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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.

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Disclosure of the Date of BOD Meeting of Al Mazaya Holding Company.

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16-October-2023
Date:
15/10/2023
Subject
Disclosure of the Date of BOD Meeting of Al Mazaya Holding Company.

Al Mazaya Holding Company would like to inform you that the board of directors will meet on Wednesday 18/10/2023 at 1:30 PM to discuss the items included in the attached disclosure form.

 Form for Disclosing Material Information

Date:

15/10/2023

Name of listed company

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

Material information

The BOD of Al Mazaya Holding Company K.S.C.P (Holding) will convene on Wednesday 18/10/2023 at 01:30 PM to discuss the following:

1-To discuss the recommendation to the Extraordinary General Assembly to approve the merger contract through amalgamation between Al Mazaya Holding Company K.S.C.P. (Holding) “Mazaya” and First Dubai Real Estate Development Company K.S.C.P. “First Dubai.”

2-To discuss the recommendation to the Extraordinary General Assembly to approve the merger through amalgamation between Al Mazaya Holding Company K.S.C.P. (Holding) “Mazaya” and First Dubai Real Estate Development Company K.S.C.P. “First Dubai.”

3-To discuss the recommendation to the Extraordinary General Assembly to approve an increase in the capital of Al Mazaya Holding Company through in-kind increase by issuing 40,813,008 shares allocated to the shareholders of First Dubai Real Estate Development Company K.S.C.P., those with non-controlling interest, so that the company’s paid-up capital becomes 52,556,117.4 KD distributed into 525,561,174 shares, after obtaining the approvals of the competent regulatory authorities.

Effect of the material information on the company financial position

There is no current financial impact on Al Mazaya Holding Company K.S.C. P.

Date:

15/10/2023

Name of listed company

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

Material information

The BOD of Al Mazaya Holding Company K.S.C.P (Holding) will convene on Wednesday 18/10/2023 at 01:30 PM to discuss the following:

1-To discuss the recommendation to the Extraordinary General Assembly to approve the merger contract through amalgamation between Al Mazaya Holding Company K.S.C.P. (Holding) “Mazaya” and First Dubai Real Estate Development Company K.S.C.P. “First Dubai.”

2-To discuss the recommendation to the Extraordinary General Assembly to approve the merger through amalgamation between Al Mazaya Holding Company K.S.C.P. (Holding) “Mazaya” and First Dubai Real Estate Development Company K.S.C.P. “First Dubai.”

3-To discuss the recommendation to the Extraordinary General Assembly to approve an increase in the capital of Al Mazaya Holding Company through in-kind increase by issuing 40,813,008 shares allocated to the shareholders of First Dubai Real Estate Development Company K.S.C.P., those with non-controlling interest, so that the company’s paid-up capital becomes 52,556,117.4 KD distributed into 525,561,174 shares, after obtaining the approvals of the competent regulatory authorities.

Effect of the material information on the company financial position

There is no current financial impact on Al Mazaya Holding Company K.S.C. P.