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Sector News

Moody's has decided to withdraw the ratings for its own business reasons
28 April 2019 01:10 PM Moody's withdraws International Bank of Qatar’s rating
Mubasher: Moody's Investors Service has withdrawn the credit ratings placed to International Bank of Qatar (IBQ), following the completion of the legal merger with Barwa Bank on 21 April 2019. Upon the merger deal, all assets and liabilities of …
Mergers and Acquisitions
EPS increased to QAR 0.1
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
The Qatari firm plans to increase its real estate portfolio
21 March 2019 11:03 AM Barwa Real Estate’s OGM approves QAR 2.5/shr dividends for 2018
Mubasher: Barwa Real Estate announced that its shareholders had approved distributing a cash dividend of QAR 2.5 per share, for the fiscal year ended 31 December 2018 during an ordinary general meeting (OGM) held on Wednesday. The Qatari firm …
Company News
The Qatari firm’s EGM raised its capital to QAR 26.525 billion, distributed over 26.525 billion shares
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 …
General Assembly
Ezdan’s board of directors recommended not to distribute cash dividends for fiscal year 2018
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
The seven-year agreement aims to finance part of Barwa's capital expenditures
27 February 2019 05:46 PM Barwa Real Estate inks QAR 800m financing deal
Mubasher: Barwa Real Estate on Wednesday announced signing a financing deal worth QAR 800 million ($221 million) with a local bank. The seven-year agreement aims to finance part of the property firm's capital expenditures during 2019, Barwa Real …
Banking and Finance
Barwa Real Estate recommended 25% cash dividends for FY18
26 February 2019 10:04 AM Barwa Real Estate Q4 profits surge 73%; dividends proposed
Mubasher: Barwa Real Estate achieved an increase of 73% in profits during the fourth quarter of 2018 compared to the same period last year. Earnings soared to QAR 827 million ($229.2 million) in Q4-18 compared to QAR 478 million ($132.5 million) …
Real estate
The deal aims to finance part of the Qatari firm’s capital expenses
13 February 2019 10:27 AM Barwa Real Estate inks QAR 1.2bn financing deal
Mubasher: Barwa Real Estate on Wednesday announced signing a QAR 1.2 billion ($332 million) financing agreement with a Qatari local bank. The seven-year deal aims to finance part of the Qatari firm’s capital expenses in 2019, the company said in a …
Banking and Finance
The annual profit drop was due to the 19.7% decrease in UDC’s revenues
6 February 2019 04:50 PM United Development’s profit falls 7% in 2018; board proposes 10% dividends
Mubasher: United Development Company (UDC) reported a 13.3% year-on-year profit increase for the fourth quarter of 2018. UDC’s profits amounted to QAR 116.1 million ($32.1 million) in Q4-18, compared to QAR 102.5 million ($28.39 million) in Q4-17, …
Financial Results
The step comes in line with the company’s policy to join projects and transactions with a suitable income
23 December 2018 09:59 AM Mazaya Real Estate considers merger with Al Bandari
Mubasher: Mazaya Real Estate Development Company on Sunday announced that it will study a merger deal with Al-Bandari Real Estate Company, one of the leading real estate companies in Qatar. The company’s board agreed upon starting the study and …
Companies Investments
Net profits amounted to QAR 41.17 million in Q3-18
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
EPS recorded QAR 2.78 for the three-month period ended September
29 October 2018 10:37 AM Barwa’s profit falls 10% in Q3
Mubasher: Barwa Real Estate posted a 10% year-on-year profit drop for the third quarter of 2018. Net profits amounted to QAR 279.3 million in Q3-18, compared to QAR 310.04 million in Q3-17, according to the company’s statement to the Qatar Stock …
Financial Results
EPS amounted to QAR 0.19 for the nine-month period ended September
25 October 2018 11:32 AM Mazaya Qatar’s Q3 profit rises 42%
