Duyuru ve Tebliğler

“Garimenkul pazarı şüphesiz global olarak en dinamik pazarlardan biri olup. Al Malay Holding sizlerin piyasadaki en son gelişmelerden ve eğilimlerden haberdar olmanızı sağlar, Sizleri , mülk yatırımızın için en iyi şekilde bilgilendirileceğiniz, global ve lokal piyasalarla ilgili bilgi almak için, kapsamlı medya kösemize davet ediyoruz”

Al Mazaya Holding BOD had convened on Tuesday March 30, 2021 and approved to sign a facility agreement with a Kuwaiti bank.

30-Mart-2021

Reference to the above subject, and our disclosure on the date of 24/03/2021 kindly find attached the material information disclosure form clarifying the results of the meeting of the BOD of Al Mazaya Holding Company KSCP (Holding) held on Tuesday 30/03/2021.

Form for disclosing material information

 30/03/2021

 

Date:

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

Name of listed company

Al Mazaya HoldingBOD had convened on Tuesday March 30, 2021 at 1:00 pm and approved to sign a facility agreement with a Kuwaiti bank amounting to KD 24,488,732 (twenty-four million and four hundred eighty-eight thousand and seven hundred and thirty-two Kuwaiti Dinars) to reprofile the original outstanding facility of KD 22,700,000 in addition to the due finance cost towards the bank for a period of 6 years, The first payment is due upon signing the final contract, followed by equal payments for a period of five years, and a final payment is due at the end of the contract term on 31/01/2027.

 

Material information

There will be no impact on the Company’s financial position, nevertheless, this agreement will improve the Company’s liquidity during its tenor by converting most of the outstanding debt from short term to long term, it is expected that this agreement will be recorded in the company's financial statements upon signing the final agreement at the relevant government entities, and it is expected to take place during the second quarter of 2021

 

Effect of the material information on the company financial position