The National Leasing Holding Company (Alijarah) disclosed Tuesday the audited financial statements for the year ended December 31, 2011. The financial statements revealed a net profit of QR 215, 5 Million in 2011 compared to QR 179,8 Million in 2010. The Company’s Earnings per Share (EPS) in 2011 amounted to QR 6.53 versus QR 5.45 in 2010, it said in a statement published on the (Qatar Exchange) website. The Company also announced profit distribution in the form of 35% cash dividends; equivalent to QR 3.5/share subject to the Ordinary and Extra-Ordinary General Assembly approval which will take place on February 12, 2012. Chairman of Alijarah Holding HE Sheikh Falah bin Jassim bin Jabr Al Thani declared the audited financial results for the year ended 31st December 2011, saying Alijarah Holding achieved a net profit of QR 215.45 Million for the twelve months period ended 31st December 2011 compared to QR 179.83 million for the same period last year – an increase of 20% which reflected positively on the earnings per share for the period, which is at QR 6.53 per share, compared to QR 5.45 per share, last year. Established in 2003, the National Leasing Holding is a Qatari share holding company listed in the Qatar Exchange. Its business portfolio covering Leasing, Equipment and Transportation, Property development and Hospitality services.
Kingdom has a plan to balance oil market
Saudi Arabia is profoundly studying developments of the global oil market since August to develop scenarios allow the return of balance between supply and demand and the removal of the oversupplies,
This would include the introduction of new information technology
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Shares on the Muscat bourse reacted on profit-booking after two days of recovery. The MSM30 Index remained flat at 5,767.37 points, marginally down by 0.03 per cent. The MSM Sharia Index ended at 880