Ezdan Qatar is largest real estate company in terms of market value

Press release
Published June 8th, 2011 - 11:48 GMT

Ezdan has reached around 22 billion 225 million and 590 thousand USD till the end of 2010
Ezdan has reached around 22 billion 225 million and 590 thousand USD till the end of 2010

Ezdan Real Estate ranked first in Qatar in terms of market capitalization among 37 Qatari companies in the top 500 Arab companies in terms of market capital for the year 2009-2010, according to the list published by “Economic and Business” Special Economic Magazine, the Magazine indicated that the market capitalization of Ezdan Real Estate Company has reached around 22 Billion 225 million and 590 thousand USD till the end of 2010, And among the arab companies Ezdan rise thunderously to 6th rank after it was at 18th position in 2009, where it recorded growth in its market capitalization 168.7%. 

The “Economic and Business” magazine noted the Excellency  gained by Qatari companies among top 500 Arab companies listed in Arab Exchange in 2010, where it achieved the highest growth rate in market capital by 43.5%, to get rank the second directly after Saudi after it was at third position in 2009, Indicating that the remarkable growth in market capital of Ezdan reaching 168.7%, and continued decline in market capital of Saudi Arabia and Emirates real estate companies, led to increase Ezdan's position in Arab real estate sector from 17.5% in 2009, to 39% in 2010, pointing out that this jump that Ezdan has achieved reflected clearly on increasing real estate companies' market capital in Qatar which grew by 147.5% in 2010, along with new real estate companies were not in 2009, and that was Barwa. 

Ezdan Real Estate ranked first among the Arab companies which achieved highest growth rate in its market capital value that reached 168.7% in 2010, and ranked fourth among top capitalized companies according to international market capital reaching 22bn and 225 million and $590 thousand, while SABIC manage to get first position with market capital of 83bn and $800 million with growth rate of 27 percent in 2010 in comparison with 2009, and Emirates Telecommunication Corporation got the second position with market capital of 23bn and 266 million and $30 thousand, followed by “Zain” mobile telecommunication company which ranked third among top capitalized companies according to international market capital amounting to 23bn and 208 million and $120 thousand with growth rate of 49% in 2010 compared to last year. 

According to “Economic and Business” magazine shows that Ezdan managed to get first position in Arab real sector in a list of 15 real estate companies, Qatar industries ranked first in Arab industry sector, Qatar Gas Transport company "NAQELAT" occupied first position in transport services and facilities sector, Qatar Insurance company ranked the first in Arab insurance sector, and "Aamal" company occupied first position in services sector. 

It is noted that Ezdan Real Estate company has achieved 6 percent increase in its assets in 2010 , to reach 31bn and 924 million QR (around 8bn and $346 thousand ), compared to 30bn and 60 million QR(around 8bn and $236) in the end of the year 2009,  reflecting the growth in the value of real estate investments of company. While the total equity reached 27bn and 402.847 million QR (around 7bn and $507 million) for the last year ended in 2010, compared with the amount of 27bn and 284.556 million QR ( around 7bn and $475 million) in 2009.

Background Information

Ezdan Real Estate

Ezdan Real Estate operates under the umbrella of Ezdan Holding Group. It was established with a vision to become a benchmark for project delivery and value creation, and to be the first-choice partner for real estate in Qatar. Ezdan Real Estate continues to identify, create and operate a diverse portfolio of substantial business that contributes to the growth of Qatar.

 

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