Kuwait Real Estate Company

Kuwait Real Estate Company’s Transcript of the Analyst / Investor Conference (Q4 2023)

Reference to the above mentioned subject, and the requirements of article No. (2-4-8) “Continuing Obligations in the Premier Market” of Boursa Kuwait rule book issued via resolution No. (1) of year 2018, kindly note that the analyst/investor conference was conducted through a Live Webcast at 01:00 PM on Thursday 04/04/2024.

Please find attached the transcripts of the conference in Arabic & English along with the investors presentation for Q4 2023.

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q4 / 2023

Reference to the aforementioned subject and as per article No. (8-4-2) “continuing Obligations in the Premier Market” of Boursa Kuwait Rule Book, kindly be informed that the Analyst / Investor Conference was held on Thursday 04/04/2024 at 01:00 PM through a Live Webcast.

Moreover, please note that no material information has been disclosed during the conference. Attached is the Analyst/ Investor’s conference presentations for Q4 2023.

Kuwait Real Estate Company Earnings webcast – Q4 2023

Kuwait Real Estate Company (Aqarat) Earnings Webcast Invitation

Please download the invitation and click on the registration link to join the call

Date and time:

Thursday, April 4, 2024 1:00 PM

Join link: Click Here

or copy below link:

https://efghermesevents.webex.com/efghermesevents/j.php?MTID=meef1260717185269ef588589c4b0789b

Board of Directors meeting results of Kuwait Real Estate Company

Reference to the above mentioned subject, we are pleased to inform you that the Board of Directors held its meeting on Saturday 30/03/2024 at 01:00 PM where the Consolidated Financial Statements and the Independent Auditor’s report for the Financial Year ending 31/12/2023 were discussed and approved. The proposed dividend distribution for the year 2023 was also discussed in addition to other items which are subject to the approval of the general assembly and regulatory authorities

Please find enclosed the Results form of Financial Statements for the year ending 31/12/2023.

Reference to the “Continuing Obligations in the Premier Market” of Boursa – Kuwait Rule Book issued as per decision No. (1) for year 2018, and since Kuwait Real Estate Company has been classified in the Premier Market, we would like to announce that the quarterly Analyst / Investor Conference will be held at 01:00 PM (Kuwait Local Time) through a Live Webcast on Thursday 04/04/2024. Analysts, investors and interested parties can visit our website under Investor Relations page or communicate with our company using the following email address:

investor.relations@aqarat.com.kw

to provide them with the invitation details of the conference.

Supplementary Disclosure from Kuwait Real Estate regarding a Judicial Decision

Supplementary to our disclosure dated 13/04/2023, please note that the Court of Cassation has ruled to refer the case to the expert department.

Attached is the supplementary disclosure form of Judicial Decision Disclosure as per Appendix No. (8).

Board of Directors of Kuwait Real Estate Company meeting

Reference to the above mentioned subject, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law and Regulating Securities Activities and its amendments, and accordingly, We are pleased to inform you that the Board of Directors of Kuwait Real Estate Company will meet on Saturday 30/03/2024 at 01:00 PM, to discuss and approve the consolidated financial statements and the Independent Auditor’s report for the Financial Year ending 31/12/2023 and to discuss the dividend distribution for year 2023 and other items.

Attached is the disclosure form of material information as per Appendix No. (11).

Disclosure from Kuwait Real Estate Company about the renewal of the right to deal with treasury shares

Reference to the subject mentioned above, and Paragraph No. (24) of Article 4-1-1 of Chapter Four of Book Ten of the Executive Regulations of Law No. (7) of 2010 regarding the establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments, we would like to inform you of the CMA's approval to renew the right to deal in treasury shares not exceeding 10% of the Company's shares for six months from the date of approval on 30/01/2024

Disclosure from Kuwait Real Estate about Material Information

In reference to the subject mentioned above and the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law Regulating Securities Activities and its amendments, and accordingly.

Attached is the disclosure form of material information as per Appendix No. (11).

Kuwait Real Estate Company Analyst / Investor Conference minutes for Q3- 2023

Reference to the above mentioned subject, and the requirements of article No. (2-4-8) “Continuing Obligations in the Premier Market” of Boursa Kuwait rule book issued via resolution No. (1) of year 2018, and since Kuwait Real Estate Co. has been classified in the premier market, kindly note that the analyst/investor conference was conducted through (Live Webcast) at 01:30 PM on Thursday 09/11/2023.

Kindly note that no material information has been discussed during the conference. Please find attached the minutes of the conference in (Arabic & English) and the investors presentation for Q3, 2023.

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q3 / 2023

Reference to the aforementioned subject and as per article No. (8-4-2) “continuing Obligations in the Premier Market” of Boursa – Kuwait Rule Book issued as per decision No. (1) for year 2018, and since Kuwait Real Estate Company has been classified in the Premier Market.

Kindly be informed that the Analyst / Investor Conference was held on Thursday 09/11/2023 at 01:30 PM through (Live Webcast).

Moreover, please note that no material information has been disclosed during the conference.

Furthermore, attached is the Analyst/ Investor’s conference presentations for Q3 2023.

Kuwait Real Estate Company Earnings webcast – Q3 2023

Kuwait Real Estate Company will hold its Third Quarter 2023 Earnings Webcast on Thursday 09, November 2023 at 1:30 pm (Kuwait Time).

“please download the invitation to and click on the registration link to join the call”

Date and time:

Thursday, November 9, 2023 1:30 PM | (UTC+03:00) Kuwait

Join link:

Click Here

Results of Board of Directors meeting of Kuwait Real Estate Company

Reference to the above mentioned subject, we are pleased to inform you that the Board of Directors held its meeting on Thursday 02/11/2023 at 01:00 PM where the Interim Condensed Consolidated Financial Information for the Nine month period ending on 30/09/2023 have been discussed and approved.

Please find enclosed the Results form of financial for the period ending 30/09/2023.

Reference to “continuing Obligations in the Premier Market” of Boursa – Kuwait Rule Book issued as per decision No. (1) for year 2018, and since Kuwait Real Estate Company has been classified in the Premier Market, We would like to announce that the quarterly Analyst / Investor Conference will be held at 01:30 PM (Kuwait Local Time) through (Live Webcast) on Thursday 09/11/2023, Analysts and Investors and who is interested can communicate with our company on the following email address.

investor.relations@aqarat.com.kw

to provide them with the invitation and details of participation in the conference

Board of Directors of Kuwait Real Estate Company meeting

Reference to the above mentioned subject, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law and Regulating Securities Activities and its amendments, and accordingly, We are pleased to inform you that the Board of Directors of Kuwait Real Estate Company will meet on Thursday 02/11/2023 at 01:00 PM, to discuss and approve the interim condensed consolidated financial information for the Nine months period ending on 30/09/2023.

Attached is the disclosure form of material information as per Appendix No. (11).

Disclosure from Kuwait Real Estate about Material Information

In reference to the subject mentioned above and the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law Regulating Securities Activities and its amendments, and accordingly.

Attached is the disclosure form of material information as per Appendix No. (11).

Supplementary Disclosure from Kuwait Real Estate about Material Information

In reference to the subject mentioned above and the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law Regulating Securities Activities and its amendments, and accordingly.

Attached is the disclosure form of material information as per Appendix No. (13).

Joint venture

Reference to the subject mentioned above and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the Executive Regulations of the Capital Markets Authority Law and Regulating Securities Activities and its amendments, and accordingly we attach to you a disclosure form for material information related to the participation in joint venture.

