Diyar Al Kuwait Real Estate Company
Symbol Diyar Al Kuwait OTC Code 504 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   21 October 2024
Last Price:   Last Price is available exclusively to certain of our subscriptions. Refer to the features of our different packages.

Disclaimer:
Almowazi has compiled a database of unlisted companies using information obtained from the unlisted companies themselves or from various official sources, including but not limited to company websites and/ or other disclosures made. This database provides updated information in an easily accessible format, allowing shareholders in these companies to follow up on these in real time.

Unlisted and private companies are not subject to the same regulations obligations as listed companies, therefore, by disclosing their information, they can improve transparency by updating their information on the Almowazi website by contacting Almowazi directly via email (info@almowazi.com) or phone. 
If a company wishes to remove the available information from this website, the management of the company can do so through the provided link or by contacting Almowazi telephonically on the numbers provided on its website.

However, it is important for shareholders, investors, and users of the Almowazi website to exercise caution and consult additional sources of information before making any investment decisions. 

Almowazi’ s website management does not accept legal responsibility for any discrepancies or lack of updates regarding the information provided on the website.

Company Name Diyar Al Kuwait Real Estate Company
Sector Real Estate
Sub-sector
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 14 February 2006
Company purpose
The company engages in a range of activities including:
  • Managing, operating, and maintaining various types of real estate owned by the company, government institutions, ministries, and others.
  • Providing real estate studies and consultations, subject to meeting the necessary qualifications and conditions.
  • Buying and selling shares and bonds of real estate companies in different sectors, both domestically and internationally.
  • Contributing to the establishment or partial ownership of real estate companies.
  • Organizing real estate exhibitions and conducting property auctions in accordance with regulations set by the Ministry of Commerce.
  • Ownership and management of commercial markets and residential complexes.
  • Directly contributing to infrastructure development in residential, commercial, and industrial areas through the Build-Operate-Transfer (BOT) system. The company also manages real estate facilities under the BOT system.
  • Serving as managers for bonds issued by companies and entities.
  •  Owning and managing hotels, health clubs, and tourist facilities, as well as leasing and renting them.
  • Participating in any form or manner with entities engaged in similar activities that align with the company's objectives, both within and outside Kuwait. This may involve establishing, participating in, acquiring, or merging with such entities, all in compliance with Islamic Sharia principles.
  • Engaging in the buying, selling, and development of land within and outside the State of Kuwait. The company also manages properties for others in a manner consistent with the applicable laws and regulations, including those related to private housing vouchers.
  • Conducting maintenance work, including civil, mechanical, electrical, elevator, and air conditioning works, to ensure the preservation and safety of buildings and real estate.
  • Managing, operating, leasing, and renting hotels, clubs, motels, guest houses, rest houses, parks, gardens, exhibitions, cafeterias, residential complexes, health resorts, promotional and sports projects, and shops with all associated services and facilities.
  • Exploiting financial surpluses by investing them in specialized companies and entities through managed financial portfolios.

The parent company has the ability to be interested in or participate with entities engaged in similar activities that support its objectives in Kuwait or abroad. It may establish, participate in, purchase, or merge with such entities, ensuring all actions align with the principles of Islamic Sharia.
Company profile

Diyar Al Kuwait Real Estate Company - K.S.C. (c) is a real estate company established as a Kuwaiti closed shareholding company on February 14, 2006, following the provisions of the Commercial Companies Law No. 15 of 1960 and its amendments. The company is registered in the Commercial Register under No. 112459. Its operations adhere to the principles of Islamic Sharia. The group consists of the parent company and its subsidiaries, with the parent company being a subsidiary of Al Mal Investment Company K.P.S.C. (Main Parent Company).

Company Capital:
According to the annual financial report for the fiscal year ending December 31, 2020, the authorized, issued, and paid-up capital of Diyar Al Kuwait Real Estate Company amounts to KD 12,784,741 (KD 12,784,741 in 2019). This capital is divided among 127,847,410 shares, each with a nominal value of 100 fils per share.
Shareholding records Kuwait Clearing Company (KCC)
Auditor Grant Thornton - Al-Qatami, Al-Aiban & Partners
Date of joining the OTC Platform 18 November 2018
Type of deal HYBRID
Sharia'a compliant Yes
Source of Data Various credible sources
Last Updated On 06 October 2024
Location

Kuwait - East - Jaber Al Mubarak Street - piece 4 - coupon 3 - Tower Nov - Floor 16

Tel

22495460 123

Fax

22495469

Email Address

info@diyar.com.kw

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.

Edit / Update Request