• Owning, buying, and selling real estate and land, as well as developing properties within and outside of Kuwait, while also managing properties for others. All activities will adhere to existing laws and regulations, including the prohibition of trading private housing vouchers.
• Buying and selling shares and bonds of real estate companies, both domestically in Kuwait and internationally.
• Providing real estate studies and consultations, subject to the fulfillment of necessary requirements for practitioners in the field.
• Conducting maintenance work on buildings and real estate owned by the company, including civil, mechanical, electrical, elevator, and air conditioning works to ensure preservation and safety.
• Organizing real estate exhibitions for the company's real estate projects in compliance with regulations set by the Ministry of Commerce and Industry.
• Holding real estate auctions under regulations established by the Ministry of Commerce and Industry.
• Owning and managing commercial markets and residential complexes.
• Exploiting surplus funds by investing in financial and real estate assets managed by specialized companies and entities.
• Directly contributing to the development of commercial, industrial, and residential areas through the implementation of build-operate-transfer (BOT) systems and real estate facilities management (BOT) systems.
• The company may engage in its activities directly or through proxies, both in Kuwait and abroad. It may also have interests or participate with entities that engage in similar business or can assist in achieving its objectives, either in Kuwait or internationally. The company has the authority to establish, purchase, or participate in the establishment of such entities.

AlMudon Real Estate Cities Company, a Kuwaiti closed shareholding company, was initially established as Tehama International Real Estate Group Company. It was formed on December 31, 1996, in accordance with the Commercial Companies Law and the memorandum of association of a Kuwaiti public shareholding company, as per the prevailing laws of Kuwait.
The company's shares were listed on the Kuwait Stock Exchange on October 29, 2008. However, on May 26, 2022, the company was delisted from Boursa Kuwait.

Company Capital:

• According to the financial report for the first half of the fiscal year 2021, the authorized, issued, and paid-up capital of International Real Estate Cities is KD 10,000,000. This remains consistent with the capital amounts recorded for December 31, 2020, and June 30, 2020. The capital is divided into 100,000,000 shares, with a nominal value of 100 fils per share.
•  Out of the total shares:
  • 10,000,000 are cash paid shares,
  • 40,000,000 are in-kind shares, and
  • 50,000,000 are bonus shares.
• This distribution was consistent with the capital structure as of December 31, 2020, and June 30, 2020.