Qatar – Mubasher: National Leasing Holding (Al Ijarah Holding) announced selling a piece of property in Al-Aziziyah neighbourhood in Qatar for QAR 130 million ($35.7 million), the company said in a filing to the Qatar Exchange (QE) on Sunday.

The company recently signed a QAR 125 million agreement with Imperial Trading and Contracting Company (ITCC) to develop a 100,000 square-metre industrial land.    

National Leasing reported a 47.2% drop in its profit to QAR 43 million in FY14 compared to QAR 81.4 million in FY13. 

The company’s capital amounts to QAR 494.8 million divided on 49.48 million shares at par value of QAR 10 per share.