Al Mahhar Holding Delivers Strong Growth in 2024 Driven by Energy Sector Performance

Al Mahhar Holding (MHAR), a publicly listed company on the Qatar Stock Exchange, has announced strong financial results for the year 2024. The company reported a 17% increase in revenue, reaching QAR 800.4 million, compared to the previous year. Net profit attributable to shareholders saw a significant jump of 35%, reaching QAR 38.1 million.

This impressive performance is attributed to the company’s strategic focus on the energy sector and successful initiatives within its infrastructure portfolio. A key driver has been the optimization of Al Mahhar Holding’s subsidiary, Q-Fab, which specializes in fabrication, construction, and maintenance services for the energy industry. Q-Fab’s expertise and commitment to operational excellence have enabled it to capitalize on opportunities within Qatar’s dynamic energy landscape.

The company’s overall net profit margin improved to 4.4%, reflecting the positive impact of these strategic decisions and operational efficiencies. Furthermore, Al Mahhar Holding’s ongoing efforts in financial management and internal initiatives have contributed to its continued success.

We are pleased to report these positive results for 2024. Our strategic focus on the energy sector, coupled with our commitment to operational excellence and financial discipline, has enabled us to deliver strong value to our shareholders. We remain dedicated to contributing to Qatar’s key growth sectors and achieving sustainable growth in the years to come.

Al Mahhar Holding remains committed to its strategy of contributing to Qatar’s key growth sectors. The company’s focus on operational excellence, financial management, and strategic initiatives positions it for continued success in the future.