Mr Rashid Fahad Al Naimi, Chairman of Mazaya Qatar Real Estate Development Company, has said that the listing of the company’s shares on the Qatar Exchange is beyond its control. “The company has completed all the necessary steps to comply with the terms and conditions required for the listing process, in accordance with the applicable laws issued by the Qatar Financial Markets Authority and Qatar Exchange,” he explained.
“Mazaya Qatar Real Estate Development Company is currently awaiting the final listing approval from the relevant authorities, and it must be noted that there is a sustained follow-up with Qatar Exchange in order to obtain a specific date for the listing. As soon as this date has been established, Mazaya Qatar will inform the shareholders accordingly,” Mr Al Naimi added.
The Qatar Financial Markets Authority approved the listing of Mazaya Qatar Real Estate Development Company, as the company has already met all the required listing conditions, and listing is currently in progress, in cooperation with other parties. The listing process is subject to various considerations, such as the fixing of an appropriate date which does not interfere with the public welfare of the market and the general state of the economy.
In line with its belief in the principles of transparency and disclosure, Mazaya Qatar Real Estate Development Company stated that it would like to reaffirm its commitment to its shareholders, vowing to update them on any progress or development in this regard.
The company stressed the importance of the positive role played by the Qatar Financial Markets Authority and Qatar Exchange in achieving the goal of listing Mazaya Qatar’s shares on the Qatar Exchange.
Said Mazaya Qatar Real Estate Development Company: “We highly appreciate the positive efforts exerted by all the parties concerned and understand the necessity for compliance with specific procedures and applicable laws. We also understand that we need to give these parties enough time to perform their tasks. Therefore, we wish for our shareholders to be patient until the concerned authorities are able to complete the required procedures in a manner that achieves the stated objectives and serves the public interest".
