Al Masaken International Real Estate Development Company, listed on the Kuwait Stock Exchange, has completed all the procedures related to increasing the company’s issued and paid-up capital from KD 1.10 million to KD 4 million, through the issuance of new shares of 29 million shares.Al-Masaken confirmed that the subscription period for the capital increase was closed on October 18, 2026, and the entire shares of the issuance were subscribed, and allocated to subscribers, and the value of the issuance amounted to 2.9 million dinars, representing the nominal value and without the issuance premium, according to the company’s disclosure to the Kuwait Stock Exchange, on Thursday.She explained that after the completion of the capital increase, the number of shares issued and fully…

The financial statements revealed a jump in the profits of "Injazat Real Estate Development Company", listed on the Kuwait Stock Exchange, in the third quarter of 2026 by 92% year-on-year, and the profits of "INJAZ" in the third quarter of this year amounted to 1.49 million dinars, compared to its level in the same period of 2025 of 775.71 thousand dinars.The company recorded a profit of 2.65 million dinars in the first nine months of 2026, an increase of 69% from 1.57 million dinars net profit for the same period last year, according to a company statement.    The company’s total operating income increased by 44% annually during the third quarter to KD 2.40 millionInjazat attributed the increase in its profits in the statement to the sale of one of the properties, noting…

Esnad has signed a partnership agreement with Sakan International, which is headquartered in Kuwait and has a presence across several international markets, to support the sale and marketing of Esnad’s real estate projects in Kuwait. The partnership forms part of Esnad’s efforts to expand its marketing channels, strengthen the presence of its projects in the Kuwaiti market, and reach a wider base of clients and investors by leveraging the experience and international reach of its partner. Esnad looks forward to a productive partnership and new opportunities in the coming period.

United Real Estate Company, listed on the Kuwait Stock Exchange, has obtained a license from the Ministry of Finance - State Property Contracts Department for the management, operation and maintenance of the waterfront property - Phase V (Marina World), for a period of 3 years starting from the date of signing.The company explained that it is obliged under the license to pay a minimum annual revenue of the property to the Ministry of Finance in exchange for benefiting, by at least 30%, in accordance with the conditions and mechanism of calculation contained in the license, according to the company’s statement to the Kuwait Stock Exchange, on Wednesday.    United achieved a profit during the first half of 2026 of 3.11 million dinars compared to 4.43 million dinars in the…

Al-Arjan International Real Estate Company, listed on the Kuwait Stock Exchange, confirmed that its losses decreased by 49.32% year-on-year during the third quarter of 2026, and Arjan suffered losses in the three months ending September 30, 2026, amounting to KD 961.07 thousand, compared to losses estimated at KD 1.90 million in the third quarter of 2025.In the first nine months of this year, the company suffered losses of 9.40 million dinars, an increase of 78.38% compared to its level of 5.27 million dinars in the corresponding period last year, according to a statement by the Kuwait Stock Exchange on Wednesday.    Arjan suffered 8.44 million dinars losses in the first half of 2026 compared to 3.37 million dinars losses for the corresponding period from 2025Arjan attributed…

The profits of Ajyal Properties, listed on the Kuwait Stock Exchange, decreased during the third quarter of 2026 by 4.96% year-on-year.Ajyal’s profit in the three months ending at the end of September 2026 was KD 1.91 million, compared to KD 2.01 million in the third quarter of 2025.The company also achieved, during the first nine months of 2026, profits of 5.47 million dinars, a decrease of 2.24%, compared to 5.60 million dinars in the same period of the previous year, according to a disclosure to the Kuwait Stock Exchange, on Tuesday.    The company recorded profits in the first half of 2026 at 3.56 million dinars The statement attributed the decrease in net profit to the decline in the share of the results of associates, and the increase in administrative and…

Al-Masaken International Real Estate Development Company, listed on the Kuwait Stock Exchange, announced the closure of the subscription in the capital increase on Sunday.Al-Masaken explained that there is no trace of the material information at the moment, provided that the results of the subscription and allocation will be disclosed later, according to the company’s statement to the Kuwait Stock Exchange, on Monday.    The company’s losses amounted to 38.64 thousand dinars during the first half of 2026, a decrease of 97.98% from its level of 1.92 million dinars in the same period of 2025It is noteworthy that the generality of the company had approved, last July, the continuity of the company according to the proposed plan, in addition to the approval of the…

The Kuwait Capital Markets Authority (KMA) has decided to cancel the listing of the shares of Delgan Real Estate Company, which is engaged in investment and real estate services, for not meeting requirements related to its financial statements and transactions, according to a statement published by the Authority on the Stock Exchange website on Thursday.The decision was issued on Wednesday, after the company’s stock remained suspended since last May, and did not meet the requirements despite being granted a deadline to submit documents and correct material errors in its financial statements, and warned of the cancellation of the listing in the event of non-compliance.Company in two lines (According to the market data and the company’s website)Delgan Real Estate was…

Al Hamra Real Estate Company has received two gold awards at the 2026 GCC Health, Safety and Environment Excellence Awards (ASSP GCC HSE Excellence Awards 2026), a well-established regional programme established and organized by the American Society of Safety Professionals (ASSP), in an important milestone for the company in its first participation in the Regional Awards Program. This recognition is a reflection of the company’s continuous efforts in developing the health, safety and environment management system, and the application of professional standards in its various operational processes, in order to enhance the efficiency of facilities management, and consolidate the culture of prevention, risk management and environmental responsibility, and ensure the provision of a…

KUWAIT CITY: Kuwait is currently undertaking several large-scale housing projects aimed at addressing the growing demand for residential units, and it includes Al-Multaa City, South Saad Al-Abdullah City, and South Sabah Al-Ahmad City. Those major projects were set to provide housing for thousands of citizens and offer significant opportunities for foreign companies to contribute, particularly in the fields of infrastructure and construction. Al-Mutlaa City is one of three major housing projects currently being executed by the Public Authority for Housing Welfare (PAHW), with a projected population of 400,000, the pace of infrastructure completion was accelerating in two other major projects: South Saad Al-Abdullah City and South Sabah Al-Ahmad City.In September, the PAHW signed a…

KUWAIT CITY: In a recent Financial Stability Report, the Central Bank of Kuwait revealed concerning trends in the local real estate sector for 2023, reports Al-Seyassah daily. The report highlighted that this year marked the lowest average value of real estate transactions in the past five years. The report detailed a significant decline in both the value and total number of transactions, attributing this downturn to a gradual increase in local interest rates that began in early 2022. The value of real estate transactions plummeted by approximately 28 percent, dropping to 2.74 billion dinars, well below the average of previous years. Furthermore, the growth rate of residential real estate prices also faltered, with the average price growth across the six governorates dwindling to about…

KUWAIT CITY: Imad Haidar, the head of the Real Estate Brokers Association, recently shared insights into the challenges facing Kuwait’s residential real estate sector. He noted a slowdown in demand that began at the start of last year, attributing this decline to several key factors, including rising interest rates on deposits, peak residential property prices, and the implementation of new regulations that have psychologically impacted market participants. According to Haidar, the residential real estate market has experienced an average decline of 25 percent since the beginning of 2023, with the most significant drops occurring in outer areas that had previously seen speculative surges in prices. He pointed out that declines vary by region, with some areas experiencing reductions…