Doha, October 23 (QNA) - Qatari property developer Mazaya Real Estate Development has reported a 7% decline in net profit for the first nine months of 2026.

The company recorded a net profit of QR45.01m ($12.36m) for the period ending Sep. 30, down from QR48.39m in the same period last year.

Financial statements published on the Qatar Stock Exchange website on Thursday showed that earnings per share fell to QR0.045, compared with QR0.048 a year earlier.

Mazaya Real Estate was established in 2008 and listed on the Qatar Stock Exchange in October 2010. The company has a paid-up capital of QR1bn. (QNA)