14.04.2011 - Mazaya to raise Marina Mall funds through Sukuk
Mazaya Qatar is planning to raise funds through equities and sukuk for its QR1bn Marina Mall project. However, the QR1bn capital-based company, in which Qatar Foundation holds a 21.19% stake, is planning to finance in-house its other two projects Housing Complex for Qatar National Convention Centre and Sidra residential project: all the three belong to Qatar Foundation. Mazaya will focus more on domestic projects since the country presents more opportunities than any others in the region because of the high economic growth and an expenditure-oriented budget, which was presented early this month, said chairman Rashid Fahad al-Naimi.............................................Full Article: Source
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