Author: Mohammed Alqadi

Mazaya Real Estate Development Company discloses its financial statements for the year ended December 31, 2023. The statements show that the net profit is  (QR 29,687,237) compared to net profit amounting to (QR 41,008,041)  for the same period of the previous year. The earning per share amounted to (QR 0.026) for the year ended December… Continue reading DISCLOSES THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

The Board of Directors of Mazaya Real Estate Development meeting will be held on Monday February 19, 2024, at 1:30 p.m. to discuss the Financial Statements for the year ended December 31, 2023.

Mazaya Real Estate Development company has announced the sale of lands located in the Wadi Al Safa area – Dubai, with a total value estimated approximately at 32.5 million UAE dirhams, equivalent to 32.3 million Qatari riyals.

Mazaya Real Estate Development Q.P.S.C. announces the completion of the process of replacing Al Daayen land plot (Pin number: 70018688) with Al Mashaf land plot (Pin number: 91042161) with an area of 29,319 square meters, with the same commercial activities.

Mazaya Real Estate announces that it has obtained all the necessary approvals to implement the capital reduction process, as per the resolution of the Extra Ordinary General Meeting (EGM) dated 17/05/2023 which approved the reduction of the company’s capital and the cancellation of 157,625,000 shares, equivalent to QAR 157,625,000, which represents 13.6% of the total… Continue reading Disclosure of Capital Reduction for Mazaya Real Estate Development Q.P.S.C.

Mazaya Real Estate Development Q.P.S.C. announces the completion of a commercial transaction consisting of the acquisition of the Gold Plaza complex in Abu Hamour area, which includes commercial and residential units with a total area 11,366 square meters, the value of the transaction is QAR 180,000,000.

Mazaya Real Estate Company Q.P.S.C. has announced the launch of the Vera Tower project in Lusail city. It is an upscale residential tower distinguished by its modern design and its view of Lusail city and its diverse amenities. The Vera Tower project is scheduled to be completed in 2026. In a statement by Sheikh Hamad… Continue reading Vera Tower

MAZAYA REAL ESTATE DEVELOPMENT (QPSC) disclosed its financial statements for the period ended on September 30, 2023. The statements show that the net profit is (QR 21,544,513) compared to net profit amounting to (QR 32,192,431) for the same period of the previous year. The earnings per share amounted to (QR 0.019) for the period ended… Continue reading MAZAYA REAL ESTATE DEVELOPMENT (QPSC) DISCLOSES ITS FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023

Mazaya Real Estate Development Company Q.P.S.C. (“Mazaya”) discloses the issuance of a ruling in Appeal No. 174/2023 in the appeal raised by Mazaya against QFMA’s decision to fine Mazaya QR 200,000. The Court of Appeal has rejected Mazaya’s appeal obligating Mazaya to pay the fine. Mazaya has instructed their external legal counsel to file for… Continue reading Disclosure on Court Decision

Mazaya Real Estate Development Company Q.P.S.C. (“Mazaya”) discloses the ruling of the Court of Cassation No. 756 of 2023, where the court ruled on 19/09/2023 to appeal the ruling issued by the Court of Appeal in Case No. 78 of 2020 on 11/04/ 2023 related to the ongoing dispute with Sinohydro Corporation Limited. Thus, the… Continue reading Discloses the ruling of the Court of Cassation