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 of material information
29-February-2024
Date: 29/02/2024
Subject: Supplementary Disclosure of material information
With reference to the above subject and Paragraph (22) 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 find attached the form of supplementary disclosure of material information.
Supplementary Disclosure form
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29/02/2024
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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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Supplementary Disclosure of material information.
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Disclosure Subject
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27/02/2024.
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Date of previous disclosure
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We would like to inform you that the Capital Markets Authority issued the approval to execute the merger by amalgamation between Al Mazaya Holding Company K.S.C.P. and First Dubai Real Estate Development Company K.S.C.P., provided that the provisions of Law No. 7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities’ activities and its executive bylaws and their amendments are complied with, in addition to following the procedures of executing mergers transactions mentioned in Appendix No. (1) of Book Nineteen (Mergers and Acquisitions) of the executive bylaws of the aforementioned law.
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Disclosure updates
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There is no financial impact.
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Financial impact of the update (if any)
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