With reference to the previous announcement made by Mazaya Qatar Real Estate Development company  dated April 11, 2018 in respect of initiating an assessment process by Granada Real Estate Investment Company, a subsidiary of Mazaya, for the acquisition of Tornado Company, the owner of  the Tornado Tower in the West Bay Area, we hereby inform you that Granada & the two companies owning the Tornado Company have  mutually agreed and haven taken a final decision not to proceed with the acquisition.