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.
Al Mazaya Holding confirms what has been announced by the current news achieving 80% occupancy rate in its Mazaya logistics project in Bahrain
With reference to the above mentioned subject , And to the request of Kuwait Boursa Company to Comment on the current newspublished across the Kuwaiti newspapers, and article 4-4 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 | 26/10/2016 |
| Name of listed company | Al Mazaya Holding Co. K.S.C.P |
| Material information | Commenting on the current news, which was published across the Kuwaiti newspapers, which came under the title Al Mazaya Holding achieves 80% occupancy rate in its Mazaya logistics project in Bahrain and the content of the news is as follows: (The occupancy rate in Mazaya logistics project as well as the available rentable area is close to be completed, and the news mentioned the project’s description and the units’ details and spaces). The company clarifies that the news is marketing related news showing the progress of the work and occupancy in the project and it confirms what has been announced previously by the company in its press releases after releasing the interim financial statements for the first half |
| Effect of the material information on the company financial position | There is no financial impact |
