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 renewal of the right to buy or sell company shares (Treasury)
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: | 25/07/2019 |
| 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 25 /7/2019 |
| Effect of the material information on the company financial position | No financial impact |
