Mazaya Qatar Discloses Its Financial Statements for 2016

Doha, March 15 (QNA) - Mazaya Qatar Real Estate Development Company has disclosed its financial statements for the period ended on December 31, 2016. The statements shows that the net profit is QR 74,625,565 compared to net profit amounting to QR 112,722,861 for the same period of the previous year, the company said in a press release. Earnings per Share (EPS) amounted to QR 0.677 for the period ended December 31, 2016 to EPS amounted to QR 1.022 for the same period of the previous year. In addition to the proposal distributions, the Board of Directors has proposed to the General Assembly to distribute bonus shares of 5% i.e. 5 shares for each 100 shares. The Board of Directors also announced an invitation to attend the AGM and extraordinary meeting of the company on Wednesday, April 12. In the absence of quorum, a second meeting will be held on Monday, April 17, 2017. The company also announced the opening of nominations for membership of the Board of Directors for the next three years (2017, 2018, 2019) as of Monday morning, March 20, until Thursday, March 30, at 2:00 pm. Mazaya Qatar is a public shareholding company established in 2008. It specializes in real estate investment and development in the Middle East, and provides real estate studies and consulting, contracting, maintenance, brokerages and commission agencies, property-related commercial and real estate representation, marketing, buildings and facilities management, and others. (QNA)