Mekdam net profit rises 21.1% to QR28.6m in 2021 – The Peninsula

Mekdam net profit rises 21.1% to QR28.6m in 2021 – The Peninsula

Doha: Mekdam Holding Group (Mekdam) has reported a net profit of QR28.6m for the period ended December 31, 2021, an increase of 21.1 percent compared to QR23.6m in the same period in 2020. The Group’s Board of Directors chaired by Sheikh Mohammed bin Nawaf bin Nasser bin Khalid Al Thani (pictured) approved the financial statements during a session held recently. 

The growth in net profit is mainly attributable to the growth in business volume. The easing of coronavirus restrictions has also accelerated the pace of business implementation and recovery from the previous decline in project execution and profitability.