NBK Capital has set the fair value of Mazaya stock at KWD 0.165, according to a report issued by NBK Capital.

The research unit of NBK recommended ‘Buy’ on Mazaya stock.

The full-service real estate developer, which is listed on KSE and DFM, received the approval of the capital market authority to buy or sell up to 10% of its shares within the next six months, added the report.

According to the KSE website, Mazaya currently has 619.6 million shares, a net of 68.7 million treasury shares.