Alijarah Holding chief executive officer Hamad Hassan al-Jamali.
Earnings-per-share rose to QR0.028 compared to QR0.024 last year. Revenues grew by 13.48% to QR50.65mn.
Attributing the increase in net profitability to the robust performance of the investment portfolio and stable profits from Alijarah Driving Academy; its chief executive officer Hamad Hassan al-Jamali said 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 said, confirming that it would continue to seek out available investment opportunities to maximise shareholder benefits and strengthen its position in the market.
