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.
Signing of financing agreement disclosure.
With reference to the above subject and Paragraph (22) 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 find attached Supplementary disclosure of material information form.
Supplementary Disclosure
| Date: | 15/02/2023 |
| Name of listed company | Al Mazaya Holding Co. K.S.C. P |
| Disclosure Subject | Signing of financing agreement disclosure |
| Date of previous disclosure | 17/06/2019 |
| Disclosure updates | With reference to our previous disclosure dated 17/06/2019, Al Mazaya Holding Company signed an extension agreement for Islamic financing facility with a local bank amounting to KD 34,670,394 (Thirty-four million, six hundred and seventy thousand, three hundred and ninety-four Kuwaiti Dinars only) until 31/12/2024. |
| Financial impact of the update (if any) | There is no financial impact other than what was disclosed on 17/06/2019. |
