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.
Postponed ordinary AGM Results disclosure for Al Mazaya Holding Co.
31-March-2026
Date:30/03/2026
Subject: Postponed ordinary AGM Results disclosure for Al Mazaya Holding Co. KSCP
With reference to the above subject and to paragraph 27 of article 4-1-1 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 be advised that the postponed ordinary AGM of the Company was held on 30/03/2026.
Disclosure of material information
| Date: |
30/03/2026 |
| Name of listed company |
Al Mazaya Holding Co. K.S.C.P |
| Disclosure Subject |
- The Postponed Ordinary AGM has approved all the items on the Postponed AGM agenda for the fiscal year ending December 31, 2025, part of which is mentioned in the following items. Additionally, some items have not been approved by some shareholders while others refrained from voting. This will be disclosed when we disclose the minutes of the meeting of the AGM to be ratified by the Ministry of Commerce and Industry.
- Postponed AGM approved the recommendation of the Board of Directors to distribute dividends for the year ending on 31/12/2025 to the company's shareholders, to be distributed as free bonus shares from treasury shares at a rate of 2.5% to the shareholders registered in the company’s records as of the record date, each according to the number of shares they hold, without resulting in an increase in the company's capital or in the number of issued shares. These shares will be entitled to the shareholders registered in the company’s records at the end of the record date, which is Thursday, 23/04/2026, and will be distributed on 30/04/2026, with authorization granted to the Board of Directors to amend the schedule for the entitlement of shares and take appropriate action regarding fractional shares, noting that shareholders representing 4.95 % of the total attendance shares, refrained from voting on this item.
(Please note that the company has distributed dividends of 2.5% as free bonus shares from treasury shares for the second quarter of 2025, bringing the total of dividends distributions for the year 2025 to 5% as free bonus shares from treasury shares.)
- Postponed AGM approved the appointment of Dr. Shuaib Abdullah Mohammed Shuaib - Al-Bazie & Co. as the company’s Auditor for the fiscal year ending on 31/12/2026 and authorized the Board of Directors to determine their fees, noting that shareholders representing 5.22% of the total attendance shares, refrained from voting on this item.
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| Effect of the material information on the company financial position |
There is no financial impact |
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.