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 Approval of CMA on the increase of the capital of Al Mazaya Holding Company
27-September-2026
Date:24/09/2026
Subject: Disclosure of the Approval of CMA on the increase of the capital of Al Mazaya Holding Company KSCP
With reference to the above-mentioned subject and the terms included in book 10 of the executive regulation of law No.7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities’ activities, please find enclosed herein a copy of the Disclosure of Material Information.
Disclosure of material information
| Date: |
24/09/2026 |
| Name of listed company |
Al Mazaya Holding Co. K.S.C.P |
| Material information |
We would like to inform you that the Capital Markets Authority (CMA), approved the request to increase the capital of Al Mazaya Holding Company K.S.C.P. today, Thursday, 24 September 2026, from KWD 52,556,117.400 to KWD 53,412,220.700, allocated over 534,122,207 ordinary shares, through an in-kind capital increase of 8,561,033 shares, representing approximately 1.6% of the Company's issued and paid-up capital.
The increase shall be effected through the issuance of 8,561,033 new shares at the nominal value of 100 fils per share, without any share premium. These shares shall be allocated to the shareholders of Waterfront Real Estate Company K.S.C.C., based on a share swap ratio of 0.6917566 share in Al Mazaya Holding Company K.S.C.P. for each share held in Waterfront Real Estate Company K.S.C.C.
This capital increase is in connection with the merger by amalgamation between Al Mazaya Holding Company K.S.C.P., as the Merging company, and Waterfront Real Estate Company K.S.C.C., as the Merged company.
The current shareholders of Al Mazaya Holding Company K.S.C.P. (the Merging company) have waived their pre-emptive subscription rights in respect of the newly issued shares. Accordingly, the entire capital increase shares shall be allocated to the non-controlling interest shareholders entitled thereto in Waterfront Real Estate Company K.S.C.C. (the Merged company), excluding the shares owned by Al Mazaya Holding Company K.S.C.P. in Waterfront Real Estate Company K.S.C.C. and the treasury shares of the Merged company, provided that such shareholders are registered in the shareholders' register of Waterfront Real Estate Company K.S.C.C. as of the entitlement date. |
| 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.