Alijarah Holding

Alijarah Holding

QQSE:NLCS
0.58
QAR
-0.01
(-2.34%)
0.05EPS
14.77P/E
329.04MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.49
0.41
0.35
0.42
0.25
0.28
0.21
0.12
0.06
0.07
0.08
0.07
0.08
0.08
Basic EPS, GAAP
0.16
0.14
-0.18
0.01
0.02
0.01
0.05
0.03
-0.03
0.04
0.03
0.03
0.04
0.05
Free Cash Flow per Basic Share
0.17
0.29
0.25
-0.14
-0.25
-0.23
-0.3
-0.07
-0.06
0.06
-0.01
-0.07
- -
-0.01
Dividend per Share
0.2
0.15
0.09
0.05
0.04
0.05
0.05
0.06
0.03
- -
0.03
0.03
0.04
0.04
Book Value per Share
2.36
2.33
2.1
1.52
1.49
1.44
1.44
1.41
1.35
1.32
1.29
1.31
1.31
1.27
Tangible Book Value per Share
2.34
2.32
2.07
1.5
1.47
1.43
1.42
1.4
1.34
1.3
1.27
1.29
1.3
1.26
Basic Weighted Avg Shares
495
495
495
495
495
495
495
495
495
495
495
495
495
489
Sales/Revenue/Turnover
242
205
175
205
123
140
105
60
29
33
38
36
41
38
Operating Margin (%)
7.49
1.66
-44.83
-7.05
-38.92
-22.14
12.35
-22.31
-54.17
30.21
-1.5
-10.28
-13.48
-7.42
Depreciation Expense
25
26
30
31
29
19
17
16
7
5
5
4
4
4
Net Income, GAAP
81
69
-88
5
10
7
24
13
-15
19
15
17
22
22
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
0.64
- -
0.62
1.2
1.61
2.38
1.7
Profit Margin (%)
33.58
33.87
-50.31
2.52
8.47
5.09
23.02
21.6
-50.89
57.93
40.15
46.99
52.78
57.62
Working Capital
1,353
1,205
1,077
904
832
506
288
286
294
440
428
434
438
418
LT Debt
70
128
- -
60
102
76
1
18
20
1
19
101
100
139
Total Equity
1,166
1,154
1,037
751
736
715
713
699
670
652
637
646
650
631
Return on Invested Capital (%)
3.65
5.37
- -
-2.01
-5.97
-1.16
2.73
6.01
- -
3.07
2.49
2.95
3.53
3.52
Return on Capital (%)
6.43
5.89
- -
0.56
1.27
1.11
3.44
1.89
- -
2.88
2.42
2.88
3.45
3.46
Return on Common Equity (%)
6.55
5.98
-8.05
0.58
1.41
0.98
3.39
1.82
-2.18
2.89
2.39
2.67
3.32
3.47

Capital Structure

QAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
100
100
138
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
495
495
495
Market Capitalization
340
310
329

Working Capital

QAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
503
323
480
Cash, Cash Equivalents & STI
475
285
449
Accounts Receivable, Net
1
1
2
Inventories
20
20
20
Total Current Liabilities
65
64
62
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

QAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.17%
-1.41%
0.64%
Free Cash Flow
-17.73%
-9.26%
-100.63%
Net Income, GAAP
-26.99%
-85.35%
25.62%
Sales/Revenue/Turnover
-9.25%
-3%
11.84%
Total Cash Common Dividend
- -
- -
16.67%

Quarterly Revenue

QAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10
9
8
9
36
2025
10
9
- -
11
41
2026
8
10
- -
- -
- -

Quarterly Earnings Per Share

QAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.01
0.01
0.03
2025
0.01
0.01
- -
0.01
0.04
2026
0.01
0.01
- -
- -
- -

Quarterly Dividends Per Share

QAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
0.03
2025
0.03
- -
- -
- -
0.04
2026
0.04
- -
- -
- -
- -

Company Description

CEO
Hamad Hassan Al-Jamali
Sector
Finance
Industry
Real estate development
Address
Doha Qatar
IPO Date
Apr 29, 2003
Business
Alijarah Holding Q.P.S.C. is a Qatar-based diversified investment holding enterprise that operates in full compliance with Islamic Shari'a principles, specializing in financial leasing, real estate development, commercial transportation, vocational driving education, and asset management. Established in 2003 and headquartered in Doha, Qatar, the company serves individual, corporate, and governmental clients primarily across the State of Qatar. The company delivers its core products and services across multiple structured business segments, offering: Islamic financing and leasing solutions, encompassing Ijara (leasing ending in ownership), Murabaha (cost-plus markup financing), commercial vehicle financing, machinery and heavy equipment leasing, and customized Shari'a-compliant credit facilities; Real estate development and property management services through its real estate arm, including land acquisition, master infrastructure development, property marketing, facility management, and the development, purchase, sale, and leasing of commercial, residential, and industrial properties; Mobility and passenger transport services, operating franchised Karwa taxi fleets, luxury limousine services, corporate transport charters, long-term vehicle rentals, and specialized chauffeuring solutions; Vocational training and educational services through the Alijarah Driving Academy, providing comprehensive driver education for light vehicles, heavy trucks, buses, and motorcycles, alongside defensive driving certifications and VIP driver training programs; Industrial logistics and equipment support, featuring fleet management, heavy construction machinery rental, and commercial transport logistics; and Treasury and capital market investments, covering the active management of Shari'a-compliant equity portfolios, sovereign and corporate Sukuk holdings, funds, and Islamic money market placements. In recent developments, Alijarah Holding has executed strategic operational and portfolio realignments to strengthen recurring revenue streams and optimize capital allocation. The group has significantly expanded the capacity and technological capabilities of the Alijarah Driving Academy, deploying computerized simulation technologies, modernized digital testing platforms, and upgraded training fleet assets to meet growing domestic licensing demand. In its mobility and transportation division, the company has undertaken structural fleet rationalization, shifting focus toward high-margin corporate leasing, public sector transport partnerships, and eco-friendly vehicle integration. On the investment and real estate fronts, Alijarah Holding has optimized its property holdings through selective asset monetization, reinvestment into high-yield Islamic debt instruments and Sukuk portfolios, and strategic collaborations with regional commercial partners to enhance operational efficiencies across its operational subsidiaries.