Annual report eng.2018

PROPERTY MANAGEMENT A l Mazaya acts on behalf o f its owners to provide s ervices such as legal r egistration, governmental f o l l ow u p , a n d r e n t collection and contracting. O ur Property and Facility Management Department a s sures inves tor s tha t t heir properties are taken c are of in the best way p ossible. Services offered i nclude cleaning, security, m a i n t enance , l eas i ng , I T, and valet parking. In a ddition, our professional p rope r t y managemen t t eam will evaluate the property and determine an a ccurate rental rate, along w ith tenant screening and selection. PORTFOLIO MANAGEMENT A l Mazaya ’s po r t f o l i o m anagemen t d i v i s i on p r ov i de s wo r l d - c l a s s management services to r ea l e s t a t e compan i e s within Al Mazaya Group, as well as to external clients. O ur services encompass consultations on the various a spec t s o f r ea l es t a t e management inc luding O ve r a l l Managemen t Services, Strategic Planning a nd Budgeting, Business O perations, Policies and P rocedures, Operational M anuals, and Setup of IT S ystems. Furthermore, we provide professional advice on investment opportunities l ocally and regionally, e nsuring our clients m ake informed decisions. R ea l e s t a t e po r t f o l i o management at Al Mazaya ha s a r e s pon s i b i l i t y t o maximize the performance a nd value of a company’s portfolio of real estate assets that are owned or managed t hrough acquisitions and operations. REAL ESTATE VALUATION A significant addition to t he range of services that A l Mazaya provides is the V aluation of Real Estate P roperties – an important s tep in determining the t rue value of a property. Such Valuation is extremely e xpedient when preparing f eas ibi l i t y repor t s for p rojects on sale or for f uture expansion, as well a s accurately calculating a company ’s a s s e t s . Valuating real estate means m easuring the value of a property in terms of p rojected future profits and preparing an inclusive report, in compliance with international standards and r egulations. The service t hat we offer is crucial t o mor t gage l ende r s , i nvestors, insurers, as well as the buyers and sellers of real estate property. ANNUAL REPORT 2018 19 Board of Directors & Executive Management Message from the Chairman Message from the Group CEO Operations & Services Mazaya Projects Corporate Governance Report Audit Committee´s Report Financial Report 2018