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.
Supplementary Disclosure of a Lawsuit disclosure of Al Mazaya Holding Company
Reference to the above subject, and our disclosure on the date of 04/04/2023, kindly find attached the Supplementary disclosure form.
Supplementary Disclosure
| Date: | 16/05/2023 |
| Name of listed company | Al Mazaya Holding Co. K.S.C. P |
| Disclosure Subject | Supplementary Disclosure of a Lawsuit disclosure of Al Mazaya Holding Company KSCP (Holding) |
| Date of previous disclosure | 04/04/2023 |
| Disclosure updates | The case was referred to another department for jurisdiction to amend the type and number of the case from 42/2023/1530 commercial to No. 517 / 2023 real estate (Dubai Courts of First Instance). |
| Financial impact of the update (if any) | There is no financial impact. |
