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.
Corrective announcement for Al Mazaya Holding Co.
With reference to the above subject, and to our disclosure dated 14/11/2023 regarding the Disclosure of the Results of BOD Meeting of Al Mazaya Holding Co. KSCP, the corrective announcement form is attached.
Corrective announcement Form
| Date: | 15/11/2023 |
| Name of listed company | Al Mazaya Holding Co. K.S.C. P |
| Announcement title | Corrective announcement by Al Mazaya Holding Company regarding the Financial results for the period ending 30/09/2023. |
| The date of the previous announcement | 14/11/2023 |
| The wrong statement in the previous announcement | Adding the bonus share distributions from treasury shares and the capital reduction in the “Financial Results Form” for the period ended on 30/09/2023. |
| Correcting the erroneous information | The additions have been deleted from the “Financial Results Form” for the period ended on 30/09/2023. |
| Reasons of the erroneous information | Those items were disclosed in the “Financial Results Form” for the period ended on 30/06/2023, while those items included in the current “Financial Results Form” are related to the Board of Directors’ proposals for the current fiscal period ones not the previous ones. Hence, those additions were deleted from the “Financial Results Form” for the period ended 30/09/2023. |
