The Holding Investment announced its financial results for the year ending December 31, 2024, after its approval from the company’s board of directors, recording the increase in revenues by 44% to reach 4.2 billion Qatari riyals compared to 2.9 billion Qatari riyals in 2023, and the total profits of the company reached One billion Qatari riyals compared to 801 million Qatari riyals in 2023, 27%. The company also achieved profits before deducting interest, tax, consumption and extinguishing debt, amounting to 742 million Qatari riyals, and the results recorded an increase in the company’s net profits by 20% from the year 2023 to reach 422 million Qatari riyals. The return on the stock increased from 2023 by 17% to 0.119 Qatari riyals.
The growth of net profits by 20% is due to the increase in the company’s revenues, which has mainly relied on revenues from the sectors of specialized contracting and health care, especially with the expansion of the specialized contracting sector in implementing and delivering its projects in the Kingdom of Saudi Arabia with high operational efficiency. While the healthcare sector supported the increase in revenues of 2024 with the sustainable growth of the performance of The View Hospital in Qatar, the sector expanded through the Apox Health Company of the Holding Investment Company in signing management and employment agreements for many hospitals. A package of measures taken in the real estate development sector and tourism investments also contributed to changing the business model and increasing revenues.
The financial results for 2024 also recorded an increase in assets by 25% over the past year, resulting from the new projects that were added by the Holding Investment for its wallet, such as the Korean Hospital in Lusail, the Rixos Baghdad project in Iraq and the Roswood resort of Maldives. The results also showed the percentage of current liquidity, which reached 1.22
The Holding Investment Board has recommended distributing profits equivalent to 10% of the capital by one free share per ten shares.
The results showed the ability of the Holding Investment to maintain sustainable growth, which enables it to expand the regional and international levels, based on the extensive confidence that it gained through its successful record in all its operational sectors, where the company entered into many agreements with sovereign funds and governmental funds Regional to transfer its expertise, especially in the health sector, specialized contracting, services and real estate development.
The Specialized Contracting Sector led the contribution of the sectors to the company’s revenues during the year 2024 by 42%, through the remarkable activity of the sector locally and regionally, especially in the Kingdom of Saudi Arabia, where the Specialized Contracting Sector has completed the Holding Investing many agreements and contracts during the year 2024, where the Arabiansia company participated, One of the Holding Investment companies in giant projects such as NEOM, the Red Sea, Amala and others.
The services sector contributed to the company’s revenues by 35%, which is the sector that provides services from the facilities management, food and food solutions, the provision of manpower and human resources, and the support of events and others.
The health sector also continued to invest in the Holding Holding, through its subsidiary, Apix Health, to achieve sustainable growth driven by the company’s expansion in the application of the management and operation of hospitals regionally, including in Iraq and Libya. The company’s hospitals also continued inside Qatar; The Fio Hospital and the Korean Hospital in acquiring more confidence by adhering to the highest international quality standards, hosting the most important and most prominent international medical cadres, and activating their partnerships with the most important medical institutions in the world such as Cedars Sinai, USA, Korean and others.
The performance of the real estate development sector and tourism projects in the company also witnessed stability due to the demand for the sector’s projects, including the island of Maha, which he visited during 2024 more than 4.7 million visitors. The year also witnessed a strong conclusion for the second season from the City of the World Games, Lusail Winter and Nudland, and a successful start for its third season, as the city hosted thousands of Qatar’s population and visitors. This is in addition to hotel sector facilities such as Katara Hills and Maysan Doha resorts, who have continued to lead the high -end hospitality field in Qatar throughout the year.
As for the sector’s projects outside Qatar, the process of establishing the Rexus Tourist Complex, which includes residential apartments and a hotel. In addition to the Roswood Maldives project, which witnessed an accelerated development in terms of the completion rate to complete the project, the tourist scene is expected to be led in the Maldives and the world.