Doha-Mubasher: Mazaya Qatar Real Estate Development will hold its ordinary and extraordinary general meetings on 1 March, to discuss bonus share distribution and capital increase, the company said in a bourse statement.
The ordinary meeting will look into the board’s recommendation on distributing 5-for-100 bonus shares.
Meanwhile, the extraordinary meeting will discuss raising capital by 5% to QAR 1.1 billion (110.25 million shares).
The real estate developer posted net earnings of QAR 112.72 million for 2015, compared to QAR 169.44 million a year earlier.
At 12:30pm Qatar time, the stock rose 0.45% to QAR 11.36.
