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

Thank you for standing by. My name is Janice, and I will be your conference operator today. At this time, I would like to welcome everyone to the Qatari Investors Group Conference Call. [Operator Instructions] Thank you. And I would now like to turn the conference over to Shahan. You may begin.

Hi. Thank you, Janice. Hello, everyone. I want to welcome you to QIGD's Third Quarter 2026 and 9 Months 2026 Financial Results Conference Call. On this call from management, we have Houssam El Kurdi, the company's CEO; and Fadi Khouri, the Group CFO. As usual, we will conduct this call with first management reviewing the company's results followed by a Q&A session. I will turn the call over now to Houssam. Please go ahead, sir.

Thank you. Thank you. Hello, ladies and gentlemen. I will go over a review in English, followed by the same review in Arabic, and then we will move 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 Kurdi, the Chief Executive Officer; and with me our Chief Financial Officer, Mr. Fady Khouri. We are pleased to present to you the year-end results of QIG Group for the third quarter ending September 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 314 million for the period, representing a 27% decrease compared to the last year same period. The decline is mainly attributed to the current circumstances, which have had an impact across all sectors. We remain hopefully the condition will improve in the coming period. On a positive note, we are expecting to get to the normal business and economic activities within this region in the coming period. The group net profit for the period Q3 2026 amounted to QAR 82 million, a 19% decrease compared to the last year same period. EBITDA reached QAR 153 million for the period, 18% lower than last year's in the same period. Finally, we focus our effort to implement a strategy of diversification and 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 now I will move to the Arabic text. [Foreign Language]

Janice, we can go to Q&A now, please.