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.
Disclosure of the Date of BOD Meeting of Al Mazaya Holding Company
23-August-2026
Date:19/08/2026
Subject: Disclosure of the Date of BOD Meeting of Al Mazaya Holding Company KSCP (Holding)
Al Mazaya Holding Company would like to inform you that the board of directors will meet on Tuesday 25/08/2026 at 1:30 PM to discuss the items included in the attached disclosure form.
Form for Disclosing Material Information
| Date: |
19/08/2026 |
| Name of listed company |
Al Mazaya Holding Co. K.S.C.P |
| Material information |
The BOD of Al Mazaya Holding Company K.S.C.P (Holding) will convene on Tuesday 25/08/2026 at 01:30 PM to discuss the following:
- To discuss the recommendation to the Extraordinary General Assembly to approve the merger contract through amalgamation between Al Mazaya Holding Company K.S.C.P. (The merging company) and Waterfront Real Estate Company K.S.C.C.).(The merged company).
- To discuss the recommendation to the Extraordinary General Assembly to approve the merger through amalgamation between Al Mazaya Holding Company K.S.C.P. (The merging company) and Waterfront Real Estate Company K.S.C.C.(The merged company).
- To discuss the recommendation to the Extraordinary General Assembly to approve an increase in the capital of Al Mazaya Holding Company through in-kind increase by issuing 8,561,033 shares allocated to the shareholders of Waterfront Real Estate Company K.S.C.C., those with non-controlling interest, so that the company’s paid-up capital becomes 53,412,220.700 KD distributed into 534,122,207 shares, after obtaining the approvals of the competent regulatory authorities.
- To discuss the recommendation to the Extraordinary General Assembly regarding the approval of the continuation of trading of Mazaya Holding Company K.S.C.P. shares on Boursa Kuwait and the Dubai Financial Market (DFM).
- To discuss the recommendation to the Extraordinary General Assembly regarding the amendment of Article (5) of the Company’s Statute and Article (6) of the Articles of Association in relation to the increase of the Company's share capital resulting from the merger transaction.
- To discuss the draft agenda of the Extraordinary General Assembly.
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| Effect of the material information on the company financial position |
There is no impact on the company's financial position until the merger process is finalized. |
The issuer of this disclosure bears full responsibility for the soundness, accuracy, and completeness of the information contained therein. The issuer acknowledges that it has assumed Care of a Prudent Person to avoid any misleading, false, or incomplete information. The Capital Markets Authority and Boursa Kuwait Securities Exchange shall have no liability whatsoever for the contents of this disclosure. This disclaimer applies to any damages incurred by any Person as a result of the publication of this disclosure, permitting its dissemination through their electronic systems or websites, or its use in any other manner.