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During a ceremony attended by Sheikh Mohamed Abdullah
Forbes names Al Mazaya Holding among top 50 listed influential companies in Kuwait
Dubai, June 00:
Al Mazaya Holding has been ranked among the top 50 listed influential companies on the Kuwait Stock Exchange by Forbes Middle East - a leading source for reliable business news and financial information.
The announcement was made at the annual ceremony organized by the magazine under the patronage of Sheikh Mohammad Abdullah Al-Mubarak Al-Sabah, Minister of State for Cabinet Affairs and Deputy Minister of Information. Sheikh Al-Sabah presented the award to Al Mazaya Holding in the presence of Dr Nasser Bin Aqeel Al Tayyar, President and Publisher of Arab Publisher House, and Publisher of Forbes Middle East.
Al Mazaya Holding Group CEO Eng. Ibrahim Al Soq'abi received the prestigious award in the presence of many prominent business leaders, top CEOs, managing directors of leading public and private sector companies and diplomats in Kuwait and the Arab region.
A humble Al Soq’abi, while expressing his gratitude for the prestigious award, said the company owes gratitude for the same. He outlined that the company’s multifaceted and geographically diverse portfolio of different property types launched in several GCC and Arab countries is the way to go ahead successfully.
He pointed out that development of geographically diversified real estate projects is the core business of the company, which provides a business model that combines between property rental, leasing and sales.
He said: “Al Mazaya Groups adopts a clear-cut strategic plan based on accuracy and transparency in disclosure of its targets, revenues and financial statements and that is its success story.”
Al Soq’abi illustrated that the company is keen to build bridges of trust with its investors, and wants to live up to their expectations by ensuring transparency.
He mentioned that over the past couple of years the company has been posting a significant growth in terms of revenues created from its income-generating and diversified projects launched in different markets under its enviable brand recognition across the region.
Al Mazaya Holding boasts a resilient financial position that enables the company to honour all its short-term and long-term loan obligations timely and also safeguard the interest of its investors and shareholders, Mr. Al Soq’abi said.