Arkan Kuwait Real Estate Company announced in a disclosure to the Boursa Kuwait on Monday, March 17, 2025, that it has completed the registration procedures for its merger with  AlOula Real Estate Investment Company.

It is noteworthy that the company announced in January that it had held its extraordinary general assembly on December 25, 2024, where it approved the merger agreement, which included independent asset appraisals and investment consultant reports regarding the merger between Al-Oula Real Estate Investment Company (the merged company) and Arkan Kuwait Real Estate Company (the merging company). The assembly also approved the fair exchange ratio between the shares of Arkan Kuwait Real Estate Company and Al-Oula Real Estate Investment Company.

The assembly confirmed the dissolution of Al-Oula Real Estate Investment Company and the transfer of its financial liabilities and assets to Arkan Kuwait Real Estate Company, while maintaining the legal personality of the merged company until the registration of its shareholders in the shareholders' register of the merging company, at which point the legal personality of the merged company will cease upon the completion of the merger procedures and its deregistration and cancellation of its licenses from the shareholding companies department at the Ministry of Commerce and Industry, with the approval of shareholders representing 80.68% of the outstanding shares.