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Sun, 22 Nov 2009 | 02:53 GMT

ALARGAN International Real Estate Company   (ARGAN.KSE)
Also known as: Alargan, Alargan Group
Last Trade
0.200 KWD
0.00%
 
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Company Updated: Apr 30, 2009
 
Country
Ownership Type
Company Type
 
 
 
Joint Stock
 
 
 
 
 
 Zawya Industry Classifications (ZIC)  
  
Sector Industry
Real Estate
Landlords and Developers  
Real Estate Management  
Construction
Construction and Design  
  General
Financial Services
Investment Firms and Funds  
Industrial Manufacturing
Basic Materials and Industrial Products  
Services
Business Services  
 
 
Principal Activities
Real estate property investment, development and management; trade in construction materials and equipment; real estate consultancy services; exhibition organizers; general contracting and maintenance works; establishing and managing investment funds.
Date of Establishment
1994
No of Employees
59 Company, 524 Group (As of Apr 30, 2009)
Branches
Saudi Arabia
Bahrain
UAE
 
Oman
Lebanon
Egypt
 
Representative Offices
Dubai
 
 
 
Stock Market Listing
Exchange
Symbol
ID
Stock Type
Currency
 
ARGAN 
Ordinary 
KWD 
 
 Key Officers
Khaled Khudair Mashaan Khudair Al Mashaan
Chairman and Managing Director
Mohammed Ahmed Al Saqqaf
Vice Chairman and Chief Executive Officer
More Officers 
 
 Contact Details
Address:
Plot 125
Street 6
Shuwaikh Industrial Area
P.O. Box 8904
Al Salmiyah 22060
Kuwait
 
Tel:
+965 2482-0440
 
Fax:
+965 2482-3298
 
Email:
info@alargan.com
alargan@alargan.com
 
Website:
www.alargan.com

 
  Latest Headline
Tamdeen Inv earns KD 262k in 3rd qtr, KPCC Q3 net profit at KD 3.9 million - Arab Times
 
  Business Overview
ALARGAN International Real Estate Company (ALARGAN) is a Kuwaiti real estate developer that started out with a focus on suburban and multi unit residential projects. Some of ALARGAN's projects in Kuwait include the Al Bida Residential Project, Jabriya Residential Complex, Sheikha Complex and Fintass Residential Complex.

ALARGAN has expanded across the region through a series of projects in Kuwait, Lebanon, Oman and Bahrain with a total investment of USD655 million (as of 2006) with an initial focus targeting middle class individuals. ALARGAN has since expanded its portfolio into both the commercial and residential projects.

With USD1.7 billion of total assets under management as of March 2009, ALARGAN underwent an IPO on the Kuwaiti Stock ExchangeKuwaiti Stock ExchangeLoading... in July 2007.
 
 
 Major Shareholders
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 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities 
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
ALARGAN Holding Company Kuwait 100.00%
ALARGAN International Real Estate Company - United Kingdom United Kingdom 100.00%
ALARGAN Investment Real Estate Company Egypt 100.00%
ALARGAN National Contracting Company [via ALARGAN National General Trading and Contracting Company] Bahrain 100.00%
ALARGAN National General Trading and Contracting Company Kuwait 100.00%
ALARGAN for Agricultural Development - Khaled Khudair Al Mashaan and Company Kuwait 100.00%
ALARGAN for Heavy Equipment Company [via ALARGAN National General Trading and Contracting Company] Kuwait 100.00%
ALARGAN for Swimming Pool Company [via ALARGAN National General Trading and Contracting Company] Kuwait 100.00%
ARGANA Hotels and Resorts Company Kuwait 100.00%
Abyar Al Khaleej Real Estate Company Saudi Arabia 100.00%
Al Jood Holding Company Bahrain 100.00%
Coast Hotel Company [via ALARGAN for Resorts and Hotels Company] Kuwait 100.00%
Health Plus Trading Company Kuwait 55.00%
ALARGAN Bahrain Company Bahrain 50.00%
ALARGAN TOWELL Investment Company Oman 50.00%
ALARGAN Homes Company Saudi Arabia 48.34%
ALARGAN Projects Company Saudi Arabia 48.34%
ALARGAN Gulf Real Estate Company Kuwait 25.00%
ALARGAN Real Estate Project Management Company Kuwait 25.00%
ARGAN TOWELL National Trading and Contracting Company Oman 25.00%
Saar Gate Real Estate Company Bahrain 20.00%
Turkish Gulf Holding Company Turkey -
Investments
 
Name  Country  Holding
Real Estate Finance Facilities Company Kuwait 10.29%
Delmon Residences Company Bahrain 10.00%
Saji Real Estate Company Kuwait 10.00%
Developments and Projects
 
Name  Country  Holding
Abha Residential Complex Kuwait 100.00%
Al Bida Residential Project Kuwait 100.00%
Al Fouzan Building Kuwait 100.00%
Al Mahboula Kuwait 100.00%
Baldani Neighborhood Kuwait 100.00%
Sheikha Complex Kuwait 100.00%
ALARGAN Vista Bahrain -
Al Khozama Compound Kuwait -
Al Mouwansiah Saudi Arabia -
Al Murjanah Kuwait -
Al Rihab Saudi Arabia -
Al Sohoul Saudi Arabia -
Dammam Homes Saudi Arabia -
Kouroum Bhamdoun Lebanon -
Kuwait Free Trade Zone Business Park Kuwait -
Marooj Sohar Oman -
Qurm Rock Oman -
Qurtoba Saudi Arabia -
Rimal Hotel and Resort Kuwait -
Saar Gate Bahrain -
Salalah Residential Oman -
 
 
  Representatives
Auditors
Al Bazie and Company - RSM International
Al Waha Auditing Office
Banks
National Bank of Kuwait
Al Ahli Bank of Kuwait
Commercial Bank of Kuwait
Kuwait Finance House
Law Firms
Hamed Al Moulah
Libra Law Firm
 
 Summary Financials
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 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
Company information provided by © 2009 ABQ Zawya Ltd.
 
 
    
 
 
 
 
 

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