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AL MAZAYA HOLDING COMPANY K.S.c. AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2011
MAlAY
1\
""'"TO tfAO
22.
SUBSIDIARIES
The details of the Group's subsidiaries are as follows:
Percentage of ownershiQ
{%
1
Country of
31 December
31 December
Subsidiaries
incor(!oration
2011
2010
Al Mazaya Real Estate Development Company -
K.S.C. (Closed)
Kuwait
100
100
Al Mazaya Real Estate FZ/LLC
U.A.E
100
100
AI Dana Real Estate Limited
U.A.E
100
100
AI Rayhan Real Estate Limited
U.A.E
100
100
Advantage General Trading Co. W.L.L.
U.A.E
100
100
Spectrum FZ / LLC
U.A.E
100
100
Mazaya Investments (DIFC) Limited
U.A.E
100
AI Mazaya Al Khalijia General Trading and
Contracting - Khalid S. Esbaitah and Partners -
W.L.L.
Kuwait
100
100
AI Mazaya Arabian Real Estate Company, Khalid
S. Esbaitah and Partners W.L.L.
Kuwait
100
100
Al Mazaya International Projects Management
Company, Khalid S. Esbaitah and Partner-
W.L.L.
Kuwait
100
100
Mazaya Lebanon Company - S.A.L. (Holding)
Lebanon
100
100
Mazaya Lamartien - S.A.L.
Lebanon
100
100
Seven Zones Real Estate Company K.S.C.
(Closed)
Kuwait
100
100
First Dubai Real Estate Development Company -
K.S.c. (Closed)
Kuwait
92.23
92.23
Future International Project Management - W.L.L.
Kuwait
85
85
Waterfront Real Estate Company K.S.C. (Closed)
Kuwait
86.43
86.43
Mezzan Combined For General Trading - W.L.L.
Company
Kuwait
100
100
United Circle General Contracting and Building
Company W.L.L
Kuwait
92.23
92.23
34