16-03-2025
Based on the decision of the Ordinary General Assembly of the Group on July 15, 2024, approving the Board of Directors' proposal to sell certain investment properties, the Board of Directors held on January 30, 2025, and decided to evaluate Ezdan 40 Compound through certified real estate valuers to determine the appropriate course of action.
The property under evaluation is a residential compound consisting of 101 villas two-floor (Ground + First + Penthouse) and a health club (Ground + First). Property deed number: 213226, Plot number: 91010663, located in Al Wakra/Al Wukair, Area number: 91, Street name: Al Jassasiya (986), Building number: 76.
On March 16, 2025, the Board of Directors reviewed the valuation reports, which were as follows:
First valuation: QAR 414,450,000
Second valuation: QAR 410,130,000
Third valuation: QAR 405,720,000
Accordingly, the Board of Directors has decided the following:
- To select the highest valuation price, QAR 414,450,000, as the listing price for the property.
- To open the bidding process for purchasing the property, starting from 8:00 AM on Monday, March 17, 2025, until 2:00 PM on Sunday, March 23, 2025.
Please note that all received purchase offers will be disclosed and submitted to the Ordinary General Assembly for a final decision.
Required Documents:
- Purchase request including buyer’s details.
- Copy of Qatari ID (for individuals) or recent official company documents (for corporate buyers).
Interested buyers must submit their purchase requests along with the required documents at the company’s head office located in Ezdan Towers, Dafna, within the specified timeframe.
All submitted purchase offers will be disclosed, and shareholders will be invited to an Ordinary General Assembly meeting to review and decide on the offers received.