Qatar Exchange | Mazaya Qatar Real Estate Development Company | Discloses the judgment in the lawsuit 540/2021

 

Mazaya Qatar Real Estate Development discloses the judgment in the lawsuit no 540 .Mazaya Real Estate Development Company Q.P.S.C. (“Mazaya Company”) discloses that it has been adjudicated in its favour pursuant to Court of Cassation Judgment No. 540/2021 in the dispute that existed between it and Sinohydro (the contractor of the Sidra Village project) regarding the seizure of the letters of guarantee in favor of Mazaya Company amounting to 60 million Qatari riyals on 23/11/2021. Thus, the dispute has been divided by a final judgment in favor of Mazaya Company by canceling the precautionary attachment on the value of the letters of guarantee.

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