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Mazaya Qatar will announce its first project soon, its chairman said in a statement today. The company revealed the news as it announced plans to offer 50% of the company in an IPO open only to Qatari citizens and firms.

Mazaya Qatar preparing public issue

The Qatari affiliate of the Kuwaiti developer Al Mazaya hopes to raise as much as 500 million rials (Dh504m) in a public issue. Mazaya Qatar Real Estate Development is preparing an initial public offering (IPO) for next month despite a weakened appetite among investors for property investments. “Our advisers tell us that it should be […]