Doha, Qatar – Estithmar Holding, a Qatari public listed company, has reported a net profit of QAR 199,623,288 ($54,846,523) in the first half of 2023, a 3.7 percent growth compared to QAR 192,536,099 ($52,964,431) during the same period last year.
The Earnings per Share (EPS) stood at QAR 0.059 ($0.016), marking a slight decline from the EPS of QAR 0.065 ($0.018) for the corresponding period in 2022.
Established in 2008 with an initial capital of QAR 3.4 billion ($934.6 million), Estithmar Holding has a portfolio spanning 51 companies operating across five strategic sectors – healthcare, services, ventures, contracting, and industries – the company has consistently demonstrated remarkable growth and profitability.
The healthcare division, represented by Elegancia Healthcare, boasts ownership of The View hospital in affiliation with Cedars Sinai.
Elegancia Services, the second division under the flagship Estithmar Holding, is a key player in facility management, industrial catering, construction material trading, and human resources supply.
Estithmar Ventures, the third division, specializes in developing touristic destinations in Qatar and luxury travel resorts internationally, notably in the Maldives.
In the contracting sector, Elegancia Contracting leads in various domains such as MEP, landscaping, fit-out, and water technology. Its activities span both Qatar and Saudi Arabia.
Elegancia Industries, the fifth division, encompasses steel, marble, joinery factories, and is on the cusp of expansion into modular construction with a state-of-the-art facility underway.
Estithmar Holding has ambitious plans for geographic expansion, with imminent presence in Saudi Arabia and the Maldives. The company also aims to diversify its portfolio by venturing into new sectors.
