Investment Holding Issues Clarification about 2018 Semi-Annual Financial Statements

August 14, 2018

Investment Holding Group announced, pursuant to the request of Market Operations Department of Qatar Stock Exchange, that Investment Holding Group Q.P.S.C has previously recognized its available for sale investments at cost as per IAS 39 from acquisition date till December 31, 2017. During the current period, the management has reassessed its unquoted investment in equity at fair value as required by International Financial Reporting Standard (IFRS) No. 9 which became effective for annual reporting periods beginning on or after 1 January 2018. The valuation was carried out internally with the assumptions. The estimated fair value amounted to QR31 Million with the difference with the original cost recognized as a fair value gain in the interim consolidated statement of profit or loss.

To view the financial assets clarification click here