Kuwait – Mubasher: Al Mazaya Holding announced that its presence in Qatar is limited, as it exited from its direct investment in the Qatari firm Mazaya for Real Estate Development in 2015.

However, it still owns a 0.05% stake in the Qatari firm, according to a filing to Boursa Kuwait on Wednesday.

Al Mazaya Holding owns a 17.5% stake in First Qatar Real Estate Development Company which owns underway construction projects in Qatar.

Al Mazaya’s profits rose 2.7% to reach KWD 1.91 million in the first quarter of 2017, compared to KWD 1.86 million in Q1-16.