Al-Mazaya buys 50 percent of First Dubai for Real Estate Development

Published May 7th, 2006 - 06:33 GMT
Al Bawaba
Al Bawaba

Kuwait's Al-Mazaya Holding Company has purchased 50 percent of First Dubai for Real Estate Development, said Mazaya Deputy Director and CEO Khalid Istbita. According to Kuna, he said in a press statement Saturday that First Dubai was a Kuwaiti shareholding company with a capital of KD 20 million and was set to be listed in Kuwait Stock Exchange soon.