By Islam Salem
Doha-Mubasher: Mazaya Qatar Real Estate Development (MRDS) plans to increase its capital and boost local and global market shares, said CEO Hamad Al-Hedfa.
On the sidelines of the general meeting held on Tuesday, Al-Hedfa told reporters that his company seeks to reschedule some of its current investments, in addition to undertaking others to diversify its income resources.
The general meeting gave the go-ahead for increasing capital through distributing 5.25 million bonus shares. The post-increase capital reaches QAR 1.1 billion ($0.30 million), divided into 110.25 million shares.
FY15 earnings reached QAR 112.72 million ($30.93 million), falling 33.5% compared with QAR 169.44 million ($46.49 million) in 2014.
Translated by Abdul Maguid Aboshahla
