Notes to The Consolidated Financial Statements
AL MAZAYA HOLDING K.S.C. (HOLDING) AND ITS SUBSIDIARIES
For the year ended 31 December 2011
44
22. SUBSIDIARIES
The details of the Group’s subsidiaries are as follows:
100
100
100
100
100
100
-
100
100
100
100
100
100
92.23
85
86.43
100
92.23
100
100
100
100
100
100
100
100
100
100
100
100
100
92.23
85
86.43
100
92.23
Subsidiaries
Al Mazaya Real Estate Development Company – K.S.C. (Closed)
Al Mazaya Real Estate FZ/LLC
Al Dana Real Estate Limited
Al Rayhan Real Estate Limited
Advantage General Trading Co. W.L.L.
Spectrum FZ / LLC
Mazaya Investments (DIFC) Limited
Al Mazaya Al Khalijia General Trading and
Contracting – Khalid S. Esbaitah and Partners – W.L.L.
Al Mazaya Arabian Real Estate Company, Khalid S. Esbaitah and Partners W.L.L.
Al Mazaya International Projects Management Company,
Khalid S. Esbaitah and Partner – W.L.L.
Mazaya Lebanon Company - S.A.L. (Holding)
Mazaya Lamartien – S.A.L.
Seven Zones Real Estate Company K.S.C. (Closed)
First Dubai Real Estate Development Company - K.S.C. (Closed)
Future International Project Management – W.L.L.
Waterfront Real Estate Company K.S.C. (Closed)
Mezzan Combined For General Trading - W.L.L. Company
United Circle General Contracting and Building Company W.L.L
Percentage of ownership (%)
Country of
incorporation 31 Dec. 2011 31 Dec. 2010
Kuwait
U.A.E
U.A.E
U.A.E
U.A.E
U.A.E
U.A.E
Kuwait
Kuwait
Kuwait
Lebanon
Lebanon
Kuwait
Kuwait
Kuwait
Kuwait
Kuwait
Kuwait
23. SEGMENT INFORMATION
For management purposes, the Group is divided into three main geographical segments that are: State of Kuwait, United
Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA) and others, where the Group performs its main activities in the real
estate segment. There is no income generating transactions between the Group’s segments.
)18,621,466(
)19,618,543(
251,282
251,282
2,723,851
2,873,139
)12,691,538(
)18,824,785(
2,954,795
)2,330,663(
)2,870,615(
)3,050,229(
264,018
264,018
)556,964(
649,650
)8,034,675(
)13,012,770(
)4,871,114(
)10,876,209(
31 December 2011
31 December 2010
Total
KD
Kuwait
KD
UAE
KD
KSA
KD
Others
KD
Segment income
Segment (loss) / profit
Segment income
Segment (loss) / profit
Kuwait
KD
UAE
KD
KSA
KD
Total
KD
Others
KD
