30-11-2021
Mazaya Real Estate Development Company disclosed that it had been decided in its favour pursuant to Court of Cassation Judgment No. 540/2021 in the legal dispute with Sinohydro (Contractor of the Sidra Residential Project) regarding the seizure of the value of letters of guarantee in favor of Mazaya Company, amounting to 60 million Qatari riyals on the date of 23/11/2021. Thus, the dispute has been determined by a final judgment in favor of Mazaya Company by canceling the precautionary attachment on the value of the letters of guarantee.