{"data":{"id":"a2d6b42d-d259-4851-8987-aef1cba8fcb5","type":"article","translation_group_id":"a2d6b42d-d0dd-42d4-ae5e-94602ce6c3cd","language":"en","content_type":"announcement","title":"Kuwait CMA approves Mazaya capital rise for Waterfront merger swap","dek":"Kuwait\u2019s Capital Markets Authority approved raising Al Mazaya Holding\u2019s capital from KWD 52.56m to KWD 53.41m via an in-kind issue tied to its merger with Waterfront Real Estate.","slug":"mazaya-cma-approves-capital-increase-waterfront-merger-24-sep-2026","published_at":"2026-09-24T14:12:58+00:00","updated_at":"2026-09-24T14:12:58+00:00","primary_category":{"id":"2","type":"category","key":"corporate","name":"Corporate","slug":"corporate","summary":"Company filings, board decisions, M&A, buybacks, and governance across listed issuers.","seo_title":"Corporate News | Capital Wire","meta_description":"Company filings, board decisions, M&A, buybacks, and governance news covering listed issuers across UAE and GCC equity markets."},"featured_media":{"id":"a2d6b779-b571-436e-99c9-97de8a590b6a","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/5b01e5c17f3bca76b1a45e6c4cf1f3990b50c4f0a4cf189b8f66d2fcf7513d07.webp","mime":"image\/webp","srcset":null,"width":960,"height":540,"alt":"Mazaya CMA capital increase approval cover","caption":null,"credit":"capital-wire.com","license":"operator-supplied","ai_generated":false},"entities":[{"id":"a2d6b3f4-b45f-4fec-b5a6-367f4c93f5b2","type":"entity","entity_type":"company","collection":"companies","name":"Al Mazaya Holding Company K.S.C.P.","slug":"al-mazaya-holding-company-kscp","ticker":"MAZAYA","is_primary":true}],"flags":{"breaking":false,"featured":false,"correction":false},"subtitle":null,"executive_summary":null,"key_points":[],"body":[{"type":"paragraph","text":"Al Mazaya Holding Company K.S.C.P., listed on Dubai Financial Market under the ticker MAZAYA, said Kuwait\u2019s Capital Markets Authority on Thursday, 24 September 2026 approved increasing its capital from KWD 52,556,117.400 to KWD 53,412,220.700, allocated over 534,122,207 ordinary shares."},{"type":"paragraph","text":"The increase is an in-kind issue of 8,561,033 shares, about 1.6% of issued and paid-up capital, at a nominal value of 100 fils per share with no share premium. The new shares will be allocated to shareholders of Waterfront Real Estate Company K.S.C.C. at a swap ratio of 0.6917566 Mazaya share for each Waterfront share."},{"type":"paragraph","text":"The rise supports a merger by amalgamation in which Mazaya is the merging company and Waterfront is the merged company. Existing Mazaya shareholders waived pre-emptive rights, so the new shares go to non-controlling Waterfront shareholders entitled thereto, excluding Mazaya\u2019s own Waterfront stake and Waterfront treasury shares. The company said there is no impact on its financial position until the merger is completed."},{"type":"paragraph","text":"According to an Al Mazaya Holding material-information disclosure filed with Dubai Financial Market on 24 September 2026."}],"seo":{"seo_title":"Kuwait CMA approves Mazaya capital rise for Waterfront merger swap","meta_description":"Kuwait\u2019s Capital Markets Authority approved raising Al Mazaya Holding\u2019s capital from KWD 52.56m to KWD 53.41m via an in-kind issue tied to its merger with Waterfront Real Estate.","og_title":"Kuwait CMA approves Mazaya capital rise for Waterfront merger swap","og_description":"Kuwait\u2019s Capital Markets Authority approved raising Al Mazaya Holding\u2019s capital from KWD 52.56m to KWD 53.41m via an in-kind issue tied to its merger with Waterfront Real Estate.","social_image":{"id":"a2d6b779-b571-436e-99c9-97de8a590b6a","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/5b01e5c17f3bca76b1a45e6c4cf1f3990b50c4f0a4cf189b8f66d2fcf7513d07.webp","mime":"image\/webp","srcset":null,"width":960,"height":540,"alt":"Mazaya CMA capital increase approval cover","caption":null,"credit":"capital-wire.com","license":"operator-supplied","ai_generated":false}},"secondary_category":null,"topics":[{"id":"2","type":"topic","key":"dfm","name":"DFM","slug":"dfm","summary":"Dubai Financial Market listings, filings, index moves, and exchange developments.","seo_title":"DFM Market News | Capital Wire","meta_description":"Coverage of Dubai Financial Market listings, corporate filings, index moves, and DFM exchange developments for market readers."},{"id":"8","type":"topic","key":"gcc-markets","name":"GCC Markets","slug":"gcc-markets","summary":"Cross-GCC equity wraps, regional index moves, and multi-market trading developments.","seo_title":"GCC Markets | Capital Wire","meta_description":"Cross-GCC equity market wraps, regional index moves, and multi-market trading developments across Gulf stock exchanges daily."}],"tags":[{"id":"18","type":"tag","key":"acquisition","name":"acquisition","slug":"acquisition"}],"gallery":[],"charts":[],"byline":{"mode":"desk","schema_type":"Organization","name":"Capital Wire","author":null},"citations":[{"id":"a2d6b42d-d433-41a9-8f11-f56e6bb2a961","url":"https:\/\/feeds.dfm.ae\/documents\/2026\/Sep\/24\/55b57bbd-180b-49c3-9dc1-438fcf0eb447\/MH.Note24%2009%202026.Pdf.pdf","publisher":"DFM Disclosures","title":"DFM \u2014 Al Mazaya Holding material information","source_published_at":null,"claim":null}],"sources":[{"url":"https:\/\/feeds.dfm.ae\/documents\/2026\/Sep\/24\/55b57bbd-180b-49c3-9dc1-438fcf0eb447\/MH.Note24%2009%202026.Pdf.pdf","source_id":"a2d6a04f-4281-4a86-99f6-c4f7abd81d81","label":"DFM \u2014 Al Mazaya Holding material information","publisher":"DFM Disclosures"}],"corrections":[],"translations":[{"language":"ar","slug":"mazaya-cma-approves-capital-increase-waterfront-merger-24-sep-2026","published_at":"2026-09-24T14:12:58+00:00","is_current":false},{"language":"en","slug":"mazaya-cma-approves-capital-increase-waterfront-merger-24-sep-2026","published_at":"2026-09-24T14:12:58+00:00","is_current":true}],"schema_type":"NewsArticle"},"meta":{"request_id":"9bd0e6ef-450c-40e5-847f-e17cd7d98acb","locale":"en"},"errors":[]}