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.
“Arqaam Capital “Confirms Al Mazaya Holding’s fair value per share at 160 Fils
Title: “Arqaam Capital “Confirms Al Mazaya Holding’s fair value per share at 160 Fils
With reference to the above mentioned subject 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: | 19/10/2016 |
| 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 ” Arqaam Capital ” }ConfirmsAl Mazaya Holding’s fair value per share at 160 Fils, and the content of the news is as follows:(The fair value of Mazaya Holding Company share is 160 fils, 50% higher than its current trading price at Boursa Kuwait in accordance with the method and the values mentioned in the report). |
| Effect of the material information on the company financial position | There is no financial impact |
