Al-Oula Real Estate Investment Company
Symbol AlOula Real Estate OTC Code 938 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   10 February 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 Al-Oula Real Estate Investment Company
Sector Real Estate
Sub-sector
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 27 June 2005
Company purpose

The principal activities of the company, in compliance with Islamic Sharia principles, include:

  • Buying, selling, purchasing, and developing real estate and land on behalf of the company both within and outside the State of Kuwait, as well as property management on behalf of third parties. These activities are conducted in a lawful manner that adheres to the stipulations in the pertinent legislation and avoiding any trading in private housing as restricted by these laws.
  • Obtaining, divesting, and investing in shares and bonds of real estate firms, strictly for the company’s interests, both locally and internationally.
  • Conducting research and offering advisory services in all realms of real estate, ensuring that individuals providing such services meet the requisite qualifications.
  • Owning and administering health clubs and tourism-related facilities, inclusive of their leasing and subleasing.
  • Undertaking maintenance operations for buildings and real estate assets, whether owned by the company or others. This includes the maintenance and execution of civil, mechanical, electrical, elevator, and air conditioning tasks to maintain and safeguard the buildings.
  • Managing, operating, investing in, leasing, and subleasing hotels, clubs, guesthouses, rest houses, parks, gardens, exhibition venues, restaurants, cafeterias, housing compounds, tourist and health resorts, promotional and sporting facilities, and retail outlets at various tiers and standards. This includes all primary, supplementary, and supportive services and facilities required.
  • Organizing real estate exhibitions for the company’s property developments, in accordance with the prevailing regulations of the Ministry.
  • Conducting real estate auctions as per the guidelines established by the Ministry.
  • Owning and managing shopping centers and residential complexes.
  • Creating and overseeing real estate investment funds, subject to the approval of the Central Bank of Kuwait.
  • Investing the company's available financial surpluses in financial portfolios operated by specialized firms and entities.
  • Directly contributing to the infrastructure development of residential, commercial, and industrial zones and projects, employing BOT (Build-Operate-Transfer) systems and facilities management in real estate.

The company is entitled to have an interest in, collaborate with, or integrate with entities that engage in similar activities or that could facilitate the achievement of its goals, whether within Kuwait or internationally. This could involve establishing new entities, participating in, purchasing, or annexing existing ones.
Company profile

AlOula Real Estate Investment Company - K.S.C. (closed) was established with its initial Memorandum of Association No. 4288 Volume 1 on June 27, 2005. Subsequent amendments have been made to the company's records in the commercial register, with the latest being on April 10, 2018. The company is registered under the number 108536 in the commercial register.

Capital Structure of the Company:
As detailed in the financial statement for the fiscal year ending on December 31, 2023, the authorized, issued, and fully paid-up capital of AlOula Real Estate Investment stands at KD 15,228,358, which is consistent with the capital from the year 2022. This capital is distributed across 152,283,580 shares (one hundred fifty-two million two hundred eighty-three thousand five hundred eighty) with each share valued at 100 fils, and the full share capital has been subscribed and paid in cash.
Shareholding records Kuwait Clearing Company (KCC)
Auditor Grant Thornton - Al-Qatami, Al-Aiban & Partners
Date of joining the OTC Platform 24 October 2019
Type of deal HYBRID
Sharia'a compliant Yes
Source of Data Various credible sources
Last Updated On 02 February 2025
Location

Sharq - Al Hamra Tower - 66th floor

Tel

22477042- 22477700

Fax

22477704

Email Address

info@aloulare.com

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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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