Alijarah Holding Company Sees 15.59-Percent Net Profit Increase

Doha: Alijarah Holding Company disclosed its financial results for the period ending Sept. 30, 2024, reporting a 15.59-percent increase in net profit to reach QAR 13.69 million, compared to QAR 11.84 million for the same period in 2023. Earnings per share rose to QAR 0.028 compared to QAR 0.024 last year. Revenues grew by 13.48 percent, reaching QAR 50.65 million. Commenting on the results, CEO of the company, Hamad Hassan Al Jamali, said, "we are pleased with the strong performance achieved by the company this year, as net profit increased by 15.59 percent, driven by the robust performance of the investment portfolio and stable profits from Elijah Driving Academy," adding, "the company is progressing in executing its strategy by enhancing its investment portfolio with the addition of new high-yield Sukuk investments." "We are working to strengthen our real estate portfolio by developing the land we own and expanding in Saudi Arabia by purchasing new lands for property development, and we have also launched new logistics warehouses in Wadi Aba Saleel, contributing to increasing the return on assets and enhancing shareholder interests," he added. Al Jamali confirmed that the company will continue to seek out available investment opportunities to maximize shareholder benefits and strengthen its position in the market. Source: Qatar News Agency