Kuwait Real Estate Company Analyst / Investor Conference minutes for Q2 - 2023

Reference to the above mentioned subject, and the requirements of article No. (2-4-8) “Continuing Obligations in the Premier Market” of Boursa Kuwait rule book issued via resolution No. (1) of year 2018, and since Kuwait Real Estate Co. has been classified in the premier market, kindly note that the analyst/investor conference was conducted through (Live Webcast) at 01:30 PM on Wednesday 16/08/2023.

Kindly note that no material information has been discussed during the conference. Please find attached the minutes of the conference in (Arabic & English) and the investors presentation for Q2, 2023.

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q2 / 2023

Reference to the aforementioned subject and as per article No. (8-4-2) “continuing Obligations in the Premier Market” of Boursa – Kuwait Rule Book issued as per decision No. (1) for year 2018, and since Kuwait Real Estate Company has been classified in the Premier Market.

Kindly be informed that the Analyst / Investor Conference was held on Wednesday 16/08/2023 at 01:30 PM through (Live Webcast).

Moreover, please note that no material information has been disclosed during the conference.

Furthermore, attached is the Analyst/ Investor’s conference presentations for Q2 2023.

Disclosure from Kuwait Real Estate about Material Information

In reference to the subject mentioned above and the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law Regulating Securities Activities and its amendments, and accordingly.

Attached is the disclosure form of material information as per Appendix No. (13).

Results of Board of Directors meeting of Kuwait Real Estate Company

Reference to the above mentioned subject, we are pleased to inform you that the Board of Directors held its meeting on Wednesday 09/08/2023 at 01:00 PM where the Interim Condensed Consolidated Financial Information for the Six month period ending on 30/06/2023 have been discussed and approved.

Please find enclosed the Results form of financial for the period ending 30/06/2023.

Reference to “continuing Obligations in the Premier Market” of Boursa – Kuwait Rule Book issued as per decision No. (1) for year 2018, and since Kuwait Real Estate Company has been classified in the Premier Market, We would like to announce that the quarterly Analyst / Investor Conference will be held at 01:30 PM (Kuwait Local Time) through (Live Webcast) on Wednesday 16/08/2023, Analysts and Investors and who is interested can communicate with our company on the following email address.

investor.relations@aqarat.com.kw

to provide them with the invitation and details of participation in the conference

Disclosure from Kuwait Real Estate about Material Information

In reference to the subject mentioned above and the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law Regulating Securities Activities and its amendments, and accordingly.

Attached is the disclosure form of material information as per Appendix No. (11).

Discloser from Kuwait Real Estate Company about the renewal of the right to deal with treasury shares

Reference to the subject mentioned above, and Paragraph No. (24) of Article 4-1-1 of Chapter Four of Book Ten of the Executive Regulations of Law No. (7) of 2010 regarding the establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments, we would like to inform you of the CMA's approval to renew the right to deal in treasury shares not exceeding 10% of the Company's shares for six months from the date of approval on 09/08/2023

Kuwait Real Estate Company Earnings webcast – Q2 2023

Kuwait Real Estate Company will hold its First Quarter 2023 Earnings Webcast on Wednesday 16, August 2023 at 1:30 pm (Kuwait Time).

Join link: Click Here

or copy below link:

https://efghermesevents.webex.com/efghermesevents/j.php?MTID=m894e6e3dfff24bc629be98d71a016719

Material Information Disclosure

Reference to the above mentioned subject, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law and Regulating Securities Activities and its amendments, and accordingly.

Attached is the disclosure form of material information as per Appendix No. (11).

Board of Directors of Kuwait Real Estate Company meeting to discuss the interim condensed consolidated financial information for the Six months period ending on 30/06/2023

Board of Directors of Kuwait Real Estate Company meeting

Reference to the above mentioned subject, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law and Regulating Securities Activities and its amendments, and accordingly, We are pleased to inform you that the Board of Directors of Kuwait Real Estate Company will meet on Wednesday 09/08/2023 at 01:00 PM, to discuss and approve the interim condensed consolidated financial information for the Six months period ending on 30/06/2023

Attached is the disclosure form of material information as per Appendix No. (11).

Clarification on Unusual Trading Activity on AQARAT Company Shares

Reference to the email received today pertinent to the inquiry about the unusual trading activity on AQARAT Company shares as per trading session dated on Thursday 27/07/2023, and pursuant to the provision of article (4-5) of book No. 10 ‘Disclosure and Transparency’ of the Executive Regulation of Law No. 07/2010 and their amendments.

We would like to inform you that the company does not have any material information that did not disclose about during the previous period, and there have been no recent developments that would have impact the Company or its affairs in the way, which would cause such activity.

Clarification on Unusual Trading Activity on AQARAT Company Shares

Reference to the email received today pertinent to the inquiry about the unusual trading activity on AQARAT Company shares as per trading session dated on Monday 26/06/2023, and pursuant to the provision of article (4-5) of book No. 10 ‘Disclosure and Transparency’ of the Executive Regulation of Law No. 07/2010 and their amendments.

We would like to inform you that the company does not have any material information that did not disclose about during the previous period, and there have been no recent developments that would have impact the Company or its affairs in the way, which would cause such activity.

Clarification on Unusual Trading Activity on AQARAT Company Shares

Reference to the email received today pertinent to the inquiry about the unusual trading activity on AQARAT Company shares as per trading session dated on Monday 12/06/2023, and pursuant to the provision of article (4-5) of book No. 10 ‘Disclosure and Transparency’ of the Executive Regulation of Law No. 07/2010 and their amendments.

We would like to inform you that the company does not have any material information that did not disclose about during the previous period, and there have been no recent developments that would have impact the Company or its affairs in the way, which would cause such activity.

Kuwait Real Estate Company Analyst / Investor Conference minutes for Q1 - 2023

Reference to the above mentioned subject, and the requirements of article No. (2-4-8) “Continuing Obligations in the Premier Market” of Boursa Kuwait rule book issued via resolution No. (1) of year 2018, and since Kuwait Real Estate Co. has been classified in the premier market, kindly note that the analyst/investor conference was conducted through (Live Webcast) at 01:30 PM on Monday 15/05/2023.

Kindly note that no material information has been discussed during the conference. Please find attached the minutes of the conference in (Arabic & English) and the investors presentation for Q1, 2023.

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q1 / 2023

Reference to the aforementioned subject and as per article No. (8-4-2) “continuing Obligations in the Premier Market” of Boursa – Kuwait Rule Book issued as per decision No. (1) for year 2018, and since Kuwait Real Estate Company has been classified in the Premier Market.

Kindly be informed that the Analyst / Investor Conference was held on Monday 15/05/2023 at 01:30 PM through (Live Webcast).

Moreover, please note that no material information has been disclosed during the conference.

Furthermore, attached is the Analyst/ Investor’s conference presentations for Q1 2023.

Kuwait Real Estate Company Earnings webcast – Q1 2023

Kuwait Real Estate Company will hold its First Quarter 2023 Earnings Webcast on Monday 15, May 2023 at 1:30 pm (Kuwait Time).

Please click HERE to register to the event.

In the case you would like to submit your questions ahead of the scheduled webcast, please contact investor.relations@aqarat.com.kw

Results of Board of Directors meeting of Kuwait Real Estate Company

Reference to the above mentioned subject, we are pleased to inform you that the Board of Directors held its meeting on Monday 08/05/2023 at 01:00 PM where the Interim Condensed Consolidated Financial Information for the Three month period ending on 31/03/2023 have been discussed and approved.

Please find enclosed the Results form of financial for the period ending 31/03/2023.

