By: Eslam Salem
Doha – Mubasher: Ezdan Holding Group plans to deliver 2,000 residential units ‘Ezdan 1’ project by the end of 2016, the company’s CEO, Ali Al Obaidli, said on Monday.
Al Obaidli added that the QAR 3.5 billion ($961.367 million) project is an integrated city spreading over 965,000 square meters and includes 8,500 residential units, in addition to shops, schools and hospitals.
Ezdan’s shareholders earlier approved cash dividends at 5% of the share’s par value or QAR 0.5 ($0.14) per share for the fiscal year 2015.
The Qatar listed company’s profits rose last year by 22% year-on-year to QAR 1.66 billion ($450.4 million).
Translated by: Elwy el-Manzalawy
