The net profits of the National Leasing Holding Company (a Qatari public shareholding company) increased by 15.59 percent in the first nine months of this year, to reach 13.69 million riyals, compared to 11.84 million riyals in the same period of 2023.
The company’s results published on the Qatar Stock Exchange website today showed an increase in earnings per share to reach 0.028 Qatari riyals for the period ending September 30, 2024, compared to earnings per share of 0.024 Qatari riyals for the same period of the previous year.
Mr. Hamad Hassan Al-Jamali, CEO of the company, said that the aforementioned increase in net profits was driven by the strong performance of the investment portfolio, and the stability of profits from the Al-Ijarah Driving Training Academy, indicating that the company is moving forward in implementing its strategy, by strengthening its investment portfolio by adding new investments in sukuks with High returns.
He added: “We are working to strengthen the real estate portfolio by developing the lands we own, and expanding in the Kingdom of Saudi Arabia by purchasing new lands and developing them into a residential project. We have also worked to launch the warehouse project in Abu Salil, which contributes to increasing the return on assets and enhancing the interest of shareholders.”
Al-Jamali stressed that the company will continue to seek to take advantage of the available investment opportunities to achieve maximum benefits for shareholders, and to continue to strengthen its position in the market.