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2.2 | AL MAZAYA ESTABLISHMENT

The company was established in 1998 and started operation as Al Mazaya Holding Company in 2004 with a paid up capital of
KD 15 million to reach KD 62.9 million - approximately USD 205.5 million. Al Mazaya is a publicly-traded company dually
listed on both the Boursa Kuwait since 2005 and Dubai Financial Market since 2006. Since its inception, Al Mazaya has
adopted a balanced expansion strategy allowing mitigating risk, while maximizing investment and by doing so have witnessed
strong growth.

Al Mazaya Holding Company is considered one of the leading companies in its line of business. The company focuses in real
estate developments and investments in the region.

Since its inception, Mazaya adopted a balanced expansion strategy that allowed for mitigating risk, while maximizing investment
return and witnessing strong growth. By maintaining diversified business allocations within the real estate development in the
region, the company has been able to maintain a steady growth in its net profits as a result if such a strategy.

Mazaya’s investments have also focused on building alliances and strategic partnerships that allow for developing the
company’s competitive edge especially in as far as the competing for top-tier business opportunities ins concerned.

PAID UP CAPITAL KD 62,955,982

NUMBER OF SHARES 629,559,816

NUMBER OF
OUTSTANDING SHARES 627,467,215

NUMBER OF
TREASURY SHARES 3,929,600

ISSUED SHARE Fils 110
VALUE

Al-Mazaya Company Profile | Al Mazaya Overview