Principal Activities
Real estate property investment, development and management; ownership and operation of malls, resorts and hotels; provides real estate business consulting services.
Date of Establishment Year
1982 (December)
No of Employees
60 Company, N/A Group (As of Apr 05, 2011)
|
|
Major Shareholders  |
Section Updated: 04Nov11
|
|
|
|
|
|
|
Fateh Al Khair Group Holding Company
|
Corporate |
Kuwait |
25.00% |
|
Al Salmiya United Real Estate Company
|
Corporate |
Kuwait |
20.23% |
|
Meshaal Jassem Khaled Al Marzouq
|
Private |
Kuwait |
13.93% |
|
United American Real Estate Services
|
Corporate |
Kuwait |
14.50% |
|
Public
|
|
- |
26.34% |
100%
GCC Nationals
100%
Foreigners
|
| Direct Investments and Related Entities |
| Subsidiaries/Associates/Affiliates |
|
|
|
|
| Manshar Real Estate Company |
Kuwait |
75.69% |
| Tamdeen Investment Company |
Kuwait |
51.37% |
| Tamdeen Housing Company |
Kuwait |
45.41% |
| Tamdeen Holding Company |
Kuwait |
43.00% |
| Tamdeen Franchises Holding Company |
Kuwait |
30.00% |
| Ajmal Holding Company |
Bahrain |
29.00% |
| Fucom for Central Markets |
Kuwait |
25.00% |
| Tamdeen Resorts Company |
Kuwait |
25.00% |
| Beyoo Leasing and Financing Company |
Kuwait |
21.00% |
| Mall 360 |
Kuwait |
- |
|
| Investments |
|
|
| Developments and Projects |
|
|
|
|
| Al Kout Fahaheel Waterfront |
Kuwait |
- |
| Baraya |
Qatar |
- |
| Madinat Al Hareer [on hold] |
Kuwait |
- |
| Mall of Kuwait |
Kuwait |
- |
| Marsa Al Seef |
Bahrain |
- |
| Sarab Al Areen |
Kuwait |
- |
|
Auditors
| Grant Thornton Al Qatami and Al Aiban and Partners |
UHY Fawzia Mubarak Al Hassawi |
Banks
| National Bank of Kuwait (International) |
Gulf Bank |
| Burgan Bank |
|
Law Firms
| Al Khebra Legal Consultants and Lawyers |
|
| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
| |
KWD'000 |
KWD'000 |
change (%) |
Total revenues  |
13,735
|
16,871
|
22.83 |
| Net profit |
2,703
|
4,625
|
71.11 |
| Total assets |
445,043
|
304,529
|
(31.57) |
| Paid-up capital |
37,312
|
37,312
|
0.00 |
| Shareholders' Equity |
86,023
|
104,593
|
21.59 |
| Shares outstanding |
372,452
|
371,252
|
(0.32) |
| Market capitalization |
111,736
|
100,238
|
(10.29) |
| Note: Current shares outstanding is 373,120,000 |
| » View Full Financials |
|
- 2.59%
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