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 Results of BOD Meeting of Al Mazaya Holding Co.
06-July-2023
Date: 06/07/2023
Subject: Disclosure of the Results of BOD Meeting of Al Mazaya Holding Co.
Reference to the above subject, and our disclosure on the date of 03/07/2023, kindly find attached the material information disclosure form regarding the results of the meeting of the BOD of Al Mazaya Holding Co. held on 06/07/2023.
Form for Disclosing Material Information
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06/07/2023
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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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The Board of Directors recommended distributing interim dividends for the period ended 31/03/2023 as free bonus shares from the company’s treasury shares at the rate of 2 % to be distributed among the shareholders registered in the company’s shares’ registry as of the Eligibility Date which will be determined by the Shareholders’ General Assembly. This will not result in any increase in the company’s capital or its issued shares. The board also recommended taking the necessary actions to hold an Ordinary General Assembly Meeting to discuss those board recommendations.
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Material information
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There is no current financial impact, and there will be no financial impact on the company’s total equity upon the execution of those dividends distribution as this transaction will be executed between equity accounts.
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Effect of the material information on the company financial position
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