{"url":"https://newsforagent.com/news/2026-10-28/estithmar-holding-nine-month-earnings-investments","markdown_url":"https://newsforagent.com/news/2026-10-28/estithmar-holding-nine-month-earnings-investments.md","title":"Estithmar Holding Posts 15.4% EBITDA Rise","headline":"Estithmar Holding Lifts Nine-Month EBITDA 15.4% While Deploying QAR 1.374 Billion","description":"Estithmar Holding raised nine-month EBITDA 15.4% to QAR 1.248 billion and net profit 5.9% to QAR 744 million.","section":"Earnings & Results","published_at":"2026-10-28T16:28:59+00:00","modified_at":"2026-10-28T16:28:59+00:00","author":"News Desk","key_takeaways":["Estithmar Holding's nine-month EBITDA rose 15.4% to QAR 1.248 billion and net profit 5.9% to QAR 744 million.","Revenue for the nine months ended September 30, 2026 fell 7.6% to QAR 4.526 billion.","The group deployed QAR 1.374 billion in investing activities, including QAR 647 million at Rosewood Maldives and QAR 294 million at Rixos Baghdad.","The Algerian Qatari German Hospital (HAQA) is scheduled to open in 2027 with more than 300 beds."],"companies":[{"name":"Estithmar Holding","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00027e7/estithmar-holding","website":"https://estithmarholding.com"}],"source":{"publisher":"The Peninsula Newspaper","title":"Estithmar Holding Q.P.S.C. posts stronger Q3 earnings while advancing QAR 1.4bn in growth investments","url":"https://thepeninsulaqatar.com/article/28/10/2026/estithmar-holding-qpsc-posts-stronger-q3-earnings-while-advancing-qar-14bn-in-growth-investments"},"other_sources":[],"tags":["Earnings & Results","Estithmar Holding"],"body_markdown":"Estithmar Holding Q.P.S.C. reported a 15.4% year-on-year rise in EBITDA to QAR 1.248 billion and a 5.9% increase in net profit to QAR 744 million for the nine months ended September 30, 2026, while deploying QAR 1.374 billion through investing activities. [The Peninsula](https://thepeninsulaqatar.com/article/28/10/2026/estithmar-holding-qpsc-posts-stronger-q3-earnings-while-advancing-qar-14bn-in-growth-investments) published the results on October 28, 2026. [Estithmar Holding](https://akta.pro/company-profiles/00027e7/estithmar-holding) is a Qatari conglomerate operating 113 companies across 10 countries through five business groups spanning healthcare, facilities management and catering, specialized contracting, real estate and hospitality, and financial investments.\n\n## Estithmar's Margins Widen as Revenue Slips\n\nEBITDA margin expanded to 28% from 22%, and net profit margin reached 16% from 14%. Revenue declined 7.6% to QAR 4.526 billion from QAR 4.900 billion a year earlier. Earnings per share reached QAR 0.165, compared with QAR 0.162 for the corresponding period of 2025, restated for bonus shares.\n\nTourism Investments & Real Estate Development recorded 94% revenue growth to QAR 294 million, with net profit rising from QAR 21 million to QAR 71 million, supported by progress at Rixos Baghdad. Shareholders' equity increased 16.3% to QAR 5.557 billion from QAR 4.776 billion at the end of 2025, while total liabilities decreased 2.5% to QAR 9.531 billion from QAR 9.777 billion. Cash and bank balances increased to QAR 414 million from QAR 338 million.\n\nChief Executive Officer Basel Shaddad said: \"Our Q3 performance demonstrates the resilience of Estithmar Holding's diversified business model and our continued focus on profitable growth.\"\n\n## Where Estithmar Put Its QAR 1.374 Billion\n\nOf the QAR 1.374 billion deployed through investing activities, QAR 647 million went to Rosewood Maldives, an exclusive private-island resort under development. Rixos Baghdad Hotel & Residences, an integrated destination in Iraq comprising 497 hotel and residential units, received QAR 294 million. The Algerian Qatari German Hospital (HAQA) drew QAR 190 million; the hospital is scheduled to open in 2027 with more than 300 beds. Other projects received QAR 83 million and Shahba Bank QAR 160 million.\n\nWithin Specialized Contracting & Industries, Elegancia holds the MEEZA Data Center turnkey contract in Qatar, valued at more than QAR 500 million, and the mechanical works package for Prince Mohammed Bin Salman Stadium at Qiddiya in Saudi Arabia, valued at SAR 829 million, awarded to Elegancia Arabia for execution by Elegancia MEP.\n\n## Estithmar's Funding and Profit Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Estithmar issued the fourth tranche of its QAR 3.4 billion sukuk program on the London Stock Exchange in March 2026, a QAR 105 million issuance that brought total issuances to QAR 905 million. The same records show full-year 2025 revenue of QAR 6.4 billion, a 54% increase year-over-year, and full-year 2025 net profit of QAR 938 million, up 122%.\n\n## Earlier Estithmar Milestones\n\nIn September 2026, Elegancia Arabia Trading won the mechanical package for the Prince Mohammed Bin Salman Stadium in Qiddiya City, Saudi Arabia, valued at SAR 829 million, Gulf Times reported. In August 2026, Estithmar reported a 21% increase in net profit to QAR 561 million and a 20% rise in EBITDA to QAR 880 million for the first half of 2026. In May 2026, the company appointed Basel Shaddad as its new CEO with immediate effect, replacing Juan Leon, Zawya reported.\n\n## HAQA Hospital Opening Set for 2027\n\nThe Algerian Qatari German Hospital (HAQA) is scheduled to open in 2027 with more than 300 beds, according to the company's [announcement](https://estithmarholding.com).\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}