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.
Stock Market Disclosure
With reference to the above subject, and to the Capital Markets Authority instructions thereon to disclose material information (e a. M / s. T. / A. M. /2/2012), we request you to note that Al Mazaya Holding. M. K (holding) began the proceedings of the sale of its shares of up to14.34% from Clubs Holding Company listed in the Kuwait Stock Exchange, through public auction in accordance with the procedures of the Kuwait Stock Exchange. The impact of this sale will be included in the financial statements of the Company which will expire on 31.12.2013. We will inform you of any developments as soon as the sale is completed.
