| Company purpose |
- Ownership, sale, and purchase of real estate and land, as well as their development for the company's portfolio within and outside Kuwait, including property management services.
- Acquisition, sale, and trading of shares and bonds of real estate companies, both domestically and internationally, on behalf of the company.
- Provision of real estate studies and consultancy services across various sectors.
- Ownership and management of hotels, health clubs, and tourist facilities, including rental operations.
- Execution of maintenance work for buildings and real estate owned by the company and others, encompassing civil, mechanical, electrical, elevator, and air conditioning services.
- Management, operation, investment, rental, and leasing of hotels, clubs, guest houses, rest houses, parks, gardens, exhibitions, restaurants, cafeterias, residential complexes, tourist and health resorts, recreational and sports projects, and various types of shops, offering comprehensive services, assistance, ancillary facilities, and other necessary support.
- Organization of real estate exhibitions to showcase the company's projects.
- Conducting real estate auctions.
- Ownership and management of commercial markets and residential complexes.
- Utilization of financial surpluses by investing in carefully managed financial portfolios managed by specialized entities.
- Active involvement in infrastructure development for residential, commercial, and industrial projects through the Build-Operate-Transfer (BOT) system and real estate facilities management.
- Potential interest or participation in partnerships, acquisitions, or attachments with entities engaged in similar businesses or those that can support the company's objectives, both locally and internationally.
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| Company profile |
Al-Madar Real Estate Development Company, a Kuwaiti closed shareholding company, was initially established as Al-Anwar National General Trading and Contracting Company (Adel Yousef Al-Dulaie & Co. / formerly), a limited liability company, under Memorandum of Association No. 5257 Volume 1 on November 25, 2002. The company is registered in the commercial register under number 91989.
In 2008, the legal structure of the company was amended to become a Kuwaiti closed shareholding company under the name Al-Madar Real Estate Development Company K.S.C. (closed), and this amendment was recorded in the commercial register under No. 91989.
Company Capital:
The authorized, issued, and fully paid-up capital of Al-Madar Real Estate Development, as stated in the company's annual financial report for the year ending on December 31, 2023, amounts to KD 7 million. This capital is distributed over 70 million shares, with a nominal value of 100 fils per share. All shares have been fully paid for in cash. |