Hassad Australia make another farming loss

Hassad Australia make another farming loss
Hassad Australia make another farming loss

Hassad Australia, the $469 million agricultural land company owned by Qatar's sovereign wealth fund, has delivered a $3.46 million loss.

The Australian Financial Review reported it was yet to make a profit since arriving in Australia in 2010 with a combined loss of $27 million.

Hassad owns 14 agricultural property aggregations in Queensland, NSW, Victoria, South Australia and Western Australia, totalling about 300,000 hectares of pastoral and cropping land. 

The Hassad board is chaired by Nasser Mohamed Al Hajri, who chaired the delegation of the state of Qatar at the World Bank and International Monetary Fund.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Company Profit Agricultural Land

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