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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

QOIC reports 38% profit in Q1

Qatar Oman Investment Company (QOIS) announces a purchase and share swap agreement.
By TRENDS Desk
May 2, 2023 10:32 am
  • The company's net profit rose by 37.89 percent to reach QR 4.552 million ($1.253 million)
  • It also reported a rise in its Earnings Per Share (EPS), which amounted to QR 0.014 ($0.0039)

Doha, Qatar – Qatar Oman Investment Company announced a significant increase in net profit for the first quarter ending March 31, 2023. 

The company’s net profit rose by 37.89 percent to reach QR 4.552 million ($1.253 million) compared to QR 3.301 million ($0.908 million) in the same period of the previous year. 

The company also reported an increase in its Earnings Per Share (EPS), which amounted to QR 0.014 ($0.0039) as of March 31, 2023, compared to QR 0.010 ($0.0028) for the same period in 2022.

Qatar Oman Investment Company was established in 2006 with a capital of QR 315 million ($86.8 million).

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