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22/01/2015 07:40 AST
Mazaya Qatar Real Estate Development has decided not to proceed with its earlier decision to merge with Mackeen Holding. Mazaya's board of directors made the announcement in a regulatory filing to Qatar Exchange (QE) yesterday.
The company said it pulled from the merger deal after economical and financial studies "demonstrated the absence of common benefits in this framework for both companies".
Mazaya Qatar Real Estate Development and Mackeen Holding had announced their proposed merger last February following talks and consultations in this regard and had agreed then to commission a an international specialist office to evaluate the assets of the two companies in order to be submitted to the two general assemblies to make the final decisions on how the merger should be executed.
The Peninsula
23/04/2014
Mazaya Qatar Real Estate Development is looking to secure infrastructure projects in European countries this year, particularly in Turkey and Spain, as well as in Bosnia, the company's chief executiv
Gulf Times
24/03/2014
Mazaya Qatar Real Estate Development Company discloses the financial statements for the year ended December 31, 2013. The financials revealed a net profit of QR 134 Million in 2013 versus QR 62.8 Mil
Press Release
02/02/2014
MazayaQatar Real Estate Development & Mackeen Holding has discussed the intent tomerge both companies. An international specialized firm will be appointed tovalue the assets of both companies, before
Press Release
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25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
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