• Owning, selling, and buying real estate and land and developing them for the company inside and outside the State of Kuwait, as well as managing the property of others, all of which do not contradict the provisions stipulated in the existing laws and what they have prohibited from trading in private housing vouchers as stipulated in these laws.
• Exploiting the financial surpluses available to the company by investing them in financial and real estate portfolios managed by the company or companies and specialized bodies.
• Providing research, studies and other technical services related to real estate investment operations and investing funds for others.
• Carrying out real estate consultancy and brokerage operations.
• Carrying out real estate investment operations aimed at developing and developing lands and residential and commercial complexes with the intention of managing them or selling them in cash or in instalments or leasing them.
• Owning and managing, leasing, and renting hotels, health clubs and tourist facilities.
• Carrying out maintenance works related to buildings and real estate owned by the company and by others, including maintenance work, implementation of civil, mechanical, and electrical works, elevators, and air conditioning works to ensure the preservation and safety of the buildings.
• Managing, operating, investing, renting, and renting hotels, clubs, guest houses, rest houses, parks, gardens, galleries, restaurants, cafeterias, residential complexes, tourist and health resorts, recreational and sports projects, and stores, on various levels and levels, including all original services, assistance, facilities attached to them, and other necessary services.
• Holding real estate auctions.
• Establishing and managing real estate investment funds in accordance with the law and after the approval of the competent authorities.

And the company may undertake the business in the State of Kuwait and abroad in an original or proxy capacity. The company may have an interest or participate in any way with the bodies that carry out activities like its work or that may assist it in achieving its objectives in Kuwait or abroad, and it may establish, participate in, or buy these bodies or join them.

Grand Real Estate Projects Company, a Kuwaiti closed shareholding company, was established in the State of Kuwait on July 20, 1989, under Memorandum No. 29 leather / 216. Initially known as Nour Al-Sharq Real Estate Company, the company underwent several name amendments and is currently operating as Grand Real Estate Company.
The changes to the company's name were recorded in the commercial register at the Ministry of Commerce and Industry based on the decisions made by the ordinary general assembly of shareholders in previous years.
The listing of Grand Real Estate on the Kuwait Stock Exchange was canceled on July 1, 2012, following the decision of the Chief Commissioner of the Capital Markets Authority. The company filed a lawsuit to challenge this decision, and the court ruled in favor of the company, accepting the appeal and canceling the contested decision. However, the Capital Markets Authority appealed this ruling, and the case is still pending before the court as of now.
All activities conducted by the company are in accordance with the principles of the tolerant Islamic Sharia.

Company Capital

• As per the annual financial report for the fiscal year ended December 31, 2021, the authorized, issued, and fully paid-up capital of Grand Real Estate is KD 37,534,960. This capital is distributed over 375,349,600 shares, each with a nominal value of 100 fils. All shares are cash.