Mazaya not to merge with Mackeen

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

News

Mazaya Qatar eyes Turkey, Spain for projects this year

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

MAZAYA QATAR DISCLOSES 2013 FINANCIALS WITH QR 134 MILLION

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

Intent of Mazaya Qatar Real Estate Development

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

Most Viewed Companies

Ticker Price Volume

Valuation

MRDS Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
EMAAR 13.65 0.10 (0.73%)
ALDAR 8.66 0.36 (4.33%)
EMAARDEV 14.90 0.15 (1.01%)
ERES 1.12 0.01 (0.90%)
MABANEE 1,050.00 -6.00 (-0.57%)

Recent News

Gulf Bank launches Concierge App in collaboration with Peacock Concierge

06/03/2026

As part of its ongoing commitment to delivering innovative digital solutions that enhance customers' lifestyles, Gulf Bank has launched its new Concierge App in strategic collaboration with Peacock C

Kuwait Times

Union Properties joins Massachusetts institute's industrial liaison programme

06/03/2026

Union Properties, one of the UAE's leading master developers, said it has entered into a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Indu

Trade Arabia

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

06/03/2026

Emirates NBD has waived a range of banking fees for customers across the UAE and the wider Gulf, making cash and card services easier to access during a period of heightened regional uncertainty.

Gulfnews

2PointZero buys majority stake in Italian packaging group ISEM for $192m

06/03/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has announced that it has formally completed the transaction to acquire a majority position in ISEM,

Trade Arabia

SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

06/03/2026

SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for ?28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe's major air carg

Arab News

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap