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.
Capital Markets Authority approval to allow the company to purchase or sell not more than 10% of its shares
With reference to the above-mentioned subject and to paragraph 24 of 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 be advised that:
| Date: | 27/08/2020 |
| Name of listed company | Al Mazaya Holding Co. K.S.C.P |
| Material information | The approval of the Capital Markets Authority to allow the company to purchase or sell not more than 10% of its shares for a period of six months from the granted approval on 24/08/2020 |
| Effect of the material information on the company financial position | No Effect of the material informationon the company financial position |
