In
Complementary Disclosure, Mazaya Qatar Receives Offer on Merging with Al
Bandari Real Estate Company
23 January 2020
With reference
to the previous announcement, in which it has shown interest to embark
on studying the prospect of merging with Al-Bandari Real Estate Company,
Mazaya Real Estate Development Company has announced that it wishes
to inform its shareholders in particular and investors in general, that
it has received an offer, on 22 January 2020, from Al Bandari on the
subject of merger process.
After consulting
the company’s financial and legal advisor, this offer has been raised
and referred to the board of directors to study and take the required
and necessary procedures.
Consequently,
the Board will disclose its recommendation as soon as it is prepared to
be presented to the General Assembly, in addition to taking into respect
the requirements of the regulatory authorities, including Qatar
Financial Markets Authority and Qatar Stock Exchange.
The company has
earlier appointed Al Rayyan Investment Company as a financial advisor,
Sharq Law Firm as a legal advisor and other specialized consultants to
provide the right technical support to help them take the right
decisions.