• Owning, selling, buying and developing real estate and land for the company's account inside and outside the State of Kuwait, as well as managing the property of others, all in a manner that does not contradict the provisions stipulated in the existing laws and the prohibition of trading in private housing vouchers as stipulated in these laws. 
• Owning, selling and buying shares and bonds of real estate companies for the company's account only in Kuwait and abroad. 
• Preparing studies and providing consultations in the real estate fields of all kinds, provided that the required conditions are met in those who practice providing this service.  
• Owning and managing hotel facilities, health clubs and tourist facilities, renting and renting them. 
• Carrying out maintenance work related to buildings and real estate owned by the company and others, including maintenance work and implementation of civil, mechanical, electrical, elevator and air conditioning works to ensure the preservation and safety of buildings. 
• Managing, operating, investing, renting and renting hotels, clubs, motels, guest houses, rest houses, parks, gardens, exhibitions, restaurants, cafeterias, residential complexes, tourist and health resorts, recreational and sports projects and shops at various grades and levels, including all original services, assistance, ancillary facilities and other services necessary for them. 
• Organizing real estate exhibitions for the company's real estate projects, according to the regulations in force in the Ministry. 
• Holding real estate auctions in accordance with the regulations in force in the Ministry. 
• Owning and managing commercial markets and residential complexes. 
• Exploiting the financial surpluses available to the company by investing them in financial portfolios managed by specialized companies and entities. 

Sabaek Real Estate Company - K.S.C. (c) was initially created as Sabayek Leasing and Investment Company, a Kuwaiti closed shareholding company, on April 23, 2007, with an initial capital of KD 15 million divided into 150 million shares, each valued at 100 fils.

Following a decision made by the Extraordinary General Assembly on Wednesday, March 1, 2017, the company's leasing and investment operations were discontinued. Subsequently, the company transitioned into a real estate-focused enterprise, adopting the name Sabaek Real Estate Company (a closed Kuwaiti shareholding company). This change necessitated the modification of Article 2 within the Memorandum of Association to reflect the new focus.

The company's transactions and ventures are conducted in compliance with Islamic Sharia principles. Sabaek is dedicated to providing various Ijara offerings, including operational Ijarah and finance Ijara that culminates in ownership. In addition to these Ijara structures, the company also embraces other Islamic finance mechanisms such as Tawarruq, Istisna'a, along with a full spectrum of investment tools, which encompasses direct investment, structuring of financings, creation of funds, portfolio building, and treasury operations. Sabaek is aiming to bolster its domestic and regional influence across an array of markets and industries, with special emphasis on the medical, transportation and logistics, construction, oil, industrial, and technological sectors.

Capital Structure of the Company:
As reported in Sabaek Real Estate's annual financial statement for the fiscal year that concluded on December 31, 2015, the company's authorized, issued, and fully paid-up capital is KD 15 million (Fifteen Million Kuwaiti Dinars). This capital is distributed over 150 million shares (one hundred and fifty million shares), with each share holding a nominal value of 100 fils, fully underwritten and paid for in cash.