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AL MAZAYA HOLDING COMPANY K.S.C. AND ITS SUBSIDIARIES
INTERIM CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
For the period from I January to 31 March 2012
1.
FORMATION AND PRINCIPAL ACTIVITIES
Al Mazaya Holding Company - K.S.C. (Holding) was incorporated on 7 November 1998 under the Commercial
Companies Law No. 15 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 Al Salem
Street, P.O. Box 3546, Safat 13036, Kuwait.
This interim consolidated fmancial information was approved for issue by the Board of Directors on 14 May
2012.
The interim 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"):
Percentage of ownership (%)
(Audited)
Country of
31 March 31 December 31 March
Subsidiaries
incoœoration
2012
2011
2011
Al Mazaya Real Estate Development
Company - K.S.C. (Closed)
Kuwait
100
100
100
Al Mazaya Real Estate FZ/LLC
U.A.E
100
100
100
Al Dana Real Estate Limited
U.A.E
100
100
100
Al Rayhan Real Estate Limited
U.A.E
100
100
100
Advantage General Trading Co. W.L.L.
U.A.E
100
100
100
Spectrum FZ / LLC
U.A.E
100
100
100
Mazaya Investments (DIFC) Limited
U.A.E
100
Al Mazaya Al Khalijia General Trading and Contracting
- Khalid S. Esbaitah and Partners - W.L.L.
Kuwait
100
100
100
Al Mazaya Arabian Real Estate Company, Khalid S.
Esbaitah and Partners W.L.L.
Kuwait
100
100
100
Al Mazaya International Projects Management Company,
Khalid S. Esbaitah and Partners W.L.L.
Kuwait
100
100
100
Mazaya Lebanon Company - S.A.L.
(Holding) and its subsidiary:
Lebanon
100
100
100
Mazaya Lamartien - S.A.L.
Lebanon
100
100
100
Seven Zones Real Estate Company
K.S.C. (Closed)
Kuwait
100
100
100
First Dubai Real Estate Development Company - K.S.C.
(Closed)
Kuwait
92.23
92.23
92.23
Future International Project
Management - W.L.L.
Kuwait
85
85
85
Waterfront Real Estate Company
K.S.C. (Closed)
Kuwait
86.43
86.43
86.43
Mezzan Combined For General
Trading - W.L.L. Company
Kuwait
100
100
100
United Circle General Contracting and Building
Company W.L.L
Kuwait
92.23
92.23
92.23
2.
BASIS OF PREP ARA TION
This interim consolidated fmancial information has been prepared in accordance with International Accounting
Standard 34, "Interim Financial Reporting". This interim consolidated fmancial 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 three-month period are not necessarily
indicative of the results that may be expected for the year ending 31 December 2012. For further information,
refer to the annual audited financial statements included in the Group's annual report for the year ended 31
December 2011.
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