Pearl Of Kuwait Real Estate Company
Symbol Pearl Of Kuwait OTC Code 27 Type of Trade NEGDEAL
Date of last trade/ date of last hybrid deal:   22 May 2025
Last Price:   Last Price is available exclusively to certain of our subscriptions. Refer to the features of our different packages.

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Company Name Pearl Of Kuwait Real Estate Company
Sector Real Estate
Sub-sector
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 02 May 1975
Company purpose

- Act as trustees, agents, consultants and other sorts of representation on behalf of and for the account of others in respect of real estate investments, real estate properties and other legal actions in respect thereof.

- Manage real estate investment portfolios for third parties.

- Invest in commercial, industrial, financial and real estate projects by establishing or purchasing specialized companies.

- Carry out all construction works, contracting and executing projects of all types, either directly or in partnership or representation of other contracting companies.

- Buy and sell real estate properties, land plots, land plot division and sale.

- Invest in commercial, industrial and financial projects related to real estate.

The Company may have an interest with entities that carry out businesses similar to its own or that may be conducive in acquisition activities, and it may buy, participate in, associate with or merge with such entities in the State of Kuwait or abroad. The Company may merge companies and institutions through cash acquisition or the issuance of shares to shareholders and owners of these institutions.

- Conduct business and conclude transactions necessary to achieve the Company’s objectives in accordance with the provisions of applicable laws and regulations.

- Utilize the Company's surplus to invest in financial and real estate portfolios managed by specialized companies.  The Company may also employ surplus funds in the purchase and sale of real estate shares and bonds.

- Property management for third parties.

Company profile

Pearl of Kuwait Real Estate Company was established on 5 February 1975 under the name of Kuwait International Real Estate Company (Kuwaiti Closed Shareholding Company) by Kuwaiti founders, Kuwait Real Estate Bank, and Bank American International Reality Corporation, a US company registered in Delaware, USA. The company's start-up capital was KD 150,000 (one hundred and fifty thousand Kuwaiti Dinars), later on its name was changed.

The Company was listed on Kuwait Stock Exchange (KSE) in 1987 with a capital of KWD 10,066,100. It was delisted on 25 January 2015.

Shareholding records Kuwait Clearing Company (KCC)
Auditor Deloitte & Touche - Al Wazzan & Co.
Date of joining the OTC Platform 18 November 2018
Type of deal NEGDEAL
Sharia'a compliant No
Source of Data Various credible sources
Last Updated On 24 October 2024
Location

Al-Mirqab, Block 3, M12,Office1, Floor 38

Tel

22421121 - 22427493

Fax

22916110 - 22427492

Email Address

Website

Contact Person

Waleed Albader

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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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