Ezdan Holding has made an acquisition of 20.16% shares of Widam Food (previously Mawashi) in a step, which the group said is to promote its financial investments and ensure diversification to achieve maximum stability for shareholders, according to Gulf Times.

Ezdan Holding also said it was keen to expand the scope of its sister companies, whose revenues are directly reflected on its financial statements.

Sheikh Abdullah bin Thani bin Abdullah al-Thani, Ezdan Holding Group deputy chairman, said, “Ezdan Holding Group makes solid and premeditated purchasing in a number of Qatari companies to enrich its investment portfolio, according to scientific standards and in-depth studies to select the best and most promising investment opportunities.

“The group seeks to diversify its sources with the aim to raise its net profit as well as strengthening its role as a key player in the Qatari market.”

Sheikh Abdullah said the group’s strategy in the coming years would mainly depend on the gradual dissociation from the real estate sector and allocating the group’s returns to many sectors through the purchase of shares of companies listed on Qatar Stock Exchange, something that will be positively reflected in the Group’s profits, ensuring great deal of stability to Ezdan’s shares.

He also said the business sector generated core interest among the world’s economic and social policies planners.

Ezdan Holding Group CEO Ali al-Obaidli said, “Through a deliberate and clear plan, Ezdan Holding Group has started disassociating from the real estate sector. A large portion of these revenues will be allocated to procurement of companies listed on the Qatari bourse, aiming at supporting the domestic market and benefitting from promising opportunities offered in the country.”