Reference to “continuing Obligations in the Premier Market” of Boursa – Kuwait Rule Book issued as per decision No. (1) for year 2018, and since Kuwait Real Estate Company has been classified in the Premier Market, We would like to announce that the quarterly Analyst / Investor Conference will be held at 01:30 PM (Kuwait Local Time) through (Live Webcast) on Monday 15/05/2023, Analysts and Investors and who is interested can communicate with our company on the following email address.

investor.relations@aqarat.com.kw

to provide them with the invitation and details of participation in the conference.

Board of Directors of Kuwait Real Estate Company meeting

Reference to the above mentioned subject, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law and Regulating Securities Activities and its amendments, and accordingly, We are pleased to inform you that the Board of Directors of Kuwait Real Estate Company will meet on Monday 08/05/2023 at 01:00 PM, to discuss and approve the interim condensed consolidated financial information for the Three months period ending on 31/03/2023

Attached is the disclosure form of material information as per Appendix No. (11).

Disclosure from Kuwait Real Estate about Material Information

In reference to the subject mentioned above and the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law Regulating Securities Activities and its amendments, and accordingly.

Attached is the disclosure form of material information as per Appendix No. (10).

Supplementary Disclosure -Annual General Assembly Meeting results of Kuwait Real Estate Company

Reference to the subject mentioned above, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law and Regulating Securities Activities and its amendments, kindly find attached the following:

- Supplementary Disclosure form.

- The authenticated Minutes of the AGM

- Attendance Quorum

- Voting results for each article of the AGM Agenda.

Corporate Action Disclosure form – certified

Annual General Assembly Meeting results of Kuwait Real Estate Company (K.P.S.C)

Reference to the subject mentioned above, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law and Regulating Securities Activities and its amendments, and accordingly,

Attached is the disclosure form of material information in accordance with Appendix No. (11) Related to the results of the Annual General Assembly meeting of Kuwait Real Estate Company K.P.S.C for the Financial year ending on December 31, 2022, which was held today, Sunday, 16/04/2023. We also attach the Corporate Action disclosure form.

Supplementary Disclosure from Kuwait Real Estate about Material Information

In reference to the subject mentioned above and the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law Regulating Securities Activities and its amendments, and accordingly.

Attached is the disclosure form of material information as per Appendix No. (13).

Disclosure from Kuwait Real Estate about Material Information

In reference to the subject mentioned above and the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law Regulating Securities Activities and its amendments, and accordingly.

Attached is the disclosure form of material information as per Appendix No. (11).

Kuwait Real Estate Company Analyst / Investor Conference minutes for Q4 - 2022

Reference to the above mentioned subject, and the requirements of article No. (2-4-8) “Continuing Obligations in the Premier Market” of Boursa Kuwait rule book issued via resolution No. (1) of year 2018, and since Kuwait Real Estate Co. has been classified in the premier market, kindly note that the analyst/investor conference was conducted through (Live Webcast) at 01:30 PM on Monday 20/03/2023.

Kindly note that no material information has been discussed during the conference. Please find attached the minutes of the conference in (Arabic & English) and the investors presentation for Q4, 2022.

Disclosure from Kuwait Real Estate Company about scheduling the Ordinary General Assembly meeting for F/Y 31 December 2022

Reference to the subject mentioned above, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law and Regulating Securities Activities and its amendments, and accordingly

We want to disclose the invitation of Kuwait Real Estate Company's Ordinary General Assembly for the financial year 31 December 2022 to discuss the points stated in the meeting's agenda. The Ordinary General Assembly will be convened on Sunday, 16/04/2023 at 12:00 PM in the Company's Head Office located in Souk AL Kuwait Building, 8th Floor, Meeting room. Provided that the shareholder's attendance and voting will be either via their physical presence or via electronic means as stipulated in the clearing Agency’s policies and procedures manual related to holding general assemblies that is approved by the Capital Market Authority.

Attached is the disclosure form of material information as per Appendix No. (11). also attached a copy of the Ordinary General Assembly agenda and a copy from Ministry of Commerce's approval on the meeting date.

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q4 / 2022

Reference to the aforementioned subject and as per article No. (8-4-2) “continuing Obligations in the Premier Market” of Boursa – Kuwait Rule Book issued as per decision No. (1) for year 2018, and since Kuwait Real Estate Company has been classified in the Premier Market.

Kindly be informed that the Analyst / Investor Conference was held on Monday 20/03/2023 at 01:30 PM through (Live Webcast).

Moreover, please note that no material information has been disclosed during the conference.

Furthermore, attached is the Analyst/ Investor’s conference presentations for Q4 2022.

Results of Board of Directors meeting of Kuwait Real Estate Company

Reference to the above mentioned subject, we are pleased to inform you that the Board of Directors held its meeting on Tuesday 14/03/2023 at 01:00 PM where the consolidated financial statements and the Independent Auditor’s report for the Financial Year ending 31/12/2022 have been discussed and approved.

Please find enclosed the Results form of financial for the year ending 31/12/2022.

Reference to “continuing Obligations in the Premier Market” of Boursa – Kuwait Rule Book issued as per decision No. (1) for year 2018, and since Kuwait Real Estate Company has been classified in the Premier Market, We would like to announce that the quarterly Analyst / Investor Conference will be held at 01:30 PM (Kuwait Local Time) through (Live Webcast) on Monday 20/03/2023, Analysts and Investors and who is interested can communicate with our company on the following email address.

investor.relations@aqarat.com.kw

to provide them with the invitation and details of participation in the conference.

Board of Directors of Kuwait Real Estate Company meeting to discuss the consolidated financial statements and the Independent Auditor’s report for the Financial Year ending 31/12/2022

Reference to the above mentioned subject, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law and Regulating Securities Activities and its amendments, and accordingly, We are pleased to inform you that the Board of Directors of Kuwait Real Estate Company will meet on Tuesday 14/03/2023 at 01:00 PM, to discuss and approve the consolidated financial statements and the Independent Auditor’s report for the Financial Year ending 31/12/2022

Attached is the disclosure form of material information as per Appendix No. (11).

Discloser from Kuwait Real Estate Company about the renewal of the right to deal with treasury shares

Reference to the subject mentioned above, and Paragraph No. (24) of Article 4-1-1 of Chapter Four of Book Ten of the Executive Regulations of Law No. (7) of 2010 regarding the establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments, we would like to inform you of the CMA's approval to renew the right to deal in treasury shares not exceeding 10% of the Company's shares for six months from the date of approval on 20/02/2023

Disclosure about Kuwait Real Estate Company signing a bank loan contract with a Kuwaiti Bank

In reference to the subject mentioned above and the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law Regulating Securities Activities and its amendments, and accordingly.

Attached is the disclosure form of material information as per Appendix No. (11).

Disclosure about Kuwait Real Estate Company signing a contract appendix with the Ministry of Finance

In reference to the subject mentioned above and the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law Regulating Securities Activities and its amendments, and accordingly.

Attached is the disclosure form of material information as per Appendix No. (11).

Clarification on Unusual Trading Activity on AQARAT Company Shares

Reference to the email received today pertinent to the inquiry about the unusual trading activity on AQARAT Company shares as per trading session dated on Sunday 04/12/2022, and pursuant to the provision of article (4-5) of book No. 10 ‘Disclosure and Transparency’ of the Executive Regulation of Law No. 07/2010 and their amendments.

We would like to inform you that the company does not have any material information that did not disclose about during the previous period, and there have been no recent developments that would have impact the Company or its affairs in the way, which would cause such activity.

