Complex Made Simple

Mazaya Qatar eyes buying investment property

The QE 20 Index closed 0.48 per cent higher to reach 10,453.15 points on Monday, December 23. Banks mostly landed in the green, with Qatar National Bank (up by 0.46 per cent at QR174.90), Qatar Islamic Bank (0.14 per cent higher at QR69.50) and Commercial Bank of Qatar (increasing 0.43 per cent to reach QR70.20) gaining slightly. Mazaya Qatar slipped 0.18 per cent at QR11.36. Earlier in the day, Mazaya said that it received a purchase offer for one of its investment properties and the company is considering this offer. Mazaya will update the public and its shareholders soon about the offer.

Gérard Al-Fil