Mazaya Real Estate Development Q.P.S.C. announced the completion and receipt of two buildings from the Qatar Company for Reclamation and Development of Expansive Lands and Rehabilitation located in Messimer, at a value of 53 million riyals, with an annual return equivalent to 7.8%, and leased for a period of five years, subject to renewal, in accordance with the terms and conditions stipulated in the contract. This step came as part of the companys plan to implement the directives of the Chairman and members of the Board of Directors by strengthening the companys assets and increasing revenues, a step that will enhance the benefit of the shareholders and the company. Based on the Sale and Purchase Agreement concluded between Mazaya and Qatar Company for Reclamation and Development of Expansive Lands, where Mazaya had intended to acquire four buildings in the Messimer area.

However, due to the effects of increasing profit rates, Mazaya has settled for two buildings and opted out of the remaining two.