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 Reaching a preliminary agreement to study entering a merger through amalgamation between Al Mazaya Holding Company and Waterfront Real Estate Company
13-November-2025
Date:12/11/2025
Subject: Disclosure of Reaching a preliminary agreement to study entering a merger through amalgamation between Al Mazaya Holding Company K.S.C.P (Holding) and Waterfront Real Estate Company K.S.C.C.)
With reference to the above subject and Paragraph (20) 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 find attached Form for Disclosing Material Information
Form for Disclosing Material Information
| Date: |
12/11/2025 |
| Name of listed company |
Al Mazaya Holding Co. K.S.C. P |
| Material information |
The Board of Directors of Al Mazaya Holding Company has met on Wednesday 12/11/2025 at 1:30 pm, and a preliminary agreement was reached between:
1- Al Mazaya Holding Company K.S.C.P (Holding) (Listed)
2- Waterfront Real Estate Company K.S.C.C. (Not Listed)
Regarding their willingness to study entering into a merger by amalgamation in accordance with the provisions of Book No. (9) (Merger and Acquisition) of the Executive Regulations of Law No. (7) of 2010 and its amendments, and Companies Law No. (1) of 2016 and its executive regulations and its amendments, where Al Mazaya Holding Company K.S.C.P. (Holding) will be the Merging Company and Waterfront Real Estate Company K.S.C.C. will be the Merged Company. |
| Financial impact of the update (if any) |
There is no current financial impact on Al Mazaya Holding Company K.S.C. P. |
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.