Mazaya Qatar IPO fully subscribed

Mazaya Qatar Real Estate Development yesterday announced it achieved 100 per cent subscription of its initial public offering (IPO). The total put up shares reached 50 million, with QR10 being the nominal value per share.

The company will use its current and subscribed capital to fund its operations and future plans.

An economic feasibility study conducted by the company shows the way of employing these funds across a five-year period.

The shares of Mazaya Qatar will be listed on the Qatar Exchange.

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