Al Mazaya says exposure to Qatar ‘very limited’

Dubai

Al Mazaya Holding confirmed on Wednesday its exposure to the Qatari market is “very limited.”

In a statement to the Dubai bourse, the company said it exited investments in Mazaya Qatar in 2015, and still owns 0.05 per cent of the shares of Mazaya Qatar with a value of around 42,620 Kuwaiti dinars.

It also owns a 17.5 per cent stake in First Qatar Real Estate Development Company, which has property investments in Qatar, though those represent 3.8 per cent of the company’s overall assets.