Business Category :
Real Estate Agents
Phone number : 40121212
Fax number : 40121213
The company is a “Qatari Public Shareholding Company” of National and Gulf investors, established on 10 January 2008 with a capital of QR 1 billion, of which QR 500 million was paid, divided into 50 million shares.It was established under Article No.68 of the Law No. 5 of 2002 concerning the issuance of commercial companies, and according to the terms and conditions of the Memorandum of Association of the company and its Articles of Association. The establishment of the company was approved under a decision by his Excellence Minister of Business and Commerce No. 22 of 2008, and the election of its Board of Directors, chaired by Mr. Rashid Fahad Al Naimi.
The company offered 50 million of its shares into circulation during January 2010, covering the IPO by 100% of the IPO was curved at the end of the which It announced the success of the operation on 14 February 2010. The Qatar Stock Exchange announced its readiness for trading the company’s shares on the 11 October 2010, after the completion of the administrative and technical procedures necessary for the company’s inclusion and circulation. The company was subsequently listed on the 17 of October that year.
The company operates in agreement with the provisions of the Islamic law, and specializes in such real estate investment and development as: the establishment of residential, commercial and industrial compounds, real estate studies and consulting, contracting, maintenance, brokerages and commission agencies, property-related commercial and real estate representation, marketing, buildings and facilities management, mechanical and electrical equipments and appliances, import and export related to company purposes, investment of company funds as a form of effective management of the company’s liquidity at the discretion of the Board of Directors, and any other activities or purposes as subsequently determined by the General Meeting of the company to the extent permitted under the Qatari regulations and laws in force and effect.
Mazaya Qatar’s mission is to provide the best possible returns to shareholders with state-of-the-art systems in real estate services, bringing together global reach alongside local expertise. To this end, Mazaya Qatar will be amongest the leading real estate development firms in Qatar and the greater region by using proven regional strategies and expertise to further develop the local market. Working in synergy with our Management Company Al Mazaya Holding Company K.S.C.H and our shareholders, the Company looks forward to expanding our regional and international reach for the best possible returns for our investors.
Mazaya Qatar aims to be one of the major real estate development companies in the Gulf. Our underlining foundation is to meet the highest expectations of local, regional, and international partners, and to enhance the building industry in the region with dynamic and inspiring projects.
Mazaya Qatar Real Estate Development QSC considers itself a company defined strongly by its human capital - the ‘value’ of its people. Its board of directors brings expertise from various countries and sectors - public and private alike - to ensure that corporate governance is in line with international best practice, and that strategic decisions taken by management are based upon the highest possible quality advice. You can read more detail about the background of the Board on that page.
Likewise, the company’s executive management team brings together a top-tier mix of experiences and backgrounds. And alongside a staff which is draft from the best and brightest young talent around (and which is supported with best-in-industry training programmes) we have the continued support of Qatar Foundation for Education, Science and Community Development. Mazaya Real Estate development in 2010 signed a 20-year build, operate and transfer deal with Qatar Foundation to build and manage two projects in Qatar - the residential segment of Sidra Medical and Research Center, located in the Education City Development by Qatar Foundation; and the QR1billion Marina Mall project, covering a total area of 57,605 square meters which Mazaya Qatar Real Estate Development will build and manage for Qatar Foundation. Qatar Foundation’s Vice President of Administration is also Mr Rashid Al-Naimi - Mazaya Qatar Real Estate Development’s Chairman.
The value that the Foundation brings goes far beyond finance and logistics, but extends to a multi-stakeholder, multi-sector expertise that makes Mazaya Qatar Real Estate Development QSC’s offering to clients a non-risk, high value proposition.
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