• Owning, selling, buying, and developing real estate and land within and outside the State of Kuwait, while also managing properties for others, in compliance with existing laws and regulations.
• Buying and selling shares and bonds of real estate companies, both domestically and internationally.
• Providing real estate studies and consultations, subject to the fulfillment of necessary requirements for practitioners in this field.
• Owning and managing hotels, health clubs, and tourist facilities, as well as providing rental services.
• Performing maintenance work on buildings and real estate owned by the company and others, including civil, mechanical, electrical, elevator, and air conditioning works to ensure their preservation and safety.
• Managing, operating, investing in, renting and leasing hotels, clubs, motels, guest houses, rest houses, parks, gardens, exhibitions, restaurants, cafeterias, residential complexes, tourist and health resorts, promotional and sports projects, and shops. This includes providing necessary services, assistance, and ancillary facilities.
• Organizing real estate exhibitions for the company's projects, in accordance with regulations set by the Ministry.
• Conducting real estate auctions, following regulations established by the Ministry.
• Owning and managing commercial markets and residential complexes.
• Investing surplus funds by delegating management to specialized companies and entities.
• Contributing directly to infrastructure development in residential, commercial, and industrial areas through build-operate-transfer (BOT) systems and real estate facilities management (BOT).

- Flex Resorts & Real Estate Company was established as a Kuwaiti closed shareholding company under Memorandum No. 227/Leather 1 on January 30, 2000. It entered the Kuwait Stock Exchange for trading on October 27, 2008, and voluntarily exited the market on January 31, 2017. The company is registered in the Kuwait Commercial Register with the number 79797.

Company Capital Information:

• Prior to adjustments, the capital of Flex Resorts & Real Estate was KD 4,555,103 (four million five hundred fifty-five thousand one hundred three Kuwaiti Dinars).
• As noted in the financial report for the fiscal year ending on December 31, 2018, the capital was KD 5,750,000 (five million seven hundred fifty thousand Kuwaiti Dinars), split into 57,500,000 shares at 100 fils each.

On Tuesday, June 13, 2023, the Extraordinary General Assembly approved a reduction in the company's authorized, issued, and paid-up capital from KD 5.750 million to KD 4.030 million. This decrease of KD 1.720 million corresponds to a portion of the company's accumulated losses as detailed in the financial statements for the year ended December 31, 2022.
It was also decided to raise the company's authorized, issued, and paid-up capital from KD 4.030 million to KD 5 million, an increase by KD 970,000, resulting in the issuance of 9,700,000 new shares (nine million seven hundred thousand shares), each with a nominal value of 100 fils.

Currently, the authorized, issued, and fully paid-up capital of Flex Resorts & Real Estate stands at KD 5,000,000 (five million Kuwaiti Dinars), divided into 50,000,000 shares with a nominal value of 100 fils, with all shares paid up in both cash and in kind, as follows:

• The fully paid-up capital in cash amounts to KD 4,500,000, represented by 45,000,000 shares.
• An additional KD 500,000 (five million shares) represents the paid-up capital in kind.