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.
A new Chief Financial Officer is appointed for Al Mazaya Holding
In reference to the subject above, we hereby disclose the following;
| Date : | 3/12/2015 |
| Name of Listed Company | Al Mazaya Holding Co. KSCP (Holding) |
| Material Information | The resignation of Mr. Ayman Ahmad Sheet – Chief Financial Officer to establish his private business and the acceptance of the same starting from 31/12/2015 And the appointment of Mr. Ahmad Mohammed Harfoush in the capacity of the new Chief Financial Officer |
| Financial Impact of Material Information on Company Financial Position | No financial Impact on Company Financial Position |
