Boursa Kuwait has added OTC 1011 AlRowad Real Estate Company among the companies of real-time online (hybrid) trading, and it is permitted to trade through the OTC platform.
AlRowad Real Estate Company was founded in 2007 with a capital of KD 10 million by a consortium of founders, including Al-Masar Leasing and Investment Company, which holds up to 20 percent of the shares, along with Al-Durra National Real Estate Company (a subsidiary of the National Industries Group), United Real Estate Company, Al-Fanar Investment Company, Kuwait Investment Company, and various private investors.
The Company specializes in managing and developing real estate, including residential and commercial projects, while also offering investment opportunities within the local real estate market. Additionally, it extends its real estate services to Saudi Arabia through its wholly owned subsidiary, Beyout Al-Rowad Real Estate Company.
Boursa Kuwait classifies unlisted companies traded on the OTC market based on the number of shareholders who own stakes in the company's capital.