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Announcements & Disclosures

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 the Approval of CMA on the increase of the capital of Al Mazaya Holding Company

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21-November-2023

Date: 20/11/2023

Subject: Disclosure of the Approval of CMA on the increase of the capital of Al Mazaya Holding Company KSCP

With reference to the above-mentioned subject and the items of book 10 of the executive regulation of law No.7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities’ activities, herewith attached copy of the Disclosure of material information.

 Disclosure of material information

20/11/2023

Date:

Al Mazaya Holding Co. K.S.C. P

Name of listed company

We would like to inform you that the Capital Markets Authority (CMA) approved the increasing of capital of Al Mazaya Holding Company today, Monday, 20/11/2023, by increasing the capital from KD 48,474,816/600 to KD 52,556,117/400, through an in-kind increase of KD 4,081,300/800 which is equivalent to 8.4% of the company’s issued and paid-up capital, by issuing 40,813,008 new shares to be offered at a par value of 100 fils per share and without a share premium, allocated to the shareholders of First Dubai Real Estate Development Company with a swap ratio of 0.497 share from Al Mazaya Holding Company shares for every share for First Dubai Real Estate Development Company, in relation to the merger through amalgamation between Al Mazaya Holding Company K.S.C.P. (Holding) (the merging company ) and First Dubai Real Estate Development Company K.S.C.P.( the merged company)

Material information

There is no impact on the company's financial position until the merger process is finalized.

Effect of the material information on the company financial position

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