Sunday 17, June 2012 by Robin Amlôt
No 2011 dividends from Al Mazaya, settlement with Tamweel boosts cash generation
Al Mazaya CEO, Eng Nayef Al Awadi, has revealed that one of the most prominent achievements in 2011 was Mazaya’s settlement with Tamweel which have enhanced cash generated from sales in the Villa residential project. He added that agreements were signed with contractors to reduce value of contracts and financial obligations. The company has, also, finalised settlements with 5000 clients.
