Al Mahhar Holding Reports Strong Financial Performance in 2024, Driven by Energy Sector Growth

Al Mahhar Holding (MHAR), a prominent company listed on the Qatar Stock Exchange, has announced strong financial results for the 2024. The company reported a 17% increase in revenue, reaching 800.4 million Qatari Riyals, and a 35% growth in net profit attributable to shareholders, reaching 38.1 million Qatari Riyals.

This impressive performance is attributed to the company’s strategic focus on the energy sector in Qatar and its successful initiatives in infrastructure development. The net profit margin improved to 4.4%, driven by the strong performance of the energy sector.

We are pleased to report these positive financial results, which reflect our commitment to operational excellence and our strategic focus on key growth sectors in Qatar. Our strong performance in the energy sector and our ongoing investments in infrastructure are key drivers of our success.

The company’s internal initiatives, including financial management and operational efficiency programs, have also contributed to its positive financial performance. Al Mahhar Holding remains committed to achieving operational excellence and contributing to the growth of Qatar’s key sectors.