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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.

In This Section

Al Mazaya AGM was held and approved all the agenda items .

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08-April-2019
Date:

With reference to the above subject and to paragraph 27 of article 1-1-4 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 the AGM of the Company was held on 8/4/2019 and has approved all the agenda items as included in the attached form:

Disclosure of material information

Date:

08/04/2019

Name of listed company

Al Mazaya Holding Co. K.S.C.P

Material information
  •  The Ordinary General Assembly has approved and ratified the financial statements for the fiscal year ending December 31, 2018.
  •  The Ordinary General Assembly has approved the board of directors’ proposal not to distribute dividend for the fiscal year ending December 31, 2018.
  •  The Ordinary General Assembly  has elected the board of directors for the next three years as follows:

1- Mr. Rasheed Yaqoub AlNafisi. Vote numbers   (333,352,165  Share)

2- Mr. Abdulhameed Mohammad Deeb Mehrez. Votes (319,861,188   Share)

3- Mr. Mohammad Khaled Othman AL Othman. Votes (291,892,968  Share)

4- Mezzan Combined For General Trading W.L.L. Votes (242,547,167 Share)

5- United Circle General Contracting and Building Company O.P.C. Votes (215,872,462   Share)

6- Al Yammar Real Estate W.L.L (First Reserve member) Votes (137,116,711 Share)

7- First Dubai Real Estate Development Co. K.S.C.P (Second Reserve member) Votes (125,984,529 Share)

 

  •  The Ordinary General Assembly has approved the renomination of Mr. Shuaib Abdullah Mohammed Shuaib Al-Buzaie & Co. as the company’s Auditor for the financial year ending on 31/12/2019 and authorized the Board of Directors to determine their fees.

 

  •  The remaining items of the Ordinary General Assembly Agenda have been approved. Furthermore, item number 17 was amended and approved. The Ordinary General Assembly minutes of meeting will be disclosed after being delivered to the Ministry of Commerce and Industry.
  •  The Extraordinary General Assembly has was postponed due to not meeting the quorum required and, it will be held at the same place with the same agenda on Tuesday April 16th, 2019 at 11:45 AM.
Effect of the material information on the company financial position

There is no financial impact

Date:

08/04/2019

Name of listed company

Al Mazaya Holding Co. K.S.C.P

Material information
  •  The Ordinary General Assembly has approved and ratified the financial statements for the fiscal year ending December 31, 2018.
  •  The Ordinary General Assembly has approved the board of directors’ proposal not to distribute dividend for the fiscal year ending December 31, 2018.
  •  The Ordinary General Assembly  has elected the board of directors for the next three years as follows:

1- Mr. Rasheed Yaqoub AlNafisi. Vote numbers   (333,352,165  Share)

2- Mr. Abdulhameed Mohammad Deeb Mehrez. Votes (319,861,188   Share)

3- Mr. Mohammad Khaled Othman AL Othman. Votes (291,892,968  Share)

4- Mezzan Combined For General Trading W.L.L. Votes (242,547,167 Share)

5- United Circle General Contracting and Building Company O.P.C. Votes (215,872,462   Share)

6- Al Yammar Real Estate W.L.L (First Reserve member) Votes (137,116,711 Share)

7- First Dubai Real Estate Development Co. K.S.C.P (Second Reserve member) Votes (125,984,529 Share)

 

  •  The Ordinary General Assembly has approved the renomination of Mr. Shuaib Abdullah Mohammed Shuaib Al-Buzaie & Co. as the company’s Auditor for the financial year ending on 31/12/2019 and authorized the Board of Directors to determine their fees.

 

  •  The remaining items of the Ordinary General Assembly Agenda have been approved. Furthermore, item number 17 was amended and approved. The Ordinary General Assembly minutes of meeting will be disclosed after being delivered to the Ministry of Commerce and Industry.
  •  The Extraordinary General Assembly has was postponed due to not meeting the quorum required and, it will be held at the same place with the same agenda on Tuesday April 16th, 2019 at 11:45 AM.
Effect of the material information on the company financial position

There is no financial impact