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.
There is no relationship between Al Mazaya Holding Company KSC (Holding) and NMC Healthcare Group or its sister companies.
With reference to the above mention subject, we received an e-mail on 02/04/2020 regarding news published in various media In the United Arab Emirates regarding the stumbling of the NMC Healthcare Group amid fears that the group’s total debt has reached (6.6) billion USD, and we are requested to disclose the extent of exposure to the group’s debts Mentioned above
We inform you that there is no relationship between Al Mazaya Holding Company KSC (Holding) and NMC Healthcare Group or its sister companies: Finablr Company listed on London Stock Exchange and (UAE Exchange Center established in the United Arab Emirates.
| Date: | 04/04/2020 |
| Name of listed company | Al Mazaya Holding Co. K.S.C.P |
| Material information | we received an e-mail on 02/04/2020 regarding news published in various media In the United Arab Emirates regarding the stumbling of the NMC Healthcare Group amid fears that the group’s total debt has reached (6.6) billion USD, and we are requested to disclose the extent of exposure to the group’s debts Mentioned above. We inform you that there is no relationship between Al Mazaya Holding Company KSC (Holding) and NMC Healthcare Group or its sister companies: Finablr Company listed on London Stock Exchange and (UAE Exchange Center established in the United Arab Emirates. |
| Effect of the material information on the company financial position | There is no financial impact |
