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.
Annual Consolidated Financial Statements for the Year Ended at 31/12/2017 For Al Mazaya Holding Co.
In reference to the above subject, we are pleased to inform you that the Board of Directors of Al Mazaya Holding Company KSC was held on Thursday 1/2/2018 at 1:00 pm and approved the financial statements for the year ended 31/12/2017 and recommended the following to the AGM:
- Distribution of cash dividend of 8% of the nominal value per share at the rate of 8 fils per share.
Dividends entitlement date will be on April 12, 2018 and dividends distribution date will be on 24th April, 2018.
Kindly find attached the following:
- Annual Consolidated Financial Statements disclosures according to Boursa Kuwait templates.
- Consolidated statement of financial position.
- Consolidated statement of income.
- Independent Auditors’ Report on the Annual Consolidated Financial Statements for the year ended at 31/12/2017.