The Board of Directors of Mazaya Real Estate Development is pleased to invite the esteemed shareholders to attend the Ordinary and Extraordinary General Assembly Meeting of the Company, scheduled to be held on Wednesday, 25 March 2026, at 5:30 p.m., to be conducted in person at the ballroom of The St. Regis Marsa Arabia Hotel – The Pearl.
In the event that the legal quorum is not met, a second meeting will be held on Wednesday, 1 April 2026, at the same time and venue, to discuss the following agenda:
Ordinary General Assembly Meeting’s Agenda Items.
Item 1: Hearing the Board of Directors’ report and the Chairman’s speech on the company’s activities and financial position for the fiscal year ending December 31, 2025, as well as the future plan.
Item 2: Hearing the Sharia’a Supervisory Board report.
Item 3: Hearing and approving the auditors’ report for the year ending December 31, 2025.
Item 4: Discussing and approving the company’s balance sheet and profit and loss account for the fiscal year ending December 31, 2025.
Item 5 Approving and endorsing the Corporate Governance Report for the year ending December 31, 2025.
Item 6: Approving the Board of Directors’ recommendation not to distribute cash dividends to shareholders for the fiscal year ending December 31, 2025.
Item 7: Discharging the Board of Directors from liability for the fiscal year ending December 31, 2025, and approving the payment of a lump-sum amount to them.
Item 8: Appointing the auditors for the financial year 2026 and determining their fees.
Item 9: Election of the Board of Directors members.
Agenda Items of the Ordinary General Assembly Meeting of Mazaya Real Estate Development
Item One: Authorizing the Board of Directors to dispose of fractional shares resulting from the capital reduction.