Kuwait Real Estate Company Analyst / Investor Conference minutes for Q3 - 2022

Reference to the above mentioned subject, and the requirements of article No. (2-4-8) “Continuing Obligations in the Premier Market” of Boursa Kuwait rule book issued via resolution No. (1) of year 2018, and since Kuwait Real Estate Co. has been classified in the premier market, kindly note that the analyst/investor conference was conducted through (Live Webcast) at 01:30 PM on Sunday 06/11/2022.

Kindly note that no material information has been discussed during the conference. Please find attached the minutes of the conference in (Arabic & English) and the investors presentation for Q3, 2022.

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q3 / 2022

Reference to the aforementioned subject and as per article No. (8-4-2) “continuing Obligations in the Premier Market” of Boursa – Kuwait Rule Book issued as per decision No. (1) for year 2018, and since Kuwait Real Estate Company has been classified in the Premier Market.

Kindly be informed that the Analyst / Investor Conference was held on Sunday 06/11/2022 at 01:30 PM through (Live Webcast).

Moreover, please note that no material information has been disclosed during the conference.

Furthermore, attached is the Analyst/ Investor’s conference presentations for Q3 2022.

This is for your information and notice.

Best Regards

Results of Board of Directors meeting of Kuwait Real Estate Company

Reference to the above mentioned subject, we are pleased to inform you that the Board of Directors held its meeting on Monday 31/10/2022 at 01:00 PM where the Interim Condensed Consolidated Financial Information for the Nine month period ending on 30/09/2022 have been discussed and approved.

Please find enclosed the Results form of financial for the period ending 30/09/2022.

Reference to “continuing Obligations in the Premier Market” of Boursa – Kuwait Rule Book issued as per decision No. (1) for year 2018, and since Kuwait Real Estate Company has been classified in the Premier Market, We would like to announce that the quarterly Analyst / Investor Conference will be held at 01:30 PM (Kuwait Local Time) through (Live Webcast) on Sunday 06/11/2022, Analysts and Investors and who is interested can communicate with our company on the following email address.

investor.relations@aqarat.com.kw

to provide them with the invitation and details of participation in the conference.

Board of Directors of Kuwait Real Estate Company meeting

Reference to the above mentioned subject, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the bylaws of the Capital Markets Authority Law and Regulating Securities Activities and its amendments, and accordingly, We are pleased to inform you that the Board of Directors of Kuwait Real Estate Company will meet on Monday 31/10/2022 at 01:00 PM, to discuss and approve the interim condensed consolidated financial information for the Nine months period ending on 30/09/2022

Establishment of a subsidiary company

Reference to the subject mentioned above and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten (Disclosure and Transparency) of the Executive Regulations of the Capital Markets Authority Law and Regulating Securities Activities and its amendments, and accordingly we attach to you a disclosure form for material information related to the establishment of a subsidiary company

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q2 / 2022

Reference to the aforementioned subject and as per article No. (8-4-2) “continuing Obligations in the Premier Market”

Results of Board of Directors meeting of Kuwait Real Estate Company

Reference to the above mentioned subject, we are pleased to inform you that the Board of Directors held its meeting on Sunday 07/08/2022 at 01:00 PM

Board of Directors of Kuwait Real Estate Company meeting

Reference to the above mentioned subject, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten

Listing Kuwait Real Estate's (K.P.S.C) shares in Dubai Financial Market

Reference to the subject mentioned above and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information

Kuwait Real Estate Company Analyst / Investor Conference minutes for Q1 - 2022

Reference to the above mentioned subject, and the requirements of article No. (2-4-8)

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q1 / 2022

Reference to the above mentioned subject, we are pleased to inform you that the Board of Directors held its meeting

Kuwait Real Estate Company Analyst / Investor Conference minutes for Q1 - 2022

Reference to the above mentioned subject, and the requirements of article No. (2-4-8)

Results of Board of Directors meeting of Kuwait Real Estate Company

Reference to the above mentioned subject, we are pleased to inform you that the Board of Directors held its meeting

Annual General Assembly Meeting results of Kuwait Real Estate Company (K.P.S.C)

Reference to the subject mentioned above, and to the commitment from Kuwait Real Estate Company

Disclosure regarding the signing of a credit facility contract with a local bank in Kuwait

Reference to the subject mentioned above and the commitment from Kuwait Real Estate Company

Disclosure regarding the signing of a loan contract by a subsidiary of Kuwait Real Estate Company with a bank in the United Arab Emirates

Reference to the subject mentioned above and the commitment from Kuwait Real Estate Company

Clarification on Unusual Trading Activity on AQARAT Company Shares

Reference to the email received today pertinent to the inquiry about the unusual trading activity on AQARAT Company

Kuwait Real Estate Company – K.P.S.C

Disclosure about the invitation of Kuwait Real Estate Company's Ordinary General Assembly for the financial year 31 December 2021

Kuwait Real Estate Company – K.P.S.C

Kuwait Real Estate Company has received the CMA's approval

Kuwait Real Estate Company Analyst / Investor Conference minutes for Q4 - 2021

Reference to the above mentioned subject, and the requirements of article No. (2-4-8) “Continuing Obligations in the Premier Market”

Kuwait Real Estate Company – K.P.S.C

Kuwait Real Estate held the Analyst / Investor Conference on Monday 14/03/2022 at 01:00 PM

Kuwait Real Estate Company – K.P.S.C

Please note that the Board of Directors of Kuwait Real Estate Company held its meeting on Tuesday 08/03/2022 at 01:00 PM

Kuwait Real Estate Company – K.P.S.C

A subsidiary company of Kuwait Real Estate Company signed a loan contract with a bank in the United Arab Emirates in the amount of 250 million dirhams

Kuwait Real Estate Company – K.P.S.C

We are pleased to inform you that the Board of Directors of Kuwait Real Estate Company will meet on Tuesday 08/03/2022 at 01:00 PM

Kuwait Real Estate Company – K.P.S.C

The Group began to deliver 231 residential units within the Miami project, where the total sales of residential units amounted to more than U.S. Dollar 72.6

Clarification on Unusual Trading Activity on AQARAT Company Shares

Reference to the email received today pertinent to the inquiry about the unusual trading activity on AQARAT Company.

Kuwait Real Estate Company signed a market maker agreement

Kuwait Real Estate Company signed a market maker agreement with Kuwait Financial Centre Company.

Kuwait Real Estate Company Analyst / Investor Conference minutes for Q3 - 2021

Reference to the above mentioned subject, and the requirements of article No. (2-4-8) “Continuing Obligations in the Premier Market”

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q3 / 2021

Reference to the aforementioned subject and as per article No. (8-4-2) “continuing Obligations in the Premier Market”

Kuwait Real Estate Company – K.P.S.C.

We are pleased to announce that Kuwait Real Estate Company (K.P.S.C.) has completed an investment deal in the development of the First Residences 501 project

Results of Board of Directors meeting of Kuwait Real Estate Company

Reference to the above mentioned subject, we are pleased to inform you that the Board of Directors held its meeting on Sunday 07/11/2021 at 01:00 PM

Board of Directors of Kuwait Real Estate Company

Board of Directors of Kuwait Real Estate Company meeting to discuss the interim condensed consolidated financial information.

Discloser from Kuwait Real Estate Company

Discloser from Kuwait Real Estate Company of renewal of the right to buy or sell shares of the Company (treasury)

Disclosure regarding the completion of a sale of lands

Disclosure regarding the completion of a sale of lands in real estate portfolio

Kuwait Real Estate Company Analyst / Investor Conference minutes

Kuwait Real Estate Company Analyst / Investor Conference minutes for Q2 - 2021

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C)

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q2 / 2021

Results of Board of Directors meeting of Kuwait Real Estate Company.

