The company is a “Qatari Public Shareholding Company” of National and Gulf investors, established on 10 January 2008 with a capital of QR 1 billion, of which QR 500 million was paid, divided into 50 million shares. It was established under Article No.68 of the Law No. 5 of 2002 concerning the issuance of commercial companies, and according to the terms and conditions of the Memorandum of Association of the company and its Articles of Association. The establishment of the company was approved under a decision by his Excellence Minister of Business and Commerce No. 22 of 2008, and the election of its Board of Directors, chaired by Mr. Rashid Fahad Al Naimi.
The company offered 50 million of its shares into circulation during January 2010, covering the IPO by 100% of the IPO was curved at the end of the which It announced the success of the operation on 14 February 2010. The Qatar Stock Exchange announced its readiness for trading the company’s shares on the 11 October 2010, after the completion of the administrative and technical procedures necessary for the company’s inclusion and circulation. The company was subsequently listed on the 17 of October that year.
The company operates in agreement with the provisions of the Islamic law, and specializes in such real estate investment and development as: the establishment of residential, commercial and industrial compounds, real estate studies and consulting, contracting, maintenance, brokerages and commission agencies, property-related commercial and real estate representation, marketing, buildings and facilities management, mechanical and electrical equipments and appliances, import and export related to company purposes, investment of company funds as a form of effective management of the company’s liquidity at the discretion of the Board of Directors, and any other activities or purposes as subsequently determined by the General Meeting of the company to the extent permitted under the Qatari regulations and laws in force and effect.
