Qatari Investors Group Q.P.S.C. (QIGD) Earnings Call Transcript & Summary

Hello, and welcome to the Qatari Investors Group Call. Please note that this call is being recorded. [Operator Instructions] I will now hand the call over to Fady El.

Thank you. Okay. Thank you. Good afternoon to you all. I'd like to thank you for joining us this afternoon for Qatari Investors Group Earnings Conference Call for Q2 and 1H 2026. On the call from Qatari Investors Group's management is Houssam El Kurdi, the Chief Executive Officer; and Fady Khoury, the Chief Financial Officer. As usual, they will first go over an overview of the numbers, and then we'll have a Q&A session immediately afterwards. Let me turn over the call to Mr. Houssam El Kurdi to begin. Over to you, sir. You can go ahead.

Hello, everyone. Ladies and gentlemen, I will go over a review in English, followed by the same review in Arabic. And then we will move on to questions and answers. Ladies and gentlemen, it's my pleasure to welcome you to the Qatari Investors Group QIG, IR call. My name is Houssam El Kurdi, Chief Executive Officer; and with me Mr. Fady El Khoury, Chief Financial Officer. We are pleased to present to you the results of the QIG Group for half year end June 30, 2026. In this call, we will highlight the financial performance of the group and the progress achieved during the reporting period. The group recorded a total revenue of QAR 218 million for the period, representing a 27% decrease compared to the last year same period. The decline is mainly attributable to the current circumstances, which have been -- which have had an impact across all sectors. We remain hoping that the conditions will be improved in the coming period. On the positive note, we do expect the resumption of the business and economic activities with this region in the upcoming period. The group net profit for the period H1 2026 amounted to QAR 56 million, a 21% decrease compared to the last year same period. EBITDA reached QAR 103 million for the period, 21% lower than last year in the same period. Finally, we focus our effort to implement a strategy of diversification in investments to make more achievements that benefit the group and enable us to play an active role in supporting Qatar's economic vision. Thank you, and I will move to the Arabic text. [Foreign Language]

Hello can you hear me? Are we open for questions?

Yes, we can open the line for questions.