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.
Al Mazaya Holding Company has entered a new field through participating in the establishment of a closed Kuwaiti shareholding company for medical purposes with a 50% stake of the company’s authorized and issued share capital.
Reference to the above subject, and to paragraph 5 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 attached the material information disclosure.
Form for disclosing material information
| Date: | 11/05/2021 |
| Name of listed company | Al Mazaya Holding Co. K.S.C. P |
| Material information | Al Mazaya Holding Company KSCC has entered a new field through participating in the establishment of a closed Kuwaiti shareholding company for medical purposes with a 50% stake of the company’s authorized and issued share capital amounting to 1,500,000 Kuwaiti Dinars (one million five hundred thousand Kuwaiti dinars) of which 500,000 Kuwaiti dinars are paid (Five Hundred Thousand Kuwaiti Dinars) |
| Effect of the material information on the company financial position | There will be no current impact on the Company’s financial position. |
