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AL-MAZAYA HOLDING COMPANY - K.S.C. (PUBLIC)
AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2023
(All amounts are in Kuwaiti Dinars)

23. Basic and diluted loss per share
The information necessary to calculate basic and diluted loss per share based on the weighted average number of
shares outstanding during the year is as follows:

2022
2023 (Restated)
Loss for the year attributable to equity holders of the Parent Company from
Continuing operations (3,921,341) (11,064,583)
Loss for the year attributable to equity holders of the Parent Company from
Discontinued operations (22,585,383) (1,922,568)
Loss for the year attributable to equity holders of the Parent Company (26,506,724) (12,987,151)
Number of shares outstanding:
Number of issued shares at beginning of the year 629,559,816 629,559,816
Less: Weighted average number of treasury shares including capital
reduction (33,380,888) (5,600)
Weighted average number of shares outstanding 596,178,928 629,554,216

Fils Fils
Basic and diluted loss per share attributable to shareholders of the Parent
Company from Continuing operations (6.58) (17.58)
Basic and diluted loss per share attributable to shareholders of the Parent
Company from Discontinued operations (37.88) (3.05)
Basic and diluted loss per share (44.46) (20.63)

As there are no dilutive instruments outstanding, basic and diluted loss per share are identical.

24. Related party disclosures
The Group has entered into various transactions with related parties, i.e. Major shareholders, Board of directors,
executives of the group, key management personnel, associate, entities under common control and other related
parties. Prices and terms of payment are approved by the Group's management. Significant related party transactions
and balances are as follows:

Balances included in the consolidated statement of financial position:

Key management
personnel 2023 2022
Accounts payable and other credit balances 718 718 2,073
Advances from customers 88,966 88,966 -
Lease liabilities (a) 6,401,586 6,401,586 3,244,238

Transactions included in the consolidated statement of profit or loss:

Rental revenue 8,816 8,816 8,816
Amortization of finance costs related to lease
liabilities (323,537) (323,537) (166,380)

During the year ended December 31, 2023, a property accounted for by the Group as a leased property under IFRS
16 has been acquired by a board member from its previous owner. Based on that, the Group’s lease liability towards
that property had been reassigned towards the new owner under the same terms and conditions of the original
contractual lease terms with the old owner for the remaining lease term which ends on October 2037.

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