Union Real Estate Co. (Kscc)
Symbol URE OTC Code 70 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   20 April 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 Union Real Estate Co. (Kscc)
Sector Real Estate
Sub-sector
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 12 November 1975
Company purpose
  • Carrying out all real estate activities, especially the purchase and sale of land and real estate, renting and renting them alone or with the participation of others.
  • Establishing private and public real estate buildings and projects, implementing them directly or by others, renting and selling them in cash or in installments, and managing the property of others. 
  • Buying and selling shares, bonds and other securities of companies with similar purposes, whether local or foreign, for the company's account. 
  • Exploiting the financial surpluses available to the company by investing them in financial portfolios managed by specialized companies and financial entities. 
Company profile

Union Real Estate Company K.S.C.C. is a Kuwaiti closed joint-stock company that is registered in the State of Kuwait. The company was established under Memorandum No. 115 / H / Volume 1, dated November 12, 1975, with subsequent amendments reflected in the Commercial Register under No. 23098, dated December 1, 2014.

Operating in the real estate sector, Union Real Estate Company's shares were listed on the Kuwait Stock Exchange on June 12, 1999. However, the company voluntarily withdrew from the market on March 1, 2015. Currently, the company owns five properties in the Shaab Al-Bahri area and one property in the Bneid Al-Qar area. Its primary focus is on selling, buying, leasing, renting, and developing real estate, as well as engaging in private and public investments, real estate projects, and investments in stocks and bonds.

Company Capital:
Regarding the company's capital, as indicated in the Company's annual financial report for the financial year ending December 31, 2020, Union Real Estate has an authorized, issued, and fully paid-up capital of KD 20,101,435 (KD 20,101,435/as per the financial statement of 2019). This capital is divided over 201,014,350 shares, with a nominal value of 100 fils per share. All shares have been paid for in cash.
Shareholding records Kuwait Clearing Company (KCC)
Auditor AlWaha Auditing office
Date of joining the OTC Platform 18 November 2018
Type of deal HYBRID
Sharia'a compliant No
Source of Data Various credible sources
Last Updated On 04 September 2024
Location

alshaeb albuhraa - S 8 - Street (80) Hassan Jawhar Hayat - Building 75A (Areej Complex) Ground Floor

Tel

22669046 -22623176

Fax

22632912

Email Address

info@urckw.com

Website

urckw.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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