"Ezdan" Receives a QAR 414.54 Million Offer for "Ezdan 40" Complex

Ezdan Holding Group announced that it has received an offer from Fasil for Business and Real Estate, owned by Sheikh Thani bin Abdullah Al Thani Endowment, to acquire the "Ezdan 40" complex following the end of the bidding period.

In a statement to the Qatar Stock Exchange on Sunday, the company stated that the submitted offer aligns with the price approved by Ezdan’s Board of Directors, amounting to QAR 414.54 million.

The Board of Directors has decided to submit a recommendation to the Ordinary General Assembly to discuss the offer during its annual meeting for the financial year ending December 31, 2024.

Previously, Ezdan had announced that "Ezdan 40" had been evaluated by certified real estate appraisers. The Board of Directors selected the highest valuation and opened the bidding process from last Monday until March 23.

Meanwhile, recent financial data revealed that Ezdan Holding Group achieved an annual profit of QAR 104.99 million in 2024, reflecting a 5.34% increase compared to QAR 99.66 million in 2023.