It is the second time in IQ’s eight year history that group revenues exceeded the QR 12 billion mark. The group recorded revenue of QR 12.3 billion for the year ended December 31, 2010 and QR 3.9 billion in the fourth quarter, representing a year on year increase of 25.1% and a quarter on quarter increase of 27.0%. And, with full year net profits totaling QR 5.6 billion, the group has achieved its second highest earnings on record.

Total assets as at December 31, 2010 were QR 31.9 billion, an increase on last year of QR 4.5 billion or 16.3%. Closing cash and short-term deposits decreased by QR 0.7 billion on 2009, reflecting capital expenditures, loan repayments as well as dividend payments during the year.





2010 Annual Report