OREANDA-NEWS. The Board of Directors Alijarah National Holding held its meeting on July 16, 2015 at 01:30 pm to discuss and approve the Interim financial statements for the first half of 2015 . T he financial results of the group have shown a temporary exceptional losses of (27.7 9 ) M illion Qatari Riyals compared to a profit of 30 . 679 million Qatari Riyals for the same period of 2014 . L oss per share amount ed to (56) Dirhams in exchange for a n earnings per share of 62 dirhams for the same period of 2014.

CEO of the company explained that the shareholders' equity amounted to more than 2.4 times of the paid - in capital, and the book value of the company's shares is more than the market value by 3.5 riyals, and the company has ambitious plans that are being implemented during the second half of this year.

CEO also said that the losses that have emerged in the financial statements are temporary and exceptional losses and part are extraordinary losses.

He explained that the losses in the financial statements include the value of the decline in financial assets available for sale, which amount ed to (10.78) million riyals , due to stock prices on the Qatar Exchange during the period , and of which 3 mi llion riyals is a part of the amount paid in order to add 500 cars to the fleet of taxis in 2014 . The rest of the losses are for the taxi operating costs, which will drop upon the completion of the ongoing project to build the taxi complex including a serv ice center for the fleet, residential complex for drivers and workers of the company , it is expected to complete th is project during the second half of 2016.

The company enjoys high liquidity of up to 769.49 million riyals that will be used in future projects with excellent returns. The company has a parcel of land at the industrial area of 100,000 m 2 with an estimated market value of 134 million riyals that have not been included in the financial statements based on the accounti ng standards followed by the external auditor in this regard.