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 Important information
14-February-2021
With reference to the above mention subject, we received an e-mail on 14/02/2021 from Dubai Financial Market regarding the published press release “Boursa Kuwait: Transfer of 30.7 million shares in "Al Mazaya Holding".
We hereby inform you that the United Circle General Contracting and Building Company “a subsidiary of Al Mazaya Holding Company and a member of its Board of Directors” disclosed on Boursa Kuwait as an insider about the transfer of ownership of 30,668,079 shares of Al Mazaya Holding Company KSCP owned by United Circle - (which is considered Indirect treasury shares of Al Mazaya Holding Company) - to Al Mazaya Holding Company KSCP (the ultimate parent company), and the ownership was transferred outside the trading hall at the ownership transfer department at Boursa Kuwait and the price was set by the ownership transfer department at 59.9 fils according to the last trading price trading on Boursa Kuwait upon the approval of transfer of ownership, and then the transferred shares became direct treasury shares in Al Mazaya Holding Company shareholders register.
Attached
disclosure of material information form
disclosure of material information form
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14/02/2021
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Date:
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Al Mazaya Holding Co. K.S.C.P
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Name of listed company
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We received an e-mail on 14/02/2021 from Dubai Financial Market regarding the published press release “Boursa Kuwait: Transfer of 30.7 million shares in "Al Mazaya Holding".
We hereby inform you that the United Circle General Contracting and Building Company “a subsidiary of Al Mazaya Holding Company and a member of its Board of Directors” disclosed on Boursa Kuwait as an insider about the transfer of ownership of 30,668,079 shares of Al Mazaya Holding Company KSCP owned by United Circle - (which is considered Indirect treasury shares of Al Mazaya Holding Company) - to Al Mazaya Holding Company KSCP (the ultimate parent company), and the ownership was transferred outside the trading hall at the ownership transfer department at Boursa Kuwait and the price was set by the ownership transfer department at 59.9 fils according to the last trading price trading on Boursa Kuwait upon the approval of transfer of ownership, and then the transferred shares became direct treasury shares in Al Mazaya Holding Company shareholders register.
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Material information
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There is no financial impact.
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Effect of the material information on the company financial position
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