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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.

Convocation of the AGM & EGM for Al Mazaya Holding Co.

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29-August-2023

Date: 28/08/2023

Subject: Convocation of the AGM and EGM for Al Mazaya Holding Co.

In reference to above subject, and to paragraph 25 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 note that the AGM for Al Mazaya Holding Co. will be held on Wednesday 27/9/2023 at 11:30 AM, and the EGM meeting will be held on the same day at 11:45 am, in the company premises in Al Merqab – Khaled bin Al Waleed Str. – Al Mazaya Tower (1) – Floor (22).

Herewith attached the General Assembly Information Announcement Form

 EGM Information Announcement Form

28/08/2023

Date:

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

Name of listed company

Ordinary and Extraordinary

General assembly Type

27/9/2023

General assembly Date

10/9/2023

The final date for purchasing the company's shares to be registered in the registry of the right to attend the General assembly *

10/9/2023

Cum Date

13/9/2023

Date of the right to attend the General assembly **

Agenda of the Ordinary General Assembly

Discussing the partial offset of accumulated losses full balance amounting to KD 24,245,118 as included in the audited consolidated financial statements for the fiscal period ended 30/06/2023, through:

1) Reducing the Statutory Reserve balance by KD 937,755

2) Reducing the entire Share Premium balance amounting to KD 8,826,198.

That shall result in a remaining balance of accumulated losses amounting to KD 14,481,165.

Agenda of the Ordinary General Assembly

First: Discussing the reduction of the company's Share Capital.

Discussing the reduction of the company’s authorized, issued and paid-up share capital from KD 62,955,981.600 (sixty-two million nine hundred and fifty-five thousand nine hundred and eighty-one Kuwaiti Dinars and 600 fils) to KWD 48,474,816.600 (forty-eight million four hundred and seventy-four thousand eight hundred and sixteen Kuwaiti Dinars and 600 fils) in order to offset the remaining balance of accumulated losses amounting to KD 14,481,165 as of 30/06/2023, after full utilization of the Share Premium balance and partial utilization of Statutory Reserve balance.

Second: Discussing the amendment of Article (5) of the Company’s Statute and Article (6) of the Articles of Association.

Current Text:

The authorized, issued and paid-up share capital of the company has been set at KD 62,955,981.600 (sixty-two million nine hundred and fifty-five thousand nine hundred and eighty-one Kuwaiti Dinars and 600 fils) distributed over 629,559,816 shares (six hundred twenty-nine million five hundred and fifty-nine thousand eight hundred and sixteen shares) with value per share of 100 fils, and all shares are in cash.

Text after modification:

The authorized, issued and paid-up share capital of the company has been set at KD 48,474,816.600 (forty-eight million, four hundred and seventy-four thousand, eight hundred and sixteen Kuwaiti dinars and 600 fils)distributed over 484,748,166 shares (four hundred and eighty-four million, seven hundred and forty-eight thousand, one hundred and sixty-six shares) with value per share of 100 fils, and all shares are in cash.

Items of the Agenda

Physical attendance

General assembly means to participate.

Al-Merqab, Block (3) Khaled Bin Al-Waleed Street - Building (2) - Al-Mazaya Tower No. (1), Floor (22)

General assembly Place

5/10/2023

The postponed date of General assembly in case of lack of quorum

*The third working day preceding the date of the right to attend the General assembly according to the current settlement cycle.

** Every shareholder registered in the company's records on this day has the right to attend the General assembly even if the share was sold before the date of convocation of the General assembly.

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