Doha, Qatar – 2 February 2026 – Mosanada Facilities Management Services Q.P.S.C. (“Mosanada” or the “Company”) announces that its Board of Directors, at a meeting held on 2 February 2026, approved a number of actions relating to the Company’s previously announced initiative in the Kingdom of Saudi Arabia.
In this context, the Board approved the entry into a joint venture in the Kingdom of Saudi Arabia, subject to the completion of applicable regulatory and procedural requirements. The Board further approved the incorporation of a wholly owned subsidiary of the Company in the State of Qatar, in the form of a limited liability company, for the purposes of investment in the joint venture.
The Board also authorised the Chairman to take all actions required in connection with the incorporation of the subsidiary and the joint venture, including determining the subsidiary’s share capital and management structure, appointing its managers, approving its constitutional documents, and signing any and all documents required for such purposes.
For further information and respective details on Mosanada, please visit www.mosanada.qa or contact investor relations at IR@mosanada.qa.
Important information
This press release has been prepared for informational purposes only. This press release is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. It is provided for information purposes only. Any investment is subject to various risks, none of which are outlined herein. All such risks should be carefully considered by prospective investors before they make any investment decision.
Whilst the information in this document has been published in good faith, the Company does not provide any guarantees, warranties or other assurances (express or implied) regarding the accuracy or completeness of this information. The Company, its affiliates and any of its or their respective directors, officers, partners, members, employees, agents or advisers assume no liability or responsibility and owe no duty of care for any consequences of any person acting in reliance on the information contained in this press release or for any decision based on it. The Company does not undertake to provide access to any additional information or to update this press release or to correct any inaccuracies which may become apparent.
Statements contained in this press release that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of the Company. Such statements involve known and unknown risks, uncertainties and other factors, and reliance should not be placed thereon. In addition, this press release contains “forward-looking statements.” Actual events or results or the actual performance of the Company may differ materially from those reflected or contemplated in such forward-looking statements.
This press release has not been approved by the securities regulatory authority of Qatar or any other state or jurisdiction.
Press Release end.
