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.
AGM Resolutions disclosure
With reference to the above subject and to paragraph 27 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 theAGM of the Company was held on 20/02/2020 and has approved all the agenda items as included in the attached form
Form for Disclosing Material Information
| Date: | 20/02/2020 |
| Name of listed company | Al Mazaya Holding Co. K.S.C. P |
| Material information | The Ordinary General Assembly has approved all the items on the Agenda, in addition to the amendment of item No. 15 relating to the Social Responsibility where the amount has been changed from Twenty Thousand to Forty Thousand Kuwaiti Dinars. |
| Effect of the material information on the company financial position | There is no financial impact |