Reference to the above mentioned subject, we are pleased to inform you that the Board of Directors held its meeting on Wednesday 11/08/2021

Board of Directors of Kuwait Real Estate Company meeting to discuss the interim condensed consolidated financial information.

Board of Directors of Kuwait Real Estate Company meeting to discuss the interim condensed consolidated financial information for the Six months period ending on 30/06/2021

Clarification on Unusual Trading Activity

Clarification on Unusual Trading Activity on AQARAT Company Shares

Listing Kuwait Real Estate's (K.P.S.C)

Listing Kuwait Real Estate's (K.P.S.C) shares in Dubai Financial Market

Corporate Action

Corporate Action Disclosure Form

Clarification on Unusual Trading Activity

Clarification on Unusual Trading Activity on AQARAT Company Shares.

Formation of the Board of Directors of Kuwait Real Estate Company (K.S.C.P.)

Reference to the subject mentioned above, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten

Annual General Assembly Meeting results of Kuwait Real Estate Company (K.P.S.C)

Reference to the subject mentioned above, and to the commitment from Kuwait Real Estate Company to the requirements of the article of disclosures of essential information from book Ten

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q1 / 2021

Reference to the aforementioned subject and as per article No. (8-4-2) “continuing Obligations in the Premier Market” of Boursa – Kuwait Rule

Results of Board of Directors meeting of Kuwait Real Estate Company

Reference to the above mentioned subject, we are pleased to inform you that the Board of Directors held its meeting on Sunday 02/05/2021 at 01:00 PM

Board of Directors of Kuwait Real Estate Company meeting to discuss the interim condensed consolidated financial information

Board of Directors of Kuwait Real Estate Company meeting to discuss the interim condensed consolidated financial information for the Three months period ending on 31/03/2021

Disclosure from Kuwait Real Estate Company

Disclosure from Kuwait Real Estate Company about scheduling the Ordinary General Assembly meeting for F/Y 31 December 2020

Disclosure from Kuwait Real K.P.S.C

Corrective Disclosure from Kuwait Real Estate Company on Material Information

Reference to the subject mentioned above, and to the commitment from Kuwait Real Estate Company

Discloser from Kuwait Real Estate Company of renewal of the right to buy or sell shares of the Company (treasury)

Reference to the subject mentioned above, and Paragraph No. (24) of Article 4-1-1 of Chapter Four of Book Ten of the Executive Regulations of Law No. (7) of 2010

Disclosure from Kuwait Real Estate Company about finalizing a deal of selling shares

Reference to the subject mentioned above, and to the commitment from Kuwait Real Estate Company

Disclosure from Kuwait Real Estate Company about finalizing a deal of selling shares

Reference to the subject mentioned above, and to the commitment from Kuwait Real Estate Company

Disclosure from Kuwait Real Estate Company on Final Verdict decision

Kuwait Real Estate Company announces that a final verdict was issued yesterday, 07/04/2021

Analyst / Investor Conference

Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q4 / 2020

Conference call invitation

Complementary Disclosure Analyst / Investor Conference Presentation of Kuwait Real Estate Company (K.P.S.C) for Q4 / 2020

Reference to “continuing Obligations in the Premier Market” of Boursa – Kuwait Rule Book issued as per decision No. (1) for year 2018

Results for the financials for the period ended 31/12/2020

Kuwait Real Estate Company announced that the financial statements for the year ended 31/12/2020

Reference to the above mentioned subject and to the board meeting held on 24/03/2021

Board of Directors of Kuwait Real Estate Company holds a board meeting

Board of Directors of Kuwait Real Estate Company holds a board meeting on 24/03/2021 to discuss financial results of 31/12/2020.

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Wednesday 24/03/2021 at 01:00 pm to discuss the financial results of 31/12/2020.

Disclosure of Material Information

Reference to the above subject mention, we would like to inform you that Kuwait Real Estate Company has signed a credit facility with an Islamic bank in Kuwait amounting to KWD 8.5 million (8.5 million Kuwaiti Dinars) with a flexible interest rate and flexible repayment period, The objective of this facility is to settle a credit facility obtained from other bank amounting to KWD 6.5 million (6.5 million Kuwaiti Dinars), and the remaining will be used in the developments of Company’s Projects.

The effect of material information on the company's financial position will be as Annual interest, depending on the usage of the loan.

Clarification on Unusual Trading Activity on AQARAT Company Shares

Reference to the email received today pertinent to the inquiry about the unusual trading activity on AQARAT Company shares as per trading session dated on Sunday 31/01/2021, and pursuant to the provision of article (4-5) of book No. 10 ‘Disclosure and Transparency’ of the Executive Regulation of Law No. 07/2010 and their amendments.</p>

<p>We would like to inform you that the company does not have any material information that did not disclose about during the previous period, and there have been no recent developments that would have impact the Company or its affairs in the way, which would cause such unusual trading activity.

A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 08-12-2020, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.

Disclosure of the increase of Kuwait Real Estate Company's stake in the First Takaful Insurance Company

Kuwait Real Estate Company announced that it has increased its stake in First Takaful Insurance Company KSCC to 5.27%, equivalent to 5,616,944 shares.

Kuwait Real Estate Company has announced that the previous disclosure about purchasing Three properties

Kuwait Real Estate Company has announced that the previous disclosure about purchasing Three properties has been amended to become the purchase of Two real estate assets with a value of 2.5 million Kuwaiti dinars. The purchase of these two properties will be financed through credit facilities from a Kuwaiti local bank at an appropriate interest rate and a flexible payment period.

Results for the Third quarter for the period ended 30-09-2020

Kuwait Real Estate Company announced Third quarter results for the period ended 30/09/2020 after the Board of Directors meeting on Monday 09/11/2020

Board of Directors of Kuwait Real Estate Company holds a board meeting on 01/11/2020 to discuss financials of 30/09/2020

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Monday 09/11/2020 at 01:00 pm to discuss the Company's interim financial statements for the period ended At 30/09/2020

Disclosure on the renewal of the right to buy or sell shares of the company (Treasury)

Kuwait Real Estate Company announced the approval of the Capital Markets Authority to allow the company to buy or sell up to 10% of its shares for a period of six months from the date of granting approval on 19/10/2020

Board of Directors of Kuwait Real Estate Company holds a board meeting on 15/08/2020 to discuss financials of 31/03/2020 and financials of 30/06/2020

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Saturday 15/08/2020 at 01:00 pm to discuss the Company's interim financial statements for the period ended At 31/03/2020 and 30/06/2020

Annual General Meeting for the financial year ended 31/12/2019

Kuwait Real Estate Company announced that the Annual General Meeting (AGM) for the financial year ended 31 December 2019 was held on Wednesday 03/06/2020 at 11:00 AM at Company Head office located Al- Qibla – Al Abdulrazzaq Square – Souk AL Kuwait Building – 8th Floor – Meeting Room, with 67.17% attendance.

The Assembly approved all the items on the agenda.

Announcement of the date of the AGM for year 31/12/2019

Kuwait Real Estate Company Announced that The AGM meeting for 2019 will be held on Wednesday 03/06/2020 at 11:00 AM, At the headquarter of Kuwait Real Estate Company – Qibla – Al Abdulrazzaq Square – Souk AL Kuwait Building – 8th Floor – Meeting Room

Disclosure on the renewal of the right to buy or sell shares of the company (Treasury)

Kuwait Real Estate Company announced the approval of the Capital Markets Authority to allow the company to buy or sell up to 10% of its shares for a period of six months from the date of granting approval on 20/04/2020

Results for the financials for the period ended 31/12/2019

Kuwait Real Estate Company announced that the financial statements for the year ended 31/12/2019 have been approved at the Board of Directors meeting held on Sunday 12/04/2020 at 01:00 pm

Board of Directors of Kuwait Real Estate Company holds a board meeting on 12/04/2020 to discuss financial results of 31/12/2019.