Mubasher: Mazaya Qatar Real Estate Development Company posted a 41.8% year-on-year increase in profits for the third quarter of 2018. Net profits amounted to QAR 5.9 million in Q3-18, compared to QAR 4.2 million in Q3-17, according to the …
Financial Results
EPS amounted to QR 1.09 in Q3-18
17 October 2018 03:12 PM Qatar’s UDC logs QAR 385m profit in Q3
Mubasher: United Development Company (UDC) on Wednesday reported a profit decline during the third quarter of 2018. Net profits amounted to QAR 358 million in Q3-18, compared to QAR 436 million in Q3-17, according to a filing to the Qatar Stock …
Financial Results
The agreement’s total cost amounted to QAR 501.64 million
2 October 2018 10:49 AM Barwa Al-Sadd acquires 75% of Millennium Plaza Hotel
Mubasher: Barwa Real Estate Company on Tuesday announced that its fully owned subsidiary, BARWA Al-Sadd Company, has signed an agreement to purchase 75% of Millennium Plaza Hotel. BARWA Al-Sadd will also buy the Wellness Center located at BARWA …
Companies Investments
The decision came after Ezdan provided an insufficient information to support the maintenance of the ratings
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
Photo Archive
15 September 2018 06:55 PM First Finance launches new branch
Mubasher: First Finance Company (FFC), a subsidiary of Barwa Bank Group, has announced the opening of its new branch located at “Mawater City”. The new branch aims to facilitate car purchases and easy access of finance for individuals, and to be a …
Companies Investments
Photo Archive
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
Foreign ownership limit in the Qatar firm will reach 190.67 million shares
16 August 2018 04:44 PM QCSD raises non-Qatari ownership limit of Barwa Real Estate to 49%
Mubasher: Qatar Central Securities Depository (QCSD) on Thursday announced that it has amended non-Qatari ownership limit in Barwa Real Estate to 49%. Foreign ownership limit in the Qatar firm will reach 190.67 million shares, according to a …
Corporate Actions
Mazaya’s profits levelled up 20.5% to QAR 16.21 million in H1-18
14 August 2018 11:06 AM Mazaya Qatar logs QAR 22.53 profit in Q2-18
Mubasher: Mazaya Qatar Real Estate on Tuesday reported a 167.3% year-on-year hike in its profits for the second quarter of 2018. Net profits amounted to QAR 22.53 million ($6.23 million) in Q2-18, compared to QAR 8.43 million ($2.33 million) in …
Financial Results
EPS amounted to QAR 2.07 in H1-18
25 July 2018 09:13 AM Barwa profit falls 12% in H1
Mubasher: Barwa Real Estate posted an 8% year-on-year increase in its operating revenues during the first six months of 2018, while net profits  (attributable to shareholders) fell 12%. Barwa logged a net profit of QAR 804 million during the …
Real estate
Al Mutahidah Towers, The Pearl Qatar by UDC
18 July 2018 03:45 PM Qatar’s UDC logs QAR 260m profits in 6M
Mubasher: United Development Co (UDC) on Wednesday posted a decline in profits for the first six months of 2018. The firm registered QAR 260 million in profits, attributable to shareholders, between January and June, down from QAR 284 million in …
Real estate
EPS amounted to QAR 0.16 in Q2-18
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
Mazaya Qatar not to acquire Tornado Tower
12 July 2018 10:52 AM Mazaya Qatar not to acquire Tornado
Mubasher: Mazaya Qatar Real Estate Development on Thursday announced that its subsidiary Granada Real Estate Investment Company has reached a final agreement with the two companies owning Tornado Company, whereby it will not proceed with its …
Corporate Actions
Barwa noted that Alaqaria has constructed these projects to be leased to QP
11 July 2018 04:56 PM Barwa inks QAR 670m financial leasing deals with QP
Mubasher: Barwa Real Estate, a fully owned subsidiary Qatar Real Estate Investments Company “Alaqaria”, on Wednesday announced signing contract termination and discharge release for two financial leasing agreements with Qatar Petroleum (QP). The …
Companies Investments