The subsidiaries of Investment Holding Group (IHG) have signed contracts worth QR200m during the recent few months, said the Group in a filing to the Qatar Stock Exchange, yesterday. These contracts will strengthen Group’s profitability and financial position, said Chairman of the Group.
IHG is one of the Qatar’s leading companies with diversified business activities, that operates at different levels such as construction and contracting, specialized contracting (electrical and plumbing), supply of building materials, safety equipment, wooden products, fire fighting systems, and other related materials, in addition to food, chemical and consumable supplies.
“We are pleased with signing these contracts which will strengthen the Group’s profitability and financial position. We are hopeful to achieve further success as we witness gradual recovery from the negative impacts of the spread of COVID-19,” said Ghanim Sultan Al Hudaifi, Board of Directors’ Chairman.
Samer Wahbeh, Group Chief Executive Officer, noted that despite the extraordinary circumstances imposed by COVID-19, the Group displayed resilience in its performance by which it warranted business continuity. He added that the conclusion of the contracts marks a good beginning for 2021 and a significant boost to the growth aimed by the Group. Wahbeh reaffirmed that the Group will continue its businesses in a manner that ensures achieving the best returns to the shareholders.
Through its subsidiaries, the Group enjoys an impressive record of delivering projects within the stipulated timelines, which demonstrates its expertise in the sectors in which it operates.
Investment Holding Group was registered as a limited liability company in 2008 to consolidate the investments of the Company that were made in various companies since 1975. The legal status of the Company was converted to a Qatari public shareholding company effective May 11, 2017.
