Chairman's Message

Dear Shareholders, Partners and Stakeholders,

The year 2026 marks an important milestone in Q Prime Holding's continued development as one of Qatar's diversified investment and development groups. As your Chairman, it is both my privilege and responsibility to share with you an account of where we stand, what we have achieved, and the direction in which we intend to proceed.

This has been a year defined by discipline, by the consolidation of our core businesses, and by the careful positioning of the Group for sustained performance across the medium and long term. The results of that work are visible — not only in our financial performance, but in the quality of our portfolio, the depth of our management teams, and the clarity of our strategic direction.

Our Business

Q Prime Holding has always operated from a position of long-term conviction. We believe that sustainable value is not created through short-term optimisation, but through the disciplined deployment of capital into sectors where we possess genuine expertise and enduring competitive advantage.

Our portfolio spans four principal areas: real estate development and investment, logistics and industrial infrastructure, asset management, and project management consultancy. Each of these businesses plays a distinct and complementary role within the Group, and each has contributed meaningfully to our overall performance this year.

In real estate, we have continued to develop our pipeline of residential and commercial assets across the Doha metropolitan area and key growth corridors throughout Qatar. The quality of our developments — in their planning, construction and management — remains the foundation upon which our reputation is built, and the standard against which we measure every project we undertake.

Our logistics and industrial division has benefited from the sustained investment in Qatar's physical infrastructure and from the country's continued development as a regional logistics hub. We have expanded our operating capacity, deepened our client relationships, and further strengthened the management team responsible for executing our long-term development plans in this sector.

Our Direction

A holding company is defined not only by what it holds, but by the quality of judgment it exercises over time — in allocation, in governance, and in the character of the institutions it chooses to build and sustain.

At Q Prime, we have maintained a clear and consistent direction throughout this period: to concentrate our resources on the businesses and investments where we see the greatest long-term potential, and to reduce our exposure where strategic logic or market conditions have meaningfully shifted.

This principle has guided every significant capital allocation decision we have made. It has informed our approach to portfolio construction, to debt management, and to the stewardship of our operating businesses. It will continue to guide us as we navigate the opportunities and challenges that lie ahead.

In the year ahead, we will continue to invest selectively and to build where we have genuine advantage. We will maintain our commitment to governance — to the transparency, accountability and rigour that the confidence of our shareholders demands. And we will continue to develop the internal capabilities that allow Q Prime to compete and to grow across an increasingly complex operating environment.

Looking Ahead

We approach the coming period from a position of financial strength and strategic clarity. Qatar's economy continues to demonstrate the resilience and dynamism that make it one of the most attractive operating environments in the region. The fundamentals — a stable political context, continued public investment in infrastructure and services, and a clear long-term national vision — remain firmly in place.

Our businesses are well-positioned to benefit from the sustained investment in urban development, logistics infrastructure and economic diversification that characterises Qatar's long-term development strategy. We see credible and well-grounded opportunities for growth across each of our principal business areas, and we have the management capability and financial resources to pursue them in a disciplined and value-accretive manner.

We remain committed to our shareholders. We remain committed to the communities in which we operate. And we remain committed to Qatar — to its ambitions, to its continued development, and to the long-term advancement of its national economy.

I extend my sincere appreciation to the members of our Board of Directors for their counsel and their diligence. I thank our executive management and every member of the Q Prime team, whose professionalism and dedication make everything we have built possible. And I thank you, our shareholders, for the confidence you continue to place in us. That confidence is both an honour and an obligation that we carry with the utmost seriousness.