Kuwait Remal Real Estate Company
Symbol Kuwait Remal OTC Code 281 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   26 November 2024
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 Kuwait Remal Real Estate Company
Sector Real Estate
Sub-sector Development
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 03 March 2007
Company purpose
  • Engaging in the ownership, sale, and purchase of real estate properties and lands, both within and outside the State of Kuwait, and developing them for the company's benefit. Additionally, providing property management services for third parties.
  • Owning, selling, and buying shares and bonds of real estate companies exclusively in Kuwait and abroad, within the company's portfolio.
  • Conducting comprehensive studies and offering consultations in various real estate fields. Carrying out maintenance works for the company's owned properties as well as properties owned by others, including civil, mechanical, electrical, elevator, and air conditioning works to ensure the preservation and safety of buildings.
  • Organizing real estate exhibitions showcasing the company's projects. Conducting real estate auctions. Managing commercial markets and residential complexes.
  • Utilizing financial surpluses by investing them in specialized financial portfolios managed by external companies and entities.
  • Playing a direct role in developing infrastructure for residential, commercial, and industrial areas. Engaging in projects under the BOT (Build-Operate-Transfer) system and overseeing real estate facilities management under the BOT system.
Company profile
Kuwait Remal Real Estate Company is a Kuwaiti public shareholding company established under a memorandum of association and a legal entity transfer documented by the Ministry of Justice - Real Estate Registration and Documentation Department in Kuwait. The establishment was recorded under 1349 volume/1 on March 3, 2007, with subsequent amendments, the latest of which was registered in the commercial register under No. 480 on July 9, 2014.
On January 4, 2011, Kuwait Remal Real Estate Company was listed on the Kuwait Stock Exchange. However, it was subsequently delisted from Boursa Kuwait on April 20, 2023.

Company capital:

As of September 30, 2022, the authorized, issued, and paid-up capital of Kuwait Remal Real Estate Company, also known as Kuwait Sands, amounts to KD 30,613,000. This capital is distributed over 306,130,000 shares, with each share having a nominal value of 100 fils. All shares have been fully paid for in cash.
Shareholding records Kuwait Clearing Company (KCC)
Auditor Baziea & Partners (RSM)
Date of joining the OTC Platform 30 April 2023
Type of deal HYBRID
Sharia'a compliant No
Source of Data Various credible sources
Last Updated On 23 September 2024
Location

Kuwait, Qibla, Fahad Al-Salem Street, Al-Nassar Tower

Tel

22258080- 22258855

Fax

22258877- 22258877

Email Address

Mahdi@remalkw.com

Website

www.remalkw.com

Disclaimer

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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