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Sunday 12/04/2020 at 01:00 pm to discuss the financial results of 31/12/2019

A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 19-01-2020, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.

Signing purchase contract to buy three Real Estate assets

Kuwait Real Estate Company has signed a contract to purchase three properties with a total value of 4.170 Million KD located in Kuwait. The purchase of these properties will be funded through a credit facility from a local bank at an appropriate interest rate and a flexible repayment period. The expected return is 8.8% annually and its effect will appear during the first quarter of 2020

A clarification from Kuwait Real Estate regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company recieved on 2019-11-21, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.

A subsidiary in the United Arab Emirates signs a purchase contract (hotel / hotel apartments)

A subsidiary in the United Arab Emirates signed a purchase contract of (hotel/hotel apartments) and the purchase consideration amounting to AED395 million equivalent to 32.7 million Kuwaiti Dinar. The Hotel / Hotel apartments are expected to be opened on January 2020, The purchase consideration will be financed through a financing facility from a bank in Kuwait with a total value of 19 million Kuwaiti Dinar at an appropriate interest rate and a flexible repayment period.

Board of Directors of Kuwait Real Estate Company holds a board meeting to discuss financial results of 30/09/2019.

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Wed 6/11/2019 at 01:00 pm to discuss the Company's interim financial statements for the period ended At 30/09/2019

A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 13/10/2019, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.

Disclosure on the renewal of the right to buy or sell shares of the company (Treasury)

Kuwait Real Estate Company announced the approval of the Capital Markets Authority to allow the company to buy or sell up to 10% of its shares for a period of six months from the date of granting approval on 02/10/2019

A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 16/09/2019, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.

A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 28/08/2019, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails

Rescheduling of Credit Facilities

Kuwait Real Estate Company signed a contract to reschedule the credit facilities granted to it by a bank in Kuwait for a total amount of 98 million Kuwaiti Dinars at an appropriate interest rate and a flexible repayment period.

Board of Directors of Kuwait Real Estate Company holds a board meeting to discuss financial results of 31/03/2019.

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Sunday 12/05/2019 at 02:30 pm to discuss the Company's interim financial statements for the period ended At 31/03/2019

Minutes of AGM for 31/12/2018

The Annual General Meeting (AGM) of Kuwait Real Estate Company for the year ended 31 December 2018 was held on Wednesday 01/05/2019 at 12:00 pm at the company's headquarters in Qibla - Darwazah Al-Abdalrazak - Kuwait Market Building - 8th Floor - Hall (5), The Assembly approved all the agenda items. It was also decided to distribute 5% as a bonus shares (from treasury shares) to the shareholders of the Company by (5) treasury shares for every 100 shares of the Company for the financial year ended 31 December 2018.

The General Assembly will be held on 01/05/2019

Kuwait Real Estate Company announced that it has been decided to hold the AGM of 2018 for Real Estate Kuwait on Wednesday 01/05/2019 at 12:00 noon at the company's headquarters in Qibla - Darwazah Al-Abdalrazak - Kuwait Market Building - 8th Floor - Meeting Room.

Disclosure on the renewal of the right to buy or sell shares of the company (Treasury)

Kuwait Real Estate Company announced the approval of the Capital Markets Authority to allow the company to buy or sell up to 10% of its shares for a period of six months from the date of granting approval on 09/04/2019

Announcement of the date of the AGM for year 31/12/2018

Kuwait Real Estate Company Announced that The AGM meeting for 2018 will be held on Wednesday 01/05/2019 at 12:00 Pm, At the headquarter of Kuwait Real Estate Company – Qibla – Al Abdulrazzaq Square – Souk AL Kuwait Building – 8th Floor – Meeting Room

Results of Board of Directors Meeting

Board of Directors of Kuwait Real Estate Company met on Wednesday 27/03/2019 at 01:00 pm The consolidated financial statements and independent auditor's report for the financial year ended 31/12/2018 have been approved. It was recommended to distribute 5% bonus shares (treasury shares) to the shareholders of the Company without any increase in capital or increase in the number of shares issued. These shares are due to shareholders registered in the Company's records at the end of the due date of 15 working days after the date The General Assembly shall convene and the distribution of such shares shall commence after 5 working days from the end of the maturity date

Board of Directors of Kuwait Real Estate Company holds a board meeting to discuss financial results of 31/03/2019.

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Wednesday 27/03/2019 at 01:00 pm to discuss the Company's interim financial statements for the period ended At 31/03/2019

Kuwait Real Estate Compay Board of Directors will meet on 27/03/2019

The Board of Directors of Kuwait Real Estate Company will meet on Wednesday 27/03/2019 at 01:00 pm to approve the consolidated financial statements and the Independent Auditor's report for the financial year ended 31/12/2018.

Board of Directors meets to discuss the latest developments regarding the non-cash acquisition procedures on the shares of the International Resorts Company

Board of Directors of Kuwait Real Estate Company will meet on Thursday, 14/03/2019 at 01:00 pm to discuss the latest developments regarding the non-cash optional acquisition procedures on the shares of the International Resorts Company.

A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 05/03/2019, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.

Two subsidiaries buy land in the United Arab Emirates

Kuwait Real Estate Company, through two of its subsidiaries, signed a contract for the purchase of five plots of land in the United Arab Emirates in the amount of KD 5.410 million (five million four hundred and ten thousand Kuwaiti Dinars).

The purchase of the land and the project will be financed through the signing of a banking facility with an Islamic bank in the State of Kuwait with a value of KD 11 million

Announcement of the completion of the non-cash acquisition by Kuwait Real Estate Company on the shares of International Resorts Company.

Kuwait Real Estate Company has completed all the procedures related to its non-cash optional acquisition of 89,345,319 shares of the International Resorts Company under the minutes of sale of the shares signed at Kuwait Stock Exchange on 21/01/2019. Accordingly, the capital of Kuwait Real Estate Company will be increased by 40,652,120 shares Equivalent to KD 4,065,212.

Kuwait Real Estate Company announces the Board Meeting on 08/11/2018

Kuwait Real Estate Company announces the Board Meeting on 08/11/2018 to discuss the financial information and review report 30/09/2018

Capital markets authority’s approval to extend the collection period of the voluntarily non cash acquisition offer presented by Kuwait Real Estate company - KPSC on all shares of International Resorts Company’s share capital till 31 December 2018

<li><a href="pdf/latest-news/2018/Amended-NonCash-Voluntary-Acquisition-Offer-Document_Arabic-22nd-Oct-2018.pdf" target="_blank">NonCash Voluntary Acquisition Offer</a></li>

<li><a href="pdf/latest-news/2018/Capital-markets-authority-approval-to-extend-the-collection-period.pdf" target="_blank">Capital markets authority’s approval to extend the collection period</a>

</li>

</ul>

A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 14/03/2018, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.

A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 26/09/2018, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.

Kuwait Real Estate Company Purchased a piece of land on the coastal strip at Al- Bida area - Lane 1 + 2

Kuwait Real Estate Company has purchased a plot of land on the coastal strip A Bida area - 1 + 2 parcel representing the rest of the complementary part of the land amounting to KD 2,750,000. The project is currently owned and managed by one of the subsidiaries.

