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.

Announcements & Disclosures

The General Assembly of the Company was held on 28/03/2018 and has approved all the agenda items.

29-March-2018

With reference to the above subject and to paragraph 27 of article 1-1-4 of chapter 4 of book 10 of the executive regulation of law No.7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities’ activities, kindly be advised that the General Assembly of the Company was held on 28/03/2018 and has approved all the agenda items as contained in the attached form:

 

Disclosure of material information

28/3/2018

Date:

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

Name of listed company

The General Assembly has approved the board of directors’ proposal to distribute cash dividend of 8% of the paid-up capital which is equivalent to 8 Kuwaiti fils per share, with a total amount of KD 5,424,427 (Five Million and Four Hundred and Twenty Four Thousands, Four Hundred and Twenty Seven Kuwaiti Dinars) to the registered shareholders as of the date April 12, 2018 and dividends distribution date will be on 24th April, 2018.

The General Assembly  has approved the nomination of Mr. Shuaib Abdullah Mohammed Shuaib Al-Buzaie & Co. as Auditors to the Company's accounts for the financial year ending on 31/12/2018 and to authorize the Board of Directors to determine their fees

The remaining items of the Ordinary General Assembly Agenda have been approved. The General Assembly minutes of meeting will be announced after being delivered to the Ministry of Commerce and Industry.

Material information

There is no financial impact

Effect of the material information on the company financial position