Qatar's Top 30 Companies
Fri 05 Sep 2014 01:51 PM
Ezdan Real Estate
3

Ezdan Real Estate

Industry: Property

Designation: Ali Al Obaidli, group CEO

Once the Gulf’s biggest listed developers, Ezdan has recently been overtaken by Dubai’s Emaar, whose shares have risen significantly over the last 18 months. Ali Obaidli has recently taken over the company from former chief executive Hesham Al Sahtari. Concentrating exclusively on the Qatari market, Ezdan holds a large portfolio of real estate assets in Al Wakrah and Al Wukair, as well as a series of residential towers near the Souq Waqif neighbourhood. It also owns Ezdan Mall Gharafa and Ezdan Mall Al Wakrah, as well as two local hotels, and stakes in a significant number of Qatari blue chips. Ezdan is building 50,000 units, which are all set to be completed by the time the World Cup takes place in 2022.