Asia United Real Estate Holding Company
Symbol Asia United Real Estate OTC Code N/A Type of Trade GCC
Date of last trade/ date of last hybrid deal:   24 August 2020
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Company Name Asia United Real Estate Holding Company
Sector Holding
Sub-sector
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 06 July 2008
Company purpose The company engages in the following activities:

- Acquisition, sale, and purchase of real estate and land, and development of such properties both within and outside Kuwait, while also managing properties on behalf of others, ensuring compliance with existing laws, and refraining from trading private housing vouchers as per legal restrictions.
- Ownership, purchase, and sale of shares and bonds of real estate companies solely within Kuwait and abroad.
- Conducting studies and providing consultations in various real estate fields, subject to meeting the necessary requirements for providing such services.
- Execution of maintenance works related to buildings and real estate owned by the company and others, including civil, mechanical, electrical, elevator, and air conditioning works to ensure the preservation and safety of buildings.
- Organizing real estate exhibitions in compliance with the regulations set by the Ministry.
- Carrying out real estate auctions according to the established regulations.
- Ownership and management of commercial markets and residential complexes.
- Investing financial surpluses in specialized portfolios managed by external companies and entities.
- Directly contributing to infrastructure development projects for residential, commercial, and industrial areas, utilizing the build-operate-transfer (BOT) system, along with real estate facilities management under the BOT framework.
- The company may collaborate or participate in any manner with similar entities that complement its objectives, domestically or internationally. This may involve establishment, participation, acquisition, or attachment of such entities, with a commitment to conducting business in accordance with the teachings and provisions of Islamic Sharia.
- Under no circumstances shall the company engage in any form of usury, whether in the form of interest or any other form, as none of the aforementioned purposes permit such practices.
Company profile Asia United Real Estate Company, a closed Kuwaiti shareholding company, was established on July 6, 2008, in compliance with the provisions of the Commercial Companies Law.

As for the company's capital, the authorized, issued, and fully paid-up capital of Asia United Real Estate is KD 3,000,000. This capital is divided into 30,000,000 shares, with each share having a nominal value of 100 fils. Notably, all shares have been paid for in cash.
Shareholding records Gulf Custody Company (GCC)
Auditor
Date of joining the OTC Platform
Type of deal Private
Sharia'a compliant Yes
Source of Data Various credible sources
Last Updated On 27 December 2023
Location

Tel

Fax

22476180

Email Address

Website

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If a company wishes to remove the available information from this website, the management of the company can do so through the provided link and by contacting Almowazi telephonically on the numbers provided on its website.

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