Capital markets authority’s approval of the voluntarily amended non cash acquisition offer presented by Kuwait Real Estate company on all shares of International Resorts Company’s share capital

Results for the second quarter for the period ended 30-06-2018

Kuwait Real Estate Company announced second quarter results for the period ended 30/06/2018 after the Board of Directors meeting on Thursday 12/08/2018

Board of Directors meets to discuss the latest developments regarding the non-cash acquisition procedures on the shares of the International Resorts Company

Board of Directors of Kuwait Real Estate Company will meet on Thursday, 14/03/2019 at 01:00 pm to discuss the latest developments regarding the non-cash optional acquisition procedures on the shares of the International Resorts Company.

New Credit Facility with an Islamic Bank in Kuwait

Kuwait Real Estate Company has signed a credit facility with an Islamic bank in Kuwait for KD 20 million (20 million Kuwaiti Dinars) and a flexible repayment period.

The objective of this loan is to expand the real estate of the company.

Extraordinary General Assembly (postponded) – Kuwait Real Estate Company.

Kuwait Real Estate Company (KSC) held its Extraordinary General Meeting (EGM) (postponded) at 11:00 am on Thursday, 05/07/2018 at Al- Thuraya Hall - JW Marriot Hotel - Floor 16 and attendance at 69.387% , And the Assembly approved all the items on the agenda as bellow:

Approved the amendment of Article No (6) of the memorandum of Association and Article (5) of the Articles of Association of the Company by increasing the Company's capital by issuing a number of new shares up to a maximum of 64403643 shares in order to complete the voluntary non-cash acquisition of the shares of the International Resorts Company.
Authorizing the Board of Directors of the company to determine the amount of capital increase in light of the result of the acquisition and marking the increase in the Commercial Register.

Annual General Meeting for the financial year ended 31/12/2017

Kuwait Real Estate Company announced that the Annual General Meeting (AGM) for the financial year ended 31 December 2017 was held on Monday 28/05/2018 at 12:30 pm at Salhia Hall - JW Marriot Hotel - First Floor with 67.330% attendance as it is As indicated in the report of the General Assembly quorum. The Assembly approved all the items on the agenda, and the extraordinary General Assembly meeting was postponed because of the quorum.

Attached is a copy of the minutes of the meeting.

Kuwait Real Estate Company signed a contract with bank in the United Arab Emirates with a total amount of 45 million dirhams, equivalent to KD 3.645 million.

The Purpose of the loan is to finance a purchase of property in Dubai with total price of KD 5.46 million.

Board of Directors of Kuwait Real Estate Company will hold a board meeting on 15/05/2018

Board of Directors of Kuwait Real Estate Company will hold a board meeting on Tuesday 15/05/2018 at 01:00 PM to discuss financial results of 31/03/2018

The General Assembly will be held on 28-05-2018

The Board of Directors of Kuwait Real Estate company decided to hold the Ordinary and Extraordinary General Meeting on Monday 28 May 2018 in Salhiya Hall - First Floor - JW Marriott Hotel - to discuss the Company's interim financial statements for the period ended At 31/12/2017

Aqarat Voluntary non cash acquisition of IRC shares.

Capital Market Authority approved to AQARAT to buy or Sell up to 10% of its shares.

Capital Market Authority approved to AQARAT to buy or Sell up to 10% of its shares for a period of 6 months from the date of granting the approval on 08/04/2018.

Appointment of Mr. Talal Jassim Al-Bahr as Chief Executive Officer of Kuwait Real Estate Company

Kuwait Real Estate Company has announced the appointment of Mr. Talal Jassim Al-Bahr as Chief Executive Officer of the Company as of 01/04/2018 in accordance with the Board of Directors' decision

Results for the financials for the period ended 31/12/2017

Kuwait Real Estate Company announced that the financial statements for the year ended 31/12/2017 have been approved at the Board of Directors meeting held on Wednesday 28/03/2017 at 01:00 pm The Board of Directors also decided to recommend to the General Assembly of the Company not to distribute dividends for the financial year ended 31/12/2017, and this recommendation is subject to the approval of the General Assembly and the concerned authorities.

Board of Directors of Kuwait Real Estate Company will hold a board meeting on Wednesday 28/03/2018 at 01:00 PM to discuss financial results of 31/12/202017.

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Wednesday 28/03/2017 at 01:00 pm to discuss the Company's financial statements for the year ended as of 31/12/2017

Kuwait Real Estate Company has expressed its desire to make an optional non-clash acquistion of the shares.

Kuwait Real Estate Company has expressed its desire to make an optional non-cash acquisition of the shares of the International Resorts Company, where it has addressed the International Resorts Company for its opinion on this matter that has not been discussed so far with this company and did not reach a preliminary agreement in this regard.

A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 07/12/2017, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.

A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 14/03/2018, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.

Kuwait Real Estate Company (AQARAT) Exited one of its Associate Companies

Kuwait Real Estate Co. had exited from one of its Associate companies (ABC Real Estate Company), AQARAT was an owner of 50% of this company.

A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 07/12/2017, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.

Results for the Third quarter for the period ended 30-09-2017

Kuwait Real Estate Company announced Third quarter results for the period ended 30/09/2016 after the Board of Directors meeting on Thursday 14/11/2017

Board of Directors of Kuwait Real Estate Company holds a board meeting on 14/11/2017 to discuss financial results of 30/09/2017

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Thursday 14/11/2017 at 12:30 pm to discuss the Company's interim financial statements for the period ended At 30/09/2017

Starwood Capital Invests in $250M in Micro-Hotel Chain Yotel

p>Starwood Capital Group has invested $250M in Yotel and acquired a 30% stake in the company. Starwood is investing in real estate acquisitions for new build, hotel conversion and adaptive reuse properties as Yotel expands internationally. Yotel is expanding into San Francisco with its first hotel at Market and Seventh streets expected to open in the first quarter.

Starwood’s investment and partnership with Yotel will allow the micro-hotel chain to expand worldwide with a particular focus on Europe, North America and Asia. It also will help Yotel strengthen brand identity and enhance the guest experience. Yotel offers small tech-filled rooms for guests along with co-working and social spaces. Starwood already has secured city center sites in Edinburgh, Glasgow and Amsterdam, which are expected to open as Yotels in 2019.

Starwood Capital Group Managing Director, head of European Hotels Cody Bradshaw and Senior Vice President Sarah Broughton will join Yotel’s board of directors along with major stakeholders, including Al-Bahar Group, IFA Hotels & Resorts, United Investment Portugal and Kuwait Real Estate Co., which jointly own a 65% stake in Yotel.

The hotel chain has 15 locations in various stages of development, according to Yotel CEO Hubert Viriot. In addition to the San Francisco location, it also recently opened a location in Boston & will open its first Asian hotel in Singapore on Oct. 1.

Resignation of the CEO of AQARAT

Kuwait Real Estate Company announced during the board meeting No. (6) held on 10/09/2017 the resignation of the CEO of the company Mr. Emad Abdullah Al-Essa, which was accepted during the said meeting

A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares

Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 30/08/2017, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.

Results for the second quarter for the period ended 30-06-2017

Kuwait Real Estate Company announced second quarter results for the period ended 30/06/2017 after the Board of Directors meeting on Thursday 03/08/2017

Board of Directors of Kuwait Real Estate Company holds a board meeting on 03/08/2017 to discuss financial results for the second quarter 2017

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Monday 15-05-2017 at 12:30 pm to discuss the Company's interim financial statements for the period ended At 30-06-2017

Replacement of the representative of Marasi AL- Ofouq General Trading & Contracting in Kuwait Real Estate

Kuwait Real Estate Company has announced the replacement of the representative of Marassi Al-Ofouq General Trading and Contracting Company Mr. Khalid Saeed Esbaitah as a member of board of directors of Kuwait Real Estate Company to replace Mr. Talal Jassim Al-Bahr starting from 11/06/2017

Commentary on the press release about Kuwait Real Estate Company Establishing an office tower.

