DOHA: Dlala Brokerage and Investment Company (Dlala) has established a firm to provide real estate brokerage in the local market which will begin operations from the second quarter of this year.
"The new company will provide its services through web-based technology and not through conventional means," an official from Dlala told reporters yesterday.
Hamad bin Abdullah Al Attiyah, Dlala's Chairman, told the shareholders of the company at their annual general meeting (AGM) at the Diplomatic Club yesterday that the company was also in the process of establishing another company to provide IT (information technology) services.
The shareholders at their AGM approved the distribution of 20 per cent cash dividends or QR 2 per share for 2008.
Al Attiyah said that Dlala has last year achieved net profits of QR50.5m, showing 102 per cent increase as compared to QR25m in 2007. Earning per share (EPS) is QR2.52 in 2008 as against QR1.25 the previous year.
"In 2008, Dlala possessed its own office on Salwa Road and we are goining to shift soon. We will also unveil our company's new logo," he added.
We have also started establishing new state-of-the-art database center in the new office, he added.
About future projects, he said due to global economic recession the company decided to give priority to completing the ongoing projects but added that they will wait for the picture to be clear launch new ventures.
In 2008, he said, Dlala launched 'We Care' campaign to donate QR 1 from the brokerage commission collected for each share transaction executed by Dlala Islamic at the Doha Securities Market (DSM).
The amount collected was distributed to Qatar Charity and Qatar Orphan Foundation (Dhreima).
© The Peninsula 2009
