Annual report 2020 eng

ANNUAL REPORT 2020 6 Our Valuable Shareholders, I'm pleased to meet you during this annual report to highlight the Company's achievements for the past year and our plans for the upcoming phase which would not have taken place if it was not for your continuous support and big confidence which constitutes the backbone of our output and continuity. The year 2020 was the year of challenges and difficult choices, which we were able to confront in light of the rapid changes that cast their shadows on the various sectors and keeping abreast of them by following a firm and balanced crisis and risks management and conservative policies in view of the major changes witnessed by the local and international markets in which we operate, as a result of the side effects of the coronavirus pandemic. Our Valuable Brothers and Sisters: Mazaya Company was able to realize good operational revenues, thanks to the Almighty God, despite the surrounding conditions, in which it was necessary to take decisive and influential decisions at the same time, by relying on the directions of the Company board of directors and the efforts of the executive management and specialized teams. In light of such changes, we were keen to promote the Company's revenues from its fixed incomes to foster its performance in the markets in which we operate. With the help of God, we were able to keep a balanced pace in the Company operational revenue resulting from the leasing operations, thanks to the relentless efforts towards achieving high occupancy ratios in the Company's income yielding projects. MESSAGE FROM GROUP CEO Eng. Ibrahim Al Soqabi Group CEO