Ezdan Holding Group Wins the Arabian Business "International Achievement Award 2016 "
Ezdan Holding Group has won the "International Achievement Award 2016" by Arabian Business magazine in recognition of the recent achievements made by the Group at the international level. The award was received by the Group Chief Executive Officer Mr. Ali Mohammed Al Obaidli in the presence of a panel of senior officials, businessmen and entrepreneurs in Qatar and abroad in a ceremony held in the Westin Hotel in Doha.
Ezdan Holding Group has been chosen to receive this award from among several companies thanks to its series of achievements realized this year at the local and international levels, mainly as the group has witnessed almost a double oversubscription in its inaugural $500mn Islamic sukuk in a record time, not to mention the opening of the first phase of Ezdan Mall Al Wukair and the ongoing preparations for launching the three major projects in vital sectors.
Commenting on the award, CEO of Ezdan Holding Group Mr. Ali Mohammed Al Obaidli said that winning such award is a recognition of the achievements made by the Group, noting that experience has shown that the vision of the Group and its strategy pursued for years have been translated in various actions and plans, which contributed to the development of the Group and placed it on the right track in the world of investment supporting the national economy.
On the achievements of the Group in recent years, Al Obaidli pointed out that Ezdan has achieved, during the last three years, dazzling progress in its financial performance, projects, operations and transactions in different vital sectors. The Group received recognition and won a number of awards in a short time on its high profile services, remarkable financial indicators. He explained that this year, “we remarkably reached a milestone at the local level, in which the group succeeded in its first sukuk deal we have chosen to issue over stages, noting that the group has placed 167% oversubscription, which significantly indicates that Ezdan powerfully outperformed and stresses the worldwide investors turnout.
The group CEO added: “during the current year our achievements vary in multiple sectors, mainly the realty sector, which accounts for the largest share of the Group's investments, as we provide more than 20,000 housing units, serving all the different segments in Qatar. We disclosed in the second quarter of this year “ Ezdan Oasis project” a mega real estate project that will target more than 35,000 people, and provides upon completion of operations more than multi-purpose 9,000 units of different areas in Al Wukair area. We have expressed our commitment to launch the project gradually as we are working hard to launch the first phase of it over the next year and that will include about 2,000 housing units.” Through this project, we aim to promote the urban development boom in Al Wakra and Al Wukair area. “, he noted.
On Ezdan Holding Group's strategy in achieving investment integration, Al Obaidli pointed out that Ezdan has entered a vital sector such as the entertainment and commercial centers sector based on the principle of establishing service projects to meet the audience diverse needs and to achieve integration in the public service, providing comfy housing, pleasing entertainment and delightful shopping experience. In this regard, Ezdan has established three shopping malls three according to the latest international standards in order to meet the needs of the growing shopping and entertainment community, and to promote the process of urban development throughout Qatar.
On the group’s vision, Al Obaidli said: "We are all set to invest in all sectors to maximize profitability and to achieve progress and prosperity of our country and society, we are proud of our proactive action to support the urban boom in construction and stimulate the economy in Qatar."