Board of Directors’ Report
Sheikh Falah Bin Jassim Bin Jabr Al-Thani
Chairman & Managing Director

MESSAGE FROM THE CHAIRMAN

Dear respected Shareholders,,,

Peace be upon you,,,

On behalf of the Board of Directors, I am pleased to present Alijarah Holding’s Annual

Report and the audited financial statements for the fiscal year ended 31/12/2016.

Financial and Administrative Performance:

Due to efforts exerted by the Board of Directors and the executive management,Alijarah is back in achieving positive results for the year ended 31/12/2016 , the net profit has increased by 106% reaching 5,171,898 riyals compared with a net loss for the year ended on 31/12/2015.

2016 witnessed an increase in operating revenues equivalent to 17% compared with 2015, the executive management strives to reduce operating expenses in all segments of the company, leading to an improved profitability.

During 2016, the Company undergone a dynamic change and is improving all its segments and currently it is at the final phase of those changes, the company is updating its current fleet and strengthen with up-to-date cars, hired a highly qualified and experienced staff in the field of taxi both to manage and operating the taxi.

The company also is approaching the completion of construction works of the Taxi Complex at the industrial area, which also includes Alijarah Driving School (formerly Alnasser Modern Driving School) in line with the positioning of the 2016 plan. We seek indications from opportunities for the long term, and we aim to snatch them at the right time, as the Board of Directors endeavor to achieve positive benefit to the company and its shareholders, as we areconservative in our investments.

Proposed Dividends

In continuation of our commitment towards our investors who have placed their trust in the company, the Board of Directors recommended the General Assembly to approve the distribution of a cash dividend of 5%, equivalent to 0.50 Qatari riyals per share.

Future Vision

The company contributes to the achievement of sustainable development, even though it may face some challenges but I am confident that we have the necessary resources and workforce to achieve successes in the coming years In closing, and on behalf of the Board of Directors, I express our deep appreciation and gratitude to the wise

leadership of the state, where the group were not to meet all the accomplishments without endless support from His Highness the Emir, Sheikh Tamim Bin Hamad Al-Thani - may Allah protect him-, for his continued support and guidance. I would like to conclude by offering our sincere thanks and appreciation to our Sharia Supervisory Board members for their efforts and wise guidance, and we thank all shareholders our valued customers.

May peace, mercy and blessings of Allah be upon you,,,

 

 

Falah Bin Jassim Bin Jaber Al Thani

Chairman and Managing Director