The Qatari affiliate of the Kuwaiti developer Al Mazaya hopes to raise as much as 500 million rials (Dh504m) in a public issue.
Mazaya Qatar Real Estate Development is preparing an initial public offering (IPO) for next month despite a weakened appetite among investors for property investments.
“Our advisers tell us that it should be well subscribed. Cash is king,” said Seraj al Baker, the general manager of the company.
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