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.
Disclosure of major information
“With reference to the above subject and to the instructions of the Capital Markets Authority in connection with the disclosure of material information No. (CMA/RN/D.I/2/2012) and to our disclosure dated 9/6/2015, reference No. MAZ-MCS-06-2015-0736, kindly be advised that Al Mazaya Holding Company KSCP submitted an application to the counselor / President of the Court of the First Instance to accelerate the hearing of the objection filed by Kuwait Business Town Real Estate Company No.2056/2015 summary/6, which was scheduled for hearing on 28/7/2015. The application was marked for approval and the hearing of 23/6/2015 was scheduled for the objection. We will furnish you with any developments on the case promptly.”
