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 Material Information
23-March-2025
Date: 23/03/2025
Subject: Disclosure of Material Information
With reference to the above subject and to paragraph 9 of article 4-1-1 of chapter 4 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, kindly be advised of the Composition of the Board of Directors.
Disclosure of material information
| Date: |
20/03/2025 |
| Name of listed company |
Al Mazaya Holding Co. K.S.C. P |
| Material information |
With reference to the Ordinary General Assembly meeting of Al Mazaya Holding Company held on 20/03/2025, during which a new Board of Directors was elected for a term of three years, the Board of Directors of the Company met and elected by secret voting Chairman and Vice Chairman of the Board of Directors, where the board composition is as follows:
1) Mr. Rasheed Yaqoub Alnafisi. (Chairman -(non-Executive)
2) Mr. Mohammad Mahmoud Yousef Al-Fulaij representing Al-Yamar Real Estate Company W.L.L (Vice Chairman– non-Executive)
3) Mr. Fahad Abdulmohsen Fahad Al- Nafisi representing Mezzan Combined for General Trading W.L.L. (Board member -non-Executive)
4) Mr. Mohammad Khaled Othman AL Othman. (Independent Board member)
5) Mr. Mr. Abdul Hameed Mohammad Deeb Mehrez (Independent Board member)
|
| Effect of the material information on the company financial position |
There is no financial impact |
The issuer of this disclosure bears full responsibility for the soundness, accuracy, and completeness of the information contained therein. The issuer acknowledges that it has assumed Care of a Prudent Person to avoid any misleading, false, or incomplete information. The Capital Markets Authority and Boursa Kuwait Securities Exchange shall have no liability whatsoever for the contents of this disclosure. This disclaimer applies to any damages incurred by any Person as a result of the publication of this disclosure, permitting its dissemination through their electronic systems or websites, or its use in any other manner.