Estithmar Holding
Qatari holding company
Estithmar Holding QPSC is a holding company headquartered in Doha, Qatar, that manages 129 companies across 10 countries. The company's chairman is Moutaz Al-Khayyat, who also serves as Chairman of Power International Holding, UCC Holding, Baladna QPSC, Assets Group, Aura Group, and TMT Group.
The company is listed on the Qatar Stock Exchange and had a market capitalization of 4.6 billion USD in 2025.
History
Estithmar Holding, formerly Elegancia Group, was part of a 2022 reverse merger that created the company as it is known today. Estithmar Holding went public on the Qatar Stock Exchange in 2022 under the IGRD ticker symbol.
In 2022, Estithmar Holding expanded into the healthcare, services, real estate & touristic development and contracting & industries sectors. Many of Estithmar Holding's projects in Qatar were also opened in 2022, such as The View Hospital, Al Maha Island, Lusail Winter Wonderland, Katara Hills LXR resort, and Maysan Doha LXR resort.
During the FIFA World Cup 2022, Elegancia Services, a subsidiary of Estithmar Holding, secured major services for the tournament, including catering, facilities management, security, and resources.
In 2023, the company's subsidiary Elegancia Arabia expanded into Saudi Arabia, which would soon engage in mega projects like Neom, Red Sea Global, and Shura Island. Also in 2023, the company signed a memorandum of understanding with the Algerian Investment Fund to launch the Algerian Qatari German Hospital.
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This entry incorporates text from “Estithmar Holding” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.