Al Mazaya Holding Co (K.S.C) a leading property firm in the region, signed a contribution contract with “Oman Construction” to share in a real estate investment portfolio in Oman with a capital of OMR 3.1 million. Al Mazaya’s share is 40% while 12% is for Oman Construction and 12% for “Mina” real estate company. The remainder of the percentage is submitted for IPO from a chosen group of investors and real estate companies.
Ordinary AGM Results disclosure for Al Mazaya Holding Co. KSCP
With reference to the above subject and to paragraph 27 of article 4-1-1 of chapter 4 of book 10 of the executive regulation of law No.7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities’ activities, kindly be advised that the ordinary AGM of the Company was held on 26/03/2024. .
Disclosure of material information
| Date: | 26/03/2024 |
| Name of listed company | Al Mazaya Holding Co. K.S.C. P |
| Material information | The Ordinary AGM has approved all the items on the AGM agenda for the fiscal year ending December 31, 2023. Some items have not been approved by some shareholders. This will be clarified when we disclose the minutes of the meeting of the AGM received by the Ministry of Commerce and Industry. |
| Effect of the material information on the company financial position | There is no financial impact |
