Estithmar Holding reports record results for H1 2025

1 / 2
2 / 2
Short Url
Updated 02 August 2025
Follow

Estithmar Holding reports record results for H1 2025

Revealing an exceptional performance across all key financial metrics, Estithmar Holding Q.P.S.C. has announced its financial results for the six-month period ending June 30, 2025.

The company reported revenue of 3.07 billion Qatari riyals ($844 million), an 87 percent year-on-year increase. The gross profit soared by 134 percent to 1.05 billion Qatari riyals, while EBITDA rose 97 percent to 732 million Qatari riyals compared to H1 2024. The net profit reached 465 million Qatari riyals, up 97 percent year-on-year, while earnings per share doubled, reaching 0.13 Qatari riyals.

While Estithmar Holding continues its upward trajectory in its financial and operational indicators across all its financial disclosures, this remarkable leap in results for H1 2025 is mainly attributed to increased revenue through its international expansions across its four sectors in Saudi Arabia, Iraq, Algeria, Libya, Maldives, Jordan, and Kazakhstan.

The company’s enhanced operational performance also underpinned an EBITDA of 732 million Qatari riyals, an increase of 97 percent, driven by disciplined financial and operational policies, which improved the profit margin.

“Our exceptional first half performance demonstrates the strength of our strategy. By focusing on value creation, sector leadership and disciplined capital allocation, we have delivered greater operational efficiency, robust revenue growth and margin expansion,” said Juan Leon, group CEO of Estithmar Holding.

He added: ”Sustained and balanced growth across our four clusters remains central to our investment strategy. We continue to drive innovation and adopt advanced operational technologies. With a distinctive blend of capabilities and expertise, Estithmar Holding is well placed to deliver exceptional stakeholder value and extend our footprint globally.”

Currently, Estithmar Holding’s operations span seven countries in addition to Qatar. The health care sector has expanded to Algeria, developing the Algerian Qatari German Hospital, Iraq through the management of Al-Imam Al-Hassan Al-Mujtaba Hospital and Al-Nasiriyah Teaching Hospital in Karbala and Di-Qar governorates, and to Libya, managing Misrata Heart and Vascular Center.

The real estate development and tourism division features major projects such as Rixos Baghdad Hotel and Residences in Iraq and the Rosewood Resort in the Maldives, both progressing at an accelerated pace. The services division has expanded its operations across Saudi Arabia, Iraq, Maldives, Libya, Jordan, and Kazakhstan, sustaining revenue growth through operational diversification and scale.

Specialized contracting activities have also expanded in Saudi Arabia, having been awarded major projects such as Red Sea Airport, five hotels in Shura Island, Sindalah Yacht Club and others, besides projects in the Maldives, and Iraq.

Record share performance

Estithmar Holding’s share showed robust and sustained upward momentum during H1 2025, climbing 77 percent. This indicates a transition from steady accumulation to a sharp upward trend, driven by increased investor confidence, ongoing profit growth, and the company’s expansion activities.

The company’s share performance reflects its sound management and operational policies focused on enhancing investor value. This aligns with the company’s long-standing commitments expressed in previous statements, alongside the launch of diversified projects and expansion initiatives.


Muzz helps GCC to embrace modern marriage without compromising faith

Updated 18 December 2025
Follow

Muzz helps GCC to embrace modern marriage without compromising faith

In an era where digital platforms shape nearly every aspect of modern life, many Muslims across the world are turning to technology not for casual interactions, but for something far more meaningful: marriage. Among the platforms leading this shift is Muzz, the world’s largest Muslim marriage app, which has established itself as a trusted space for young professionals, families, and faith-minded individuals seeking genuine, value-aligned connections.

With a global community of more than 15 million members and over 600,000 marriages facilitated through the platform, Muzz has redefined how Muslims meet and communicate while honoring cultural expectations and Islamic principles. Its rapid growth reflects an increasing demand for tools that offer modern convenience without compromising traditional values.

Muzz’s origins trace back to 2011, when founder Shahzad Younas created a simple website from his London bedroom. What started as a small personal project soon evolved into a pioneering venture. In 2017, the platform became the first Muslim-focused startup to be accepted into Y Combinator, the Silicon Valley accelerator known for backing giants such as Airbnb and Dropbox. This milestone marked a turning point that propelled Muzz from a grassroots idea into a global technology brand.

Today, the company operates with more than 150 employees across several regions, serving diverse Muslim communities throughout the Middle East, Southeast Asia, Europe, and North America. Despite its global footprint, the platform remains rooted in a clear mission: to offer Muslims a safe, respectful, and intentional way to pursue marriage.

In contrast to mainstream dating apps that cater largely to casual relationships, Muzz’s guiding philosophy is that “Muslims don’t date — they marry.” This principle shapes the platform’s user experience and distinguishes it from competitors. The app incorporates features designed specifically to reflect Islamic values, including privacy tools, optional chaperone modes, verified profiles, and a strong emphasis on safety and conduct. These elements resonate particularly strongly with users in the GCC, where cultural expectations around courtship remain firmly tied to modesty, family involvement, and serious intentions.

“We built Muzz to empower Muslims with a tool that fits their lives and their values,” said CEO Younas. “Our users want modern convenience, but they also seek sincerity and intention. Muzz brings both together.”

Beyond impressive numbers and global reach, the platform’s impact is evident in the personal stories shared by couples who found each other through it. Omar and Noura, a Saudi–Jordanian couple who married last year, credit Muzz for creating the opportunity that brought them together. Living in different countries, they never expected their paths to cross naturally. “Conversations on Muzz felt sincere from the start,” Omar said. “Within weeks, we realized this was something real.”

For individuals like Sara, a single mother from the Gulf region, the app provided a renewed chance at companionship after years of hesitation. Concerns about trust and privacy initially held her back, but the platform’s respectful environment helped her feel comfortable enough to explore the process. “Muzz felt intentional,” she said. “I met someone who understood my journey, someone I didn’t expect to find.”

Stories like these, now numbering in the hundreds of thousands, highlight how thoughtfully designed technology can support tradition rather than undermine it. The platform’s growing adoption in Saudi Arabia and the UAE reflects this balance, combining technological ease with the cultural sensitivity deeply valued in the region. According to a spokesperson for the company, this growth demonstrates a widespread desire for tools that honor authenticity and respect while offering users an accessible way to pursue marriage.

In addition to its role as a matchmaking platform, Muzz has emerged as a socially conscious brand committed to humanitarian initiatives. The company has raised more than $1.2 million in charitable contributions, supporting essential projects in Sudan, Pakistan, Türkiye, Palestine, and other regions. Its donations have helped fund bakeries, mobile clinics, temporary shelters, and emergency relief efforts, reinforcing its commitment to community support and ethical responsibility.

As digital tools continue to influence how people work, communicate, and build relationships, Muzz’s success illustrates how technology can harmonize with religious and cultural values. By offering a platform grounded in sincerity, safety, and faith-centered design, Muzz is shaping a new chapter in Muslim matchmaking, one where innovation and tradition work hand in hand to help people build lasting connections.