which was at “B1”. The US-based credit ratings agency's decision came after Ezdan provided an insufficient …

Ratings

5 September 2018 07:30 PM Moody's withdraws Ezdan Holding ratings

Mubasher: Moody's Investors Service withdrew Ezdan Holding Group B1 corporate family rating (CFR), Ezdan Sukuk Company Limited's B1 senior unsecured MTN program rating and the associated senior unsecured debt instruments with B1 rating of Ezdan …

Ratings

18 July 2018 09:43 AM Ezdan Holding Group logs QAR 320m profit in Q2

Mubasher: Ezdan Holding Group on Wednesday reported a 52.5% year-on-year profit surge in the second quarter of 2018. Ezdan's net profits amounted to QAR 320.11 million ($88.4 million) in the period between April to June, compared to QAR 209.85 …

Financial Results

1 May 2018 10:40 AM Ezdan Q1 profit plunges 89.2%

Mubasher: Ezdan Holding Group reported an 89.2% year-on-year decline in net profit for the first quarter of 2018, recording QAR 102.2 million ($28.07 million) from QAR 944.7 million ($259.5 million). Earnings per share (EPS) amounted to QAR 0.04 …

Financial Results

24 January 2018 11:03 PM Ezdan profits down 46% in Q4

Mubasher: Ezdan Holding Group reported a decline in profits for the fourth quarter of 2017 by 45.6% year-on-year, according to a bourse filing. Profits reached QAR 282.6 million in Q4-17, compared to QAR 619.4 million, for the same period last …

Financial Results

30 May 2017 11:32 AM Ezdan stock falls to 8-yr low

Doha – Mubasher: Ezdan Holding Group’s stock on Tuesday slid 9.94% to QAR 12.05, registering its lowest level in eight years. By 11:16 am Qatar time, the stock acquired an 81% stake of the real estate sector’s liquidity and a 29% stake of the …

Trading Activities

25 May 2017 08:37 AM Ezdan to become private joint stock company

Doha – Mubasher: Ezdan Holding Group said its extraordinary general meeting (EGM) approved to turn from a public shareholding company into a private joint stock one, according to a statement. The shareholders authorised the board to appoint …

Corporate Actions

18 May 2017 02:56 PM Ezdan, Ethiopia ink MoU for realty projects

Doha – Mubahser: Ezdan Holding Group on Thursday announced signing a memorandum of understanding (MoU) with Ethiopian officials to start working on and establishing a multi-purpose real estate project in the Ethiopian capital, Addis Ababa. …

Management Decisions

9 May 2017 10:40 AM QSE-listed real estate companies profits up 9% in Q1

By: Aml Hosny Doha – Mubasher: The profits of four real estate companies listed on the Qatar Stock Exchange (QSE) grew 9.2% year-on-year in the first quarter of 2017. United Development Company, Barwa Real Estate, Ezdan Holding Group, and Mazaya …

Financial Results

9 May 2017 10:04 AM Ezdan to postpone EGM to 24 May

Doha – Mubasher: Ezdan Holding Group postponed its extraordinary general meeting to 24 May, instead of 23 May, according to a filing to the Qatar Stock Exchange (QSE) on Tuesday. In case of incomplete quorum, this EGM will be postponed to 31 May, …

General Assembly

1 May 2017 09:20 AM Ezdan profits rise 62% in Q1

Doha – Mubasher: Ezdan Holding Group reported achieving an increase of 62% in its profits for the first quarter of 2017, compared to the same quarter of 2016. Profits rose to QAR 945.971 million ($259.66 million) in Q1-17 from QAR 586.650 million …

Financial Results

17 April 2017 08:35 AM Ezdan Holding to pay QAR 0.50/shr for FY16

Mubasher: The ordinary general meeting (OGM) of Ezdan Holding Group on Sunday approved the recommendation of distributing 5% of the capital or 50 dirhams per share as a cash dividend for fiscal year 2016, according to a bourse statement issued on …

Corporate Actions

11 April 2017 11:11 AM Ezdan Holding to discuss Q1 financials 30 April

Doha – Mubasher: Ezdan Holding Group will announce the financial statements of the first quarter in 2017 on 30 April, according to the company’s statement on Tuesday to the Qatar Stock Exchange (QSE). Profits stood at QAR 520 million in Q4-16, …

Financial Results

2 April 2017 09:57 AM Ezdan 2nd sukuk issuance fully covered

Doha - Mubasher: Ezdan Holding Group on Sunday announced that the second stage of its $500 million Sharia-compliant sukuk issue has been covered. The sukuk offering was "issued at par with a profit rate of 4.875%, representing a spread of 295 bps …

Sukuk and Islamic Finance

28 March 2017 09:45 AM Ezdan Holding to discuss 5% dividends 14 April

Mubasher: Ezdan Holding Group said its shareholders will discuss the board’s proposal to distribute 5% dividends, or QAR 50 per share, for fiscal year 2016, according to a statement. The shareholders’ meeting will be postponed to 30 April in case …

Event

22 March 2017 09:31 AM Ezdan Holding picks banks for sukuk issue

Doha – Mubasher: Ezdan Holding Group mandated a number of global and UAE banks to arrange a sukuk issue, according to a bourse statement. The company chose HSBC and Mashreq Bank as joint global coordinators, and Dubai Islamic Bank (DIB), Emirates …

Sukuk and Islamic Finance

1 March 2017 09:53 AM Ezdan Holding Q4 profits increase 18%

Doha – Mubasher: Ezdan Holding Group’s net profit for the fourth quarter of fiscal year 2016 rose 18.2% to QAR 520 million ($142.7 million), versus QAR 440 million ($120.7 million) for Q4-15. Net profit for FY16 amounted to QAR 1.81 billion, 12.5% …

Cash Dividends

3 January 2017 00:33 PM Court dismisses lawsuit filed by Ezdan’s unit against Investors

Doha – Mubasher: Qatari Investors Group said Tuesday that the lawsuit filed by Al-Ruba Al-Khali Trading and Services Company, a subsidiary of Ezdan Holdings, against the group was dismissed. The lawsuit was filed against some board members of the …

Law

2 January 2017 11:39 AM Ezdan unit’s lawsuit against Qatari Investors dismissed

Doha – Mubasher: A Qatari court dismissed a lawsuit filed by Ethmar Company for Trading and Construction, s subsidiary of Ezdan Holdings, against Qatari Investors Group. The lawsuit was filed to challenge the validity of transferring 15 million …

Law

29 December 2016 11:18 AM Ezdan’s lawsuit against Investors dismissed

Doha – Mubasher: Qatari Investors Group said Thursday that it has won a judgment in its favour in the lawsuit filed by Ezdan Holding Group and its subsidiaries against the group. Ezdan and its subsidiaries requested to cancel the resolution of the …

Law

7 December 2016 02:57 PM Ezdan signs $460 syndicated loan with Al Mashreq Bank

Doha – Mubasher: Ezdan Holding Group announced on Wednesday the signing of a syndicated loan worth $460 Million with Al Mashreq Bank as lead manager for a period of 8 years, according to a bourse filing.

Banking and Finance