Islamic Holding Group Q1 profit up 40.74%

Islamic Holding Group’s net profit of QR 2,964 Million for the first quarter ending March 31 for financial year 2014 is an increase by 40.74% compared with QR 1,06 Million for the same period in 2013. The Group announced the results following its Board of Directors meeting led by Chairman and Managing Director Dr Yousif Ahmad Al Neama, according to a Qatar Exchange bulletin. “The Group’s strong performance indicates the potential of further growth and we seek to expand our investment opportunities and offer better returns to our shareholders,” said Dr Neama. Previously known as Islamic Securities Company, the company changed its name to Islamic Holding Group (Qatari Public Shareholding Company) in August 2010. The Group’s primary business is investing in shares and bonds, brokerage services through its subsidiary company, investing and managing subsidiary companies, ownership of patents and royalties.