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AL MAZAYA HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
NOTES TO THE INTERIM CONDENSED CONSOLIDA TED FINANCIAL INFORMATION
(UNAUDITED)
For the period from I January to 30 September 20 II
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A'~"
'TOU:AO1.
FORMATION AND PRINCIPAL ACTIVITIES
AI Mazaya Holding Company - K.S.C. (Holding) was incorporated on 7 November 1998 under the
Commercial Companies Law No. IS of 1960 and amendments thereto.
The Parent Company is engaged in investment in local and foreign companies, real estate properties and
consultancy services. The registered Head Office of the Parent Company is at Salhiya complex, Fahed AI
Salem Street, P.O. Box 3546, Safat 13036, Kuwait.
This interim condensed consolidated financial information was approved for issue by the Board of Directors
on 14 November 2011.
2.
BASIS OF PREPARATION
This interim condensed consolidated financial information has been prepared in accordance with International
Accounting Standard 34, "Interim Financial Reporting". This interim condensed consolidated financial
information does not contain all information and disclosures required for complete set of financial statements
prepared in accordance with the International Financial Reporting Standards.
In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary
for fair presentation have been included.
Operating results for the nine-month period are not necessarily indicative of the results that may be expected
for the year ending 31 December 2011. For further information, refer to the annual audited financial
statements included in the Group's annual report for the year ended 31 December 20 IO.
The interim condensed consolidated financial information include the financial information of AI Mazaya
Holding Company K.S.C.("the Parent Company") and the following subsidiaries (together referred to as "the
Group"):
Subsidiaries
Al Mazaya Real Estate Development
Company - K.S.C. (Closed)
AI Mazaya Real Estate
FZ/LLC
AI Dana Real Estate Limited
AI Rayhan Real Estate Limited
Advantage General Trading Co. W.L.L.
Spectrum FZ
I
LLC
Mazaya Investments (DIFC) Limited
AI Mazaya AI Khalijia General Trading
and Contracting - Khalid S. Esbaitah
and Partners - W.L.L.
AI Mazaya Arabian Real Estate
Company, Khalid S. Esbaitah and
Partners W.L.L.
AI Mazaya International Projects
Management Company, Khalid S.
Esbaitah and Partners W.L.L.
Mazaya Lebanon Company - S.A.L.
(Holding)
Percentage of ownershie
(%)
(Audited)
30
31
30
Country of
September
December
September
incorporation
2011
2010
2010
Kuwait
100
100
100
U.A.E
100
100
100
U.A.E
100
100
100
U.A.E
100
100
100
U.A.E
100
100
100
U.A.E
100
100
100
U.A.E
100
100
Kuwait
100
100
100
Kuwait
100
100
100
Kuwait
100
100
100
Lebanon
100
100
100
8