The financial statements revealed a net loss of QR 956,341 in 2009 in comparison to a net profit of QR 50.5 Million in 2008.
H.E. Mr. Turki Bin Mohamed Al Khater – Dlala Holding's Chairman said that the company had achieved a QR 20.46 million operating profit, but this loss comes because of the provision for permanents impairment on property and investment available for sale.
Mr. Al Khater explained that Dlala has accounted QR 24.61 million as provision for permanents impairment on property and investment available for sale in 2009 due to the drop of in the stock market affected by the global financial crisis.
Dlala's Chairman said that the company had increased its market share in the Qatar Exchange through its two brokerage companies Dlala Brokerage and Dlala Islamic brokerage, noting that traded volume in the stock market has decreased by 47.5% in 2009.
"Dlala had succeeded in decreasing the loss by diversifying its income through penetrating the real estate business by new-established Dlala Real Estate, which started operation in the third quarter of 2009" Said Mr. Al Khater.