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AL MAZAYA SUBSIDIARIES & ASSOCIATES                                                                                                                                                                           9






                                                  AL MAZAYA SUBSIDIARIES & ASSOCIATES





                                 Al Mazaya Real Estate Development Co. K.S.C.C.
                                 Gulf Turkey for General Trading W.L.L.
                                 First Dubai Real Estate Development Company K.S.C.
                                 Future International Project Management W.L.L.

                KUWAIT           Waterfront Real Estate Company K.S.C.C.
                                 Mezzan Combined For General Trading W.L.L.
                                 United Circle General Contracting and Building O.P.C
                                 Al Yammar Kuwaiti Agriculture Co. O.P.C.
                                 AL Mazaya Prime Project Management O.P.C.
                                 Med Cell Medical Co. K.S.C.C.                                        MREC      Gulf Turkey  Al Yammar   First Dubai   Mezzan             Mazaya Grand  Mazaya Lebanon   Mazaya Ritim   Mazaya Real   MREC
                                                                                                                                                                                                    SAL
                                                                                                                                         KSCC
                                                                                                      KSCC
                LEBANON          Al Mazaya Lebanon S.A.L. (Holding)                                   79.7 %     98.00 %   Agricultural  62.08 %    W.L.L                 RealEstate Co.  SAL Holding  90 %  Estate Turkey  LCC OMan
                                                                                                                                                    99 %
                                                                                                                                                                                                                          99 %
                                                                                                                                                                                                               100 %
                                                                                                                                                                            100 %
                                                                                                                             100 %
                                                                                                                                                                                       99.85 %
                                 Al Mazaya Lamartin S.A.L.
                                                                                                             UC
                KSA              Kuwaiti Saudi Real Estate Investment Limited Co. O.P.C.         Bilsan     OPC              Future   Kuwaiti Saudi                                    Mazaya           AlMazaya
                                                                                                                              W.L.L
                                                                                                                                                                                                         Prime
                                                                                                                                        100 %
                                                                                                 OPC
                                 Al Mazaya Grand Real Estate Co. O.P.C.                          100 %      100 %             99 %                                                     Lamartiein        LLC %90
                                                                                                                                                                                       99.75 %
                TURKEY           Mazaya Real Estate Turkey GAYRIMENKUL YATIRIMLARI ANONIM SIRKETI                           Water Front
                                 MAZAYA Ritim INSAAT ANONIM SIRKETI                                                           KSCC
                OMAN             Mazaya Real Estate Development W.L.L.
                                                                                                            Flaw Less   Variety   Concerto    CT&J
                BAHRAIN          Bilsaan Real Estate O.P.C                                                 properties limited   properties limited  invest. limited  properties limited
                                                                                                                                   100 %
                                                                                                             100 %
                                                                                                                                              100 %
                                                                                                                        100 %
                                 Mazaya Al Ghad  L.L.C.                                                                                                    MAZAYA AL GHAD
                                 Al Mazaya Real Estate FZ L.L.C                                                                                                 %100
                                 AL Madar Gulf Limited
                                 Al Wahda Real Estate Investments Limited
                                 Advantage General Trading O.P.C.
                                 Al Rayhan Real Estate Limited                    Ertibat Facilities   Tayeed  Advantage  Feature Point  View Point   Al Murooj   Al Telal   Mazaya   Mazaya   Al Wehda  Al Rihana  MREC   Al Dana
                                                                                   Management   100 %      100 %     Real Estate  Real Estate  AlKhadraa RE  AlKhadraa RE  Emirates OPC  Administration  Real Estate  80 %  Free Zone  80 %
                                                                                     Services
                                 Al Dana Real Estate Limited                        LLC.100 %                         100 %     100 %      100 %      100 %      %100      Office DMCC.  50 %                  100 %
                                                                                                                                                                             %100
                 UAE -           Al Mazaya Emirates Development (DMCC branch)
                                 Al Mazaya Emirates Development OPC LLC                                                                                          Mazaya                                     Al Madar Gulf
                                                                                                                                                                                                              Limited
                 DUBAI                                                                                                                                         Emirates DMCC
                                 Mazaya Administration Office DMCC                                                                                               %100                                         49.99 %
                                                                                         UAE
                                 Flaw less properties limited company
                                 Varitety Plus properties limited company                KUWAIT
                                 Concerto investments limited company
                                                                                         LEBANON
                                 CT& J  properties limited company
                                 AlTelal Alkhadraa Real Estate  Co.  L.L.C               KSA
                                 AlMurooj Alkhadraa Real Estate  Co.  L.L.C
                                                                                         TURKEY
                                 Feature Point Real Estate Development Co.   L.L.C
                                 View Point Real Estate Development Co.   L.L.C         OMAN
                                 Tayeedowner association management services            BAHRAIN
                                 Ertibat Facilities Management Services
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