Mr. Rashid Al Nafisi
Chairman
from the Chairman
MESSAGE
02
Dear Shareholders,
Peace be upon you,
As you know, on Sunday January 18th 2015, Al Mazaya Holding announced
its audited financial data concluded in 2014. Building on these results, Al
Mazaya will proceed with its operations in great confidence to achieve
its farsighted goals. This year, Al Mazaya disclosed its financial data in
Kuwaiti market uniquely antedated other companies.
Distinguished shareholders,
The company achieved a net profit of KD 8.1 m by the end of 2014,
compared to KD 6.0 m end of 2013, with 13.05 fils per-share profitability,
compared to 9.69 fils per-share profitability in 2013 by virtue of the
company’s focus on operational activities increasing the occupancy rate
of its income-generating projects, which ultimately led to an increase in
the Rental Revenues of the company by 33.7%, with the increase of the
occupancy rate of the company
'
s several projects in a number of the GCC
countries such as KSA, Dubai and Kuwait.
