Mazaya Real Estate Development Q.P.S.C. announces the results of the EGM. The meeting was held on 15/05/2024 and the following resolution were approved

Item 1: Amending the relevant articles of the Company’s current Articles of Association regarding increasing the percentage of foreign ownership to become 100% of the capital, equivalent to one billion shares.

Item 2: Amending the Articles of Association by adding a clause that allows the Board of Directors to distribute interim dividends.

Item 3: Delegating the Chairman to sign and amend the Articles of Association and complete the procedures for obtaining the required approvals and document them with the competent authorities.

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