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 of the Results of BOD Meeting of Al Mazaya Holding Co.
Reference to the above subject, and our disclosure on the date of 25/07/2024, kindly find attached the material information disclosure form clarifying the results of the meeting of the BOD of Al Mazaya Holding Co. held on Wednesday 31/07/2024.
Form for Disclosing Material Information
| Date: | 31/07/2024 |
| Name of listed company | Al Mazaya Holding Co. K.S.C. P |
| Material Information | The Board of directors of Al Mazaya Holding Co. has convened on 31/07/2024 at 1:00 PM where they discussed the following: – Approved the company’s Interim Consolidated Financial Information for the period ending 30/06/2024. |
| Effect of the material information on the company financial position | Attached – Interim Consolidated Financial Information according to Boursa Kuwait templates. – Interim Condensed Consolidated Statement of Financial Position. – Interim Condensed Consolidated Statement of Income. – Independent Auditor’s Report on the Interim Consolidated Financial Information for the period ended 30/06/2024. |
