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.
There are no recent updates that could affect the company in a way that results in this unusual activity in trading
With reference to the above mentioned subject and Article 4-5 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 and to the email received from Boursa Kuwait about unusual trading on Al Mazaya Holding Company shares on18/02/2019, kindly find our comment in that regard.
