Al Mazaya Holding to increase capital through acquisition of major stakes in First Dubai and Waterfront
12th April 2010
The Board of Directors at Al Mazaya Holding have voted for and given their stamp of approval to the proposal for acquisition on the remaining stake of subsidiaries, First Dubai and Waterfront; 36% and 21% respectively. The Board of Directors will submit the proposal to the general assembly for final decision and approval through voting process.
May 18, 2009
Kuwait - May 18, 2009: First Dubai Real Estate Development, a subsidiary of Al Mazaya Holding, recently held its annual general meeting. Led by Seraj Al Baker, First Dubai chairman, board member Abdullah Al Rodhan, and a representative of Al Bazie Auditing, the meeting boasted an attendance of 83%.
May 11, 2009
Kuwait - May 11, 2009: First Dubai Real Estate Development has announced the results of its financial performance for the first three months of 2009. The announcement came after a board meeting held yesterday afternoon, led by Chairman Seraj Al Baker, and attended by board members Eng. Khalid Esbaitah, Eng. Salwa Malhas, Abdullah Al Rodhan and Rasha Al Qenai.
Kuwait - 24 January 2009: First Dubai, a subsidiary of Al Mazaya Holding, has earned an ISO 9001:2000 Quality Certificate, certified by Global Certification Limited, after successfully passing the initial assessment.
In line with the ongoing property boom in the region's real estate markets and the soaring competition to launch unique, state-of-the-art projects, another field of competition has been introduced, as property developers are keen to provide easy access to the property products they offer, for investors and audiences' convenience.
An application by the board of directors of First Dubai Real Estate Development Company, a fully owned subsidiary of Al Mazaya Holding, for a capital increase of KD78m has been approved in a General Assembly held yesterday, 14 July 2008, with a 95% attendance rate.
Amlak Finance has agreed to buy 80% of Mazaya Holding’s Skygardens tower in Dubai for $449 million after resolving a disagreement that threatened to derail the deal.
DUBAI — The UAE's facilities management market, estimated to be worth $704 billion over the next 25 years, has been given a fresh boost by the recently expanded Strata or condominium Law.
FM companies, like Spectrum, expect enormous growth as new Strata law takes affect in Dubai. Sky Gardens, pictured, is one of the buildings maintained by Spectrum.