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Revealing an exceptional performance across all key financial metrics, Estithmar Holding Q.P.S.C. has announced its financial results for the six-month period ending June 30, 2025.

The company reported revenue of 3.07 billion Qatari riyals ($844 million), an 87 percent year-on-year increase. The gross profit soared by 134 percent to 1.05 billion Qatari riyals, while EBITDA rose 97 percent to 732 million Qatari riyals compared to H1 2024. The net profit reached 465 million Qatari riyals, up 97 percent year-on-year, while earnings per share doubled, reaching 0.13 Qatari riyals.

While Estithmar Holding continues its upward trajectory in its financial and operational indicators across all its financial disclosures, this remarkable leap in results for H1 2025 is mainly attributed to increased revenue through its international expansions across its four sectors in ������Ƶ, Iraq, Algeria, Libya, Maldives, Jordan, and Kazakhstan.

The company’s enhanced operational performance also underpinned an EBITDA of 732 million Qatari riyals, an increase of 97 percent, driven by disciplined financial and operational policies, which improved the profit margin.

“Our exceptional first half performance demonstrates the strength of our strategy. By focusing on value creation, sector leadership and disciplined capital allocation, we have delivered greater operational efficiency, robust revenue growth and margin expansion,” said Juan Leon, group CEO of Estithmar Holding.

He added: ”Sustained and balanced growth across our four clusters remains central to our investment strategy. We continue to drive innovation and adopt advanced operational technologies. With a distinctive blend of capabilities and expertise, Estithmar Holding is well placed to deliver exceptional stakeholder value and extend our footprint globally.”

Currently, Estithmar Holding’s operations span seven countries in addition to Qatar. The health care sector has expanded to Algeria, developing the Algerian Qatari German Hospital, Iraq through the management of Al-Imam Al-Hassan Al-Mujtaba Hospital and Al-Nasiriyah Teaching Hospital in Karbala and Di-Qar governorates, and to Libya, managing Misrata Heart and Vascular Center.

The real estate development and tourism division features major projects such as Rixos Baghdad Hotel and Residences in Iraq and the Rosewood Resort in the Maldives, both progressing at an accelerated pace. The services division has expanded its operations across ������Ƶ, Iraq, Maldives, Libya, Jordan, and Kazakhstan, sustaining revenue growth through operational diversification and scale.

Specialized contracting activities have also expanded in ������Ƶ, having been awarded major projects such as Red Sea Airport, five hotels in Shura Island, Sindalah Yacht Club and others, besides projects in the Maldives, and Iraq.

Record share performance

Estithmar Holding’s share showed robust and sustained upward momentum during H1 2025, climbing 77 percent. This indicates a transition from steady accumulation to a sharp upward trend, driven by increased investor confidence, ongoing profit growth, and the company’s expansion activities.

The company’s share performance reflects its sound management and operational policies focused on enhancing investor value. This aligns with the company’s long-standing commitments expressed in previous statements, alongside the launch of diversified projects and expansion initiatives.

Azad Properties has signed a landmark leasing agreement with Apparel Group, one of the region’s leading retail conglomerates, to bring a curated portfolio of globally recognized and high-performing retail and F&B concepts to Souq7 in Jeddah.

Under this partnership, 13 retail and dining destinations will be introduced at Souq7, collectively spanning approximately 9,000 square meters of gross leasable area. The mix includes established favorites such as Wings Stop, R&B, Tim Hortons, Allo Beirut, Nando’s, Skechers, Grand Center, Cold Stone, BBZ, Crocs, Babies and More, Sushi Library, and Beverly Hills Polo Club.

Set to open in Q4 2025, these new retail experiences are part of a phased activation strategy that reinforces Souq7’s positioning as a next-generation urban destination, where local culture meets global retail. The integration of these brands reflects a commitment to delivering a differentiated shopping and dining experience tailored to the expectations of Jeddah’s dynamic consumer base.

“Partnering with Apparel Group, one of the region’s most influential retail forces, elevates Souq7’s experience and offering, as we continue our journey to shape a destination where cultural relevance, community connection, and curated experiences come together,” said Ayman Al-Burti, CEO of Azad Properties.

This agreement builds on Azad Properties’ strategic growth agenda and underscores Apparel Group’s confidence in Souq7’s unique offering and long-term potential as a cornerstone in Jeddah’s evolving retail landscape.