12:38 AM EDT, 08/03/2026 (MT Newswires) -- Al Mazaya Holding Co. (DFM:MAZAYA) received approval from the Capital Markets Authority for its merger by amalgamation with Waterfront Real Estate Co., according to a Sunday release. The Dubai-listed real estate developer will be the merging entity, and Waterfront Real Estate will act as the merged company, subject to approvals at the extraordinary general assembly of both companies. Al Mazaya noted that the financial impact of the transaction will be determined after the completion of the process.

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