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.
First Dubai Real Estate Development Company had disclosed that one of its subsidiaries recommended to hold an extra ordinary general assembly meeting for shareholders to discuss the approval for disposal of land plots owned by the subsidiary in Dubai.
02-November-2022
Date: 02/11/2022
Subject: Disclosure of material information
With reference to the above subject and article 4-4-1 of chapter 4 of book 10 of the executive regulation of law No.7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities’ activities, kindly find attached disclosure of material information form
Form for disclosing material information
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02/11/2022
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Date:
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Al Mazaya Holding Co. K.S.C. P
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Name of listed company
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First Dubai Real Estate Development Company K.S.C.P (a subsidiary of Al Mazaya Holding) had disclosed that one of its subsidiaries recommended to hold an extra ordinary general assembly meeting for this subsidiary’s shareholders to discuss the approval for disposal of land plots owned by the subsidiary in Dubai either through sale or swap with other land plots or properties.
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Material information
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There is currently No financial impact from that matter.
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Effect of the material information on the company financial position
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