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 the date of BOD meeting of Al Mazaya Holding Company KSCC (Holding)
Al Mazaya Holding Company would like to inform you that the board of directors will meet on Tuesday 27/10/2020 at 1:00 PM in order to discussto discuss the item contained in the attached disclosure form
Form for Disclosing Material Information
| Date: | 21/10/2020 |
| 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 27/10/2020 at 01:00 PM to discuss funding its subsidiary in the Republic of Turkey, in order for the subsidiary to make full early payment of its loan to a Turkish bank |
| Effect of the material information on the company financial position | The financial impact will be disclosed based on the results of that board meeting |
