Arqaam Capital Confirms Al Mazaya Holding’s Fair Value per share at KWD 160 Fils

Arqaam Capital has confirmed Al Mazaya Holding’s fair value per share at KWD 160 Fils, 50 per cent higher than its current trading price at the Kuwaiti Stock Exchange.

According to a report issued by ARQAAM Capital, the new valuation is justified by the robust growth incentives of Al Mazaya Holding’s investments, which are centered in Kuwait, UAE, Saudi Arabia, Oman, Bahrain and Turkey. In addition, the profit mix generated by the company’s real estate sales and rental returns earned the company the high valuation.