Qatar: $13.5 billion in profits of joint-stock companies in 2022

Al-Anbat - Raghad Saad

Qatari public shareholding companies achieved a growth in their net profits during the last year, amounting to 10.5 percent, compared to the profits of 2021. 

According to the Qatar Stock Exchange website ,on Monday, the value of profits of Qatari companies listed for trading on the stock exchange amounted to about 49.1 billion riyals ($13.5 billion ), up from 44.5 billion riyals ($12.2 billion) during the year 2021. 

Banking and financial services companies ranked first in profits according to trading sectors on the Qatar Stock Exchange, with net profits of 26.4 billion riyals last year compared to 24.5 billion in 2021.  

The industrial sector came in second place, which achieved profits of 14.4 billion riyals, up from 13.6 billion in 2021, while the telecommunications sector companies ranked third, with net profits of 2.8 billion riyals, compared to 374 million riyals in 2021. 

And in fourth place, companies in the transportation sector, 

which achieved net profits of 2.6 billion riyals, up from 2.3 billion in 2021, and the services and consumer goods sector came in fifth place, with net profits of 1.8 billion riyals, which are the same profits during 2021. 

And it ranked sixth , the real estate sector, as it achieved net profits of 1.6 billion riyals compared to 1.2 billion in 2021, while the insurance sector came in last place, which incurred losses of more than 700 million riyals compared to about one billion riyals net profits for the year 2021.