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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

A Lawsuit disclosure

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08-April-2026
Date:
06/04/2026
Subject
A Lawsuit disclosure

With reference to the above subject and to paragraph (14،22) 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 find the attached Lawsuits disclosure form.

Date:

06/04/2026

Name of the Listed Company

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

Automated Lawsuit number Lawsuit Number

260903670

35/2026 Commercial Civil Overall Government /23

Subject of the Lawsuit

An action for the appointment of an expert, filed by a number of shareholders of Dubai First Real Estate Development Company, which was merged by amalgation with Al Mazaya Holding Company (the Merging Company).

The summary of the claim is as follows:

    • The appointment of a tripartite committee of experts from the Experts Department at the Ministry of Justice to review the documents and records of the case, and to visit the headquarters of Al Mazaya Holding Company (the Merging Company) and Dubai First Real Estate Development Company (the Merged Company), and to examine the shareholders’ register, the reports of the internal and external independent auditors, and the records of both companies, for the purpose of clarifying the following:
      • To state the capital value of both companies since their incorporation and the extent of its consistency with the approved financial statements, leading up to clarifying the valuation of Al Mazaya Holding Company’s share, which exceeds more than double the value of Dubai First Real Estate Development Company’s share, as stated in the disclosures relating to the approval of the merger by amalagation between the two companies.
      • To state the liquid funds, real estate, and other assets, whether fixed or current, and their respective values.
      • To state the assets and properties of both companies.
      • To state the revenues, returns, and profits of both companies and compare them with comparable entities, as well as to state the expenses and expenditures of both companies.
      • To state and determine the profits and losses, and to clarify whether the acts and conduct of the Boards of Directors of both companies were in compliance with the powers and objectives stipulated in the companies’ articles of association and their memorandum of association.
      • To state all bank accounts and balances of both companies.
      • To state the results of the auditor’s examination of the activities of both companies.
      • To state the names of the members of the Board of Directors of the Merged Company, hold them accountable for all acts and actions carried out by them in their capacity as Board members, and to determine the appropriate compensatory damages for the harm sustained by the plaintiffs, in accordance with the findings of the expert report.
    • To oblige the defendants to submit all documents, papers, and information in their possession relating to the Merging Company and the Merged Company, in preparation for calculating the plaintiffs’ respective shares in the compensatory damages in proportion to the number of shares owned by each of them, and in preparation for issuing a judgment obliging the defendants to pay the plaintiffs the amounts determined by the expert report
    • In all cases, a ruling to obligate the first defendant to pay the expenses and actual attorney fees, with the judgment being enforceable immediately.
The Court Judgement / Verdict date

No court verdict has been issued

The name of the Court that issued the Judgement / Verdict Court circuit

No court verdict has been issued

Parties of the Lawsuit

Twelve shareholders of First Dubai Real Estate Development Co. “the merged company” (Plaintiffs)
Vs
Al Mazaya Holding Company K.S.C.P. “the merging company” (First Defendant), and others (Defendants)

The Judgment / Verdict in favor of

No court verdict has been issued

Court of First Instance Judgment / Verdict

No court verdict has been issued

Court of Appeal Judgment / Verdict

No court verdict has been issued

Court of Cassation Judgment / Verdict

No court verdict has been issued

The expected financial impact on the company as a result of the Judgment / Verdict

No court verdict has been issued

Date:

06/04/2026

Name of the Listed Company

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

Automated Lawsuit number Lawsuit Number

260903670

35/2026 Commercial Civil Overall Government /23

Subject of the Lawsuit

An action for the appointment of an expert, filed by a number of shareholders of Dubai First Real Estate Development Company, which was merged by amalgation with Al Mazaya Holding Company (the Merging Company).

The summary of the claim is as follows:

    • The appointment of a tripartite committee of experts from the Experts Department at the Ministry of Justice to review the documents and records of the case, and to visit the headquarters of Al Mazaya Holding Company (the Merging Company) and Dubai First Real Estate Development Company (the Merged Company), and to examine the shareholders’ register, the reports of the internal and external independent auditors, and the records of both companies, for the purpose of clarifying the following:
      • To state the capital value of both companies since their incorporation and the extent of its consistency with the approved financial statements, leading up to clarifying the valuation of Al Mazaya Holding Company’s share, which exceeds more than double the value of Dubai First Real Estate Development Company’s share, as stated in the disclosures relating to the approval of the merger by amalagation between the two companies.
      • To state the liquid funds, real estate, and other assets, whether fixed or current, and their respective values.
      • To state the assets and properties of both companies.
      • To state the revenues, returns, and profits of both companies and compare them with comparable entities, as well as to state the expenses and expenditures of both companies.
      • To state and determine the profits and losses, and to clarify whether the acts and conduct of the Boards of Directors of both companies were in compliance with the powers and objectives stipulated in the companies’ articles of association and their memorandum of association.
      • To state all bank accounts and balances of both companies.
      • To state the results of the auditor’s examination of the activities of both companies.
      • To state the names of the members of the Board of Directors of the Merged Company, hold them accountable for all acts and actions carried out by them in their capacity as Board members, and to determine the appropriate compensatory damages for the harm sustained by the plaintiffs, in accordance with the findings of the expert report.
    • To oblige the defendants to submit all documents, papers, and information in their possession relating to the Merging Company and the Merged Company, in preparation for calculating the plaintiffs’ respective shares in the compensatory damages in proportion to the number of shares owned by each of them, and in preparation for issuing a judgment obliging the defendants to pay the plaintiffs the amounts determined by the expert report
    • In all cases, a ruling to obligate the first defendant to pay the expenses and actual attorney fees, with the judgment being enforceable immediately.
The Court Judgement / Verdict date

No court verdict has been issued

The name of the Court that issued the Judgement / Verdict Court circuit

No court verdict has been issued

Parties of the Lawsuit

Twelve shareholders of First Dubai Real Estate Development Co. “the merged company” (Plaintiffs)
Vs
Al Mazaya Holding Company K.S.C.P. “the merging company” (First Defendant), and others (Defendants)

The Judgment / Verdict in favor of

No court verdict has been issued

Court of First Instance Judgment / Verdict

No court verdict has been issued

Court of Appeal Judgment / Verdict

No court verdict has been issued

Court of Cassation Judgment / Verdict

No court verdict has been issued

The expected financial impact on the company as a result of the Judgment / Verdict

No court verdict has been issued

The issuer of this disclosure bears full responsibility for the soundness, accuracy, and completeness of the information contained therein. The issuer acknowledges that it has assumed Care of a Prudent Person to avoid any misleading, false, or incomplete information. The Capital Markets Authority and Boursa Kuwait Securities Exchange shall have no liability whatsoever for the contents of this disclosure. This disclaimer applies to any damages incurred by any Person as a result of the publication of this disclosure, permitting its dissemination through their electronic systems or websites, or its use in any other manner.