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.
Disclosure
MAZ-MFM-01-2014-106
M/s Kuwait Stock Exchange
Attention: Mr. Faleh Al Aqaba, Acting Director General
Dear Sir,
Subject: Disclosure
With reference to the above mentioned subject and to the article No 395 of the Executive Regulations of Law No. 7 of 2010 concerning the Establishment of Capital Markets Authority, we would like to inform you that on 26th of January 2014, the stake of the Commercial Bank of Kuwait (KSC) in Al Mazaya Holding (KSC) decreased 0.549% from the company capital, therefore its ownership rate decreased to less than 5% from the company capital.
The bank was holding 35,976,542 shares indirectly on 26th of January 2014 with a rate of 5.541%
Now the bank is holding 32,413,001 indirectly on 28th of January 2014 with a rate of 4.992%.
Best Regards
Eng. Ibrahim Abdul Rahman Al Saqabi
CEO
