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.
The board of directors of Al Mazaya Holding Co. will meet on Tuesday 30/03/2021 at 1:00 PM.
Al Mazaya Holding Company would like to inform you that the board of directors will meet on Tuesday 30/03/2021 at 1:00 PM to discuss the item contained in the attached disclosure form
Form for disclosing material information
| Date: | 24/03/2021 |
| Name of listed company | Al Mazaya Holding Co. K.S.C. P |
| Material information | The BOD of Al Mazaya Holding Company K.S.C.P (Holding) will convene on Tuesday 30/03/2021 at 01:00 PM to discuss reprofiling facility agreement for the outstanding credit facilities of the company towards a Kuwaiti bank in the amount of KD 22,700,000 (twenty-two million and seven hundred thousand Kuwaiti dinars). |
| Effect of the material information on the company financial position | The financial impact will be disclosed based on the board meeting’s results. |
