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May Peace, Mercy and the Blessings of Allah be upon you!

It gives me great pleasure to meet you again at the beginning of an auspicious year that, God willing, will

add a new chapter of success to Al Mazaya Holding’s track record of achievements. We are here to present

the 2016 Annual Report, which proves Al Mazaya Holding ability in continuing its steady growth, relying

on the energy and drive of its people to reach new great heights of success at all levels, starting from

asset management, going all the way down to execution, marketing, close-out and handover of different

projects.

Before I begin to reveal the financial results and achievements of last year, by the grace of the Almighty

Allah, and thanks to the prudent strategy adopted byAl Mazaya Holding, I would like to sincerely thank and

express my gratitude to all our shareholders who have wholeheartedly supported us since our inception.

Honorable Shareholders,

In 2016, Al Mazaya Holding managed to ensure a steady performance and positive results all year round

in all its platforms, proving its real value and stature as a pioneering real estate developer in the region.

The company has continued to make great strides in its financial results and reported a net profit of KWD

10.25 million by the end of 2016, which is a 10.02% increase from the KWD 9.32 million achieved by

the end of 2015 – earnings per share (EPS) were calculated at 16.51 fils per share by the end of 2016,

compared to 15.04 per share by the end of 2015. These achievements were made by the grace of Allah

and due to the focus on sale and rent operations, the timely delivery of projects in accordance with the

predetermined schedule, the well-thought out marketing plan, the huge demand for the units available for

02

Mr. Rashid Al Nafisi

Chairman

ANNUAL REPORT

2016