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Ezdan chairman donates shares worth $3.8 bln

Ezdan Real Estate Company's chairman has donated 605 million shares worth 13.98 billion riyals ($3.8 billion) to an Islamic charity to help build homes for the poor.

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June 21, 2011 3:58 by



Ezdan Real Estate Company’s chairman has donated 605 million shares worth 13.98 billion riyals ($3.8 billion) to an Islamic charity to help build homes for the poor.
Sheikh Thani bin Abdullah Al Thani, a member of Qatar’s royal family, donated the shares, in the eighth-largest donation made globally over the past decade.
The Islamic endowment will fund the building of 18,000 homes for Qatar’s poor, a company statement said.
Ezdan, which develops malls, residential complexes and schools in Qatar, has a market capitalisation of around 61 billion riyals. ($1=3.638 Qatari riyals) (Reporting by Regan E. Doherty)



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1 Comment

  1. Dr Azhar AbdelAziz on June 25, 2011 8:11 am

    Alhamdullilah, may Allah Bless him and his families, ameen.

     

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