Qatar’s Islamic Holding posts 40% increase in Q1 net profit

April 10, 2014 11:13 am

Qatar-based Shari’ah-complaint investment firm, Islamic Holding Group has reported a net profit of QR2.96bn for the first quarter of 2014, up 40% compared with QR2.11bn in the corresponding period in 2013, the Peninsula has reported. “The company recorded a strong performance, and these positive results are indicator of growth potential, according to the opportunities available,” said chairman and managing director of the group, Dr Yousef Ahmed Al Neamah. “We seek to discover new opportunities for investment, achieving better growth an adequate return for the shareholders.”