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 schedule for Corporate Actions (distribution of bonus shares from treasury shares)
31-July-2025
Date:30/07/2025
Subject: Disclosure of the schedule for Corporate Actions (distribution of bonus shares from treasury shares)
Reference to the above subject and to the disclosure of the condensed consolidated interim financial information of the company for the financial period ended 30/06/2025, please find attached the material information disclosure form indicating the schedule for Corporate Actions.
Form for Disclosing Material Information
| Date: |
30/07/2025 |
| Name of listed company |
Al Mazaya Holding Co. K.S.C.P |
| Material information |
The Board of directors of Al Mazaya Holding Co. has convened on 30/07/2025 at 1:00 PM where they discussed and approved thefollowing:
- Interim dividend distribution for the fiscal period ended on 30/06/2025 to the companies’ shareholders.: Based on the resolution of the Company’s Ordinary General Assembly dated 20/03/2025 that approved and authorized the Board of Directors’to distribute interim dividends (semiannual or quarterly) and to determine the dividends distribution rate, subject to making those distributions from real profits, and in accordance with generally accepted accounting principles without affecting the company’s paid up capital, the company’s Board of Directors had decided to distribute interim dividends as free bonus shares from Treasury shares at a rate of 2.5 % for the fiscal period ended on 30/06/2025 to the company’s shareholders registered in the company’s records as on the record date according to their ownership interest without any increase in the company’s capital or any increase in the number of issued shares. Those shares are entitled to the shareholders registered in the company’s records at the end of the record date that is scheduled on Thursday, 28/08/2025, and will be distributed on 09/09/2025. The Board of Directors approved the attached corporate action disclosure form and authorized the Chairman of the Board of Directors or the Executive Management to take the necessary actions to implement the Board resolution in front of the relevant authorities.
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Sr.
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Event
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Date
|
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1
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Confirmation date
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17/08/2025
|
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2
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Cum Date
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25/08/2025
|
|
3
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EX Date
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26/08/2025
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4
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Record Date
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28/08/2025
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5
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Payment date
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09/09/2025
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|
| Effect of the material information on the company financial position |
This distribution impact will be recorded once executed by reducing the retained earnings by an amount of KD 884,686 against treasury shares without any increase in either the Company’s share capital or its issued shares on the record date of such distribution. This amount may change based on the actual number of treasury shares as at the record date |
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.