Ezdan Holding Group has nullified its earlier proposal to become a private entity by delisting from the Qatar Stock Exchange (QSE) in view of the robust momentum in the domestic economy.
Ezdan Holding Group has announced that lease is now open for the first phase of ‘Ezdan Oasis’ in Al Wukair, the group’s largest real estate project spanning 1mn square metres with over 9,000 residential units.
The delisting process-laden Ezdan Holding continued to bludgeon Qatar Stock Exchange, which on Wednesday plunged below 10,000 levels.
Ezdan Holding, which has been temporarily taken off the indices, on Tuesday hit the lower circuit filter of 10% to the overall drag of the Qatar Stock Exchange, which, however, remained above 10,000 levels.
Ezdan Holding, which will temporarily be taken off the indices following its proposed delisting, had its dampening effect on Monday on the Qatar Stock Exchange, which otherwise saw gainers outnumber decliners.
The Ezdan Holding pavilion at the Cityscape Qatar 2016, held on April 26–28 at the Doha Exhibition and Convention Centre.