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FINANCIAL NEWS
Makeen Holding shareholders profits up 24.5%
04 Apr 2011
(MENAFN) Makeen Holding’s Executive Director, Ali Abdul Rahman Al Hashmi, revealed financial results for the company for the year of 2010 saying that the company was able to achieve good results including an increase by 24.5 percent in profits of shareholders, reported the Peninsula.
Al Hashmi said that the volume of the company’s traded assets increased by twelve percent in 2010, year on year, amounting to USD961 million in 2010, up from USD852 million a year earlier. He also said that this is the third consecutive year that the company had an increase in traded assets.
The director cited the good results to better management of assets, diversification of investments such as going into real estate assets and achieving higher net profits.
It is worth noting that the director unveiled plans fro the company to go public and be listed on Qatar Exchange, however, this is still subject to regulators’ approvals.
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