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 Results of BOD Meeting of Al Mazaya Holding Co.
11-October-2026
Date:07/10/2026
Subject: Disclosure of the Results of BOD Meeting of Al Mazaya Holding Co.
Reference to the above subject, and our disclosure on the date of 01/10/2026, kindly find attached the material information disclosure form regarding the results of the meeting of the BOD of Al Mazaya Holding Co. held on 07/10/2026.
Form for Disclosing Material Information
| Date: |
07/10/2026 |
| Name of listed company |
Al Mazaya Holding Co. K.S.C. P |
| Material information |
The Board of Directors of Al Mazaya Holding Company K.S.C.P. has convened on Wednesday 07/10/2026, at 01:30 PM where they resolved the following:
1- To recommend the delisting of Al Mazaya Holding Company's shares from the Dubai Financial Market (DFM) and their transfer to Boursa Kuwait, and to submit such recommendation to the Company's General Assembly for approval and ratification.
2- To approve the termination of the lease agreement of one of the medical towers related to a subsidiary company in the State of Kuwait. |
| Effect of the material information on the company financial position |
1- There will be no financial impact on the Company arising from the delisting of its shares from the Dubai Financial Market (DFM) and the transfer of such shares to Boursa Kuwait.
2- The termination of the lease agreement of one of the medical towers related to a subsidiary company in the State of Kuwait is expected to result in the recognition of a loss of approximately KWD 1.5 million, representing the net carrying amount of the related right-of-use of that tower. The resulting loss will be reflected in the Company's financial statements during the fourth quarter of 2026. |
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.