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.
Supplementary disclosure from Al Mazaya Holding Company regarding (Convocation of the AGM for Al Mazaya Holding Co.)
18-February-2021
In reference to the above subject, and to our disclosure dated 03/02/2021 regarding the invitation to hold the Ordinary General Assembly of Al Mazaya Holding Company KSCC (Holding) for the fiscal year ended 12/31/2020, which is scheduled to be held on Monday corresponding to / 22 / 02/2021 at 11:30 a.m. at its headquarters at - Al-Mirqab - Khaled Bin Al-Waleed Street - Al Mazaya Tower (1) - Floor (22).
Where the wording of the agenda items was amended at the request of the CMA, and the fifth item in the agenda of the Ordinary General Assembly has been amended at the request of the Ministry of Trade and Industry.
Herewith attached copy of the amend AGM agenda.
.
SupplementaryDisclosure
|
|
|
|
18/02/2021
|
Date:
|
|
Al Mazaya Holding Co. K.S.C. P
|
Name of listed company
|
|
A supplementary disclosure from Al Mazaya Holding Company regarding (Convocation of the AGM for Al Mazaya Holding Co.)
|
Disclosure Subject
|
|
03/02/2021
|
Date of previous disclosure
|
|
- Amendment of the wording of the agenda items as mentioned in the attached agenda
- Amendment of the fifth item regarding the discussion of set-off of all accumulated losses amounting to 3,733,833 Kuwaiti Dinars (three million seven hundred thirty-three thousand eight hundred and thirty-three Kuwaiti Dinars) which represents 5.42% of the company’s share capital as in the financial statements of the company for the financial year ended 12/31/2020 by reducing the balance of the share premium from 21,655,393 Kuwaiti dinars (twenty-one million six hundred and fifty-five thousand three hundred and ninety-three Kuwaiti dinars) to 17,921,560 Kuwaiti dinars (seventeen million nine hundred and twenty-one thousand five hundred and sixty Kuwaiti dinars).
The Agenda item before amendment was as follows: the set-off of accumulated losses by reducing the legal reserve.
|
Disclosure updates
|
|
No financial impact
|
Financial impact of the update (if any)
|