Let's say hello to Penelope Scotland Disick.

"Scott and I are overjoyed to welcome our precious angel Penelope Scotland Disick into our lives. We are forever blessed. Mommy and baby are resting comfortably," Kourtney tells E! News.

The 33-year-old E! star had an all-natural birth, and her new mini-me tipped the scales at 7 pounds, 14 ounces.

"It was a great. She had an easy delivery," matriarch Kris Jenner tells us. "[Penelope] is so cute. She looks just like Mason. She's so beautiful. We are so happy."

As it happens, this has been one highly anticipated birth (complete with a headline-grabbing false alarm), and not just among the fans.

Kourtney and Scott announced the news of the impending stork delivery last November, and revealed that they were expecting their first daughter in February of this year (son Mason turned the big 0-2 in December).