Al Mazaya mulls more investments

Al Mazaya Holding is currently studying additional investment opportunities in the region and in international markets, said Eng Ibrahim Al Soqabi, Group chief executive officer of Al Mazaya Holding, on Monday.

"The company regularly monitors the changing developments in the financial and international markets and the impact they have on the region's real estate sector. This is to examine the effect on existing projects and those currently underway, as well as to enable informed decisions to be made regarding the company's entry into new ventures. The company's growth in these markets will involve many strategic partnerships and joint ventures with elite investors, so as to achieve the highest returns that serve the interests of the company and investors," said Al Soqabi.

The Group chief executive officer made these comments on sidelines of announcing financial results for first half of 2016.The company announced a net profit of $13.68 million in the first half of 2016, compared to $13.54 million in the corresponding period for 2015, on Monday."The company was able to follow the schedules precisely and efficiently," said Al Soqabi. -