Kuwait Real Estate Company responded to the e-mail received from Kuwait Stock Exchange on 17/05/2017 requesting comment on the news published in Al-Qabas newspaper this morning , Wednesday, 17/05/2017, regarding the company's intention to establish an offices tower in Al-Reggai area. The company clarified that it owns this land since the 1980s and it’s the same land on which the Court Complex is currently located. Since the construction rules have been amended from 180% to 330% several years ago, one of the options available to the Company is to construct a building on the rest of the unplanned area (Al-Reggai Court Complex). However, the company has not yet obtained any licenses in this regard from the competent authorities, as this is still in the process of study, and if the company adopted this option and obtained the necessary licenses from the competent authorities to establish such a building, For its part, to disclose this matter at the time, in accordance with the rules in force in this regard.

Invitation To Attend The Ordinary General Assembly Meeting for Year 2016

The Board of Directors of Kuwait Real Estate Company (K.S.C) (AQARAT) is pleased to invite the honorable shareholders to attend the Company’s Ordinary General Assembly Meeting, to be held at exactly 11:00 am. on Thursday 11/5/2017 at Salhia Hall – First Floor – J. W. Marriott Kuwait Hotel.

Agenda of ordinary general assembly For the fiscal year ended on 31st December 2016:

Listening to and approving the report of the Board of Directors for the financial year ended 31 December 2016.
Listening to the governance report and the Audit Committee report for the financial year ended 31 December 2016.
Listing to and approving the Auditor’s report for the financial year ended 31 December 2016.
Discussing and approving the financial statements for the financial year ended 31 December 2016.
Listening to the violations and excesses report issued by the supervisory authorities or to the violations for which it had issued penalties against the company for the financial year ended 31 December 2016 (if any).
Approving the recommendation of the Board of Directors not to distribute any dividends to shareholders for the financial year ended 31 December 2016.
Approving the recommendation of the Board of Directors not to pay any remunerationfor the Board members for the financial year ended 31 December 2016.
Approving the transfer of 10% (ten percent) of the profit for the year for distribution to the statutory reserve of KD 501,624 (five hundred and one thousand six hundred and twenty four Kuwaiti Dinars).
Approving the transfer of 10% (ten percent) of the profit for the year for distribution to the voluntary reserve of KD 501,624 (five hundred and one thousand six hundred and twenty four Kuwaiti Dinars).
Delegating the Board of Directors to buy or sell the Company's shares not to exceed 10% of the number of its shares in accordance with the provisions of Law No. (7) of 2010, its Executive Regulations and their amendments.
Approving the Company's transactions with relevant parties during the financial year ended 31 December 2016 and delegating the Board of Directors to deal with relevant parties.
Releasing and discharging the members of the Board of Directors in respect of their financial and legal actions for the financial year ended 31 December 2016.
Appointing or reappointing the auditor within the approved list of auditors at the Capital Markets Authority, subject to the mandatory change period, for the financial year ended 31 December 2017, and delegating the Board of Directors to determine his fees.

Board of Directors Meeting

The Board of Directors of Kuwait Real Estate Company met on 23 March 2017 and approved the consolidated financial statements for the year ended 31 December 2016, the key financial indicators in which were the following:

A net profit of KD 4.8 million was achieved compared to a profit of KD4.2 million in 2015, with earnings per share of 5.32 Fils compared to 4.69 Fils in 2015, with an increase of 13.4%
Rent revenues rose by 18% to KD 16.1 million against KD13.6 million in 2015.
The Company’s assets rose by 7.7% to KD 253 million compared to KD 235 million in 2015.
Operating expenses declined from KD 9 million to KD 7.7 million.
Shareholders’ equity rose to KD 131.9 million in 2016 compared to KD 127.2 million in 2015. As a result, the book value per share rose to 145 Fils.
The Board of Directors recommended that no dividends be distributed for the year 2016. This recommendation is subject to approved by the official authorities and the general assembly of the Company

Board of Directors of Kuwait Real Estate Company will hold a board meeting on 23/03/2017 to discuss financial results of 31/12/2016.

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Thursday 23/03/2017 at 12:30 pm to discuss the Company's financial statements for the year ended as of 31/12/2016

Kuwait Real Estate Company (AQARAT) announces the completion of purchasing assets of a deal worth US $ 17 million

Kuwait Real Estate Company announces the completion of purchasing assets of a deal worth US $ 17 million which acquired 51% of IFA Hotels and Resorts - Lebanon valued at US $ 11.2 million, also owns the proportion of 5.8% of YOTEL Investment Company Limited - worth US $ 5.8 million from a related party.

This settlement will lead to increase the share of Kuwait Real Estate Company in IFA Hotels and Resorts - Lebanon from 49% to 100% and will consolidate IFA Hotels and Resorts - Lebanon, as a fully owned subsidiary of Kuwait Real Estate at the end of fiscal year 2016.

Aqarat Sells Apartment Complex in California At Record Breaking Per Unit Per Square Foot Pricing

AQARAT (Kuwait Real Estate Company KPSC) has announced the sale of 2537 Fulton Street, a student housing development in Berkeley, California. The property sold for $3,825.000 or $478,125 per unit and $590.37 per square foot. Both the price per unit and the price per foot are likely records for apartments in Berkeley built before 2000 and over 5 units. The CAP rate was approximately 5.19 percent with a Gross Rental Multiplier of almost 13.56. CBRE’s East Bay Multifamily Team, led by Keith Manson, First Vice President, and Zachary Greenwood, Associate, represented both parties in the transaction.

“Student occupied assets continue to command strong rents. This is what helped get the sale to almost $500,000 per unit and $600 per square foot. Historically, these metrics are super aggressive. We brought an all cash buyer to the table that was able to close in 15 days,” commented Manson.

Fahad Al-Shamlan, Vice President- Investments and Acquisitions at AQARAT added, “Student housing has become an increasingly important asset class for AQARAT’s plans as we expand the U.S. portfolio. The strategy is beginning to yield profit as we exit some markets with the intention to enter others. The price escalation in the local Berkeley market made this an opportune time to divest of property, however, the company’s long standing history in California dates back decades and we are confident in uncovering additional profitable real estate opportunities within the market in the coming years.”

Located in South Berkeley, the asset is just four blocks from the University of California, Berkeley, and walking distance to all of Downtown Berkeley’s shops, restaurants and entertainment making this asset a prime option for student living.

2537 Fulton Street was built in 1968, and received a complete remodel in 2013, which included a seismic upgrade with permits and removal from Berkeley’s soft-story inventory list.

Guy Nesdale, Partner of Empire Square Group, AQARAT’s asset manager on the transaction, commented: “With a controlled, targeted and thoughtful marketing process, CBRE were able to source several buyers for us within just two weeks of relisting the property. “

Kuwait Real Estate Company sold one of its Real Estate portfolio assists.

Kuwait Real State Company sold one of its Real Estate portfolio located in the USA which is a student housing building.

The value of the deal 3.8 Million USD equivalent 1.16 Million KD. A profit of US $ 660,000, equivalent to KD 200,000 will be included in the Company's financial statements for the third quarter of 2016.

Annual Ghereish

Away from the pressures of work, Aqarat held its “Annual Ghereish” on the occasion of the Holy Month of Ramadan at Dar Al Hamad Restaurant.

This celebration was attended by the CEO, executive management as well as staff personnel. CEO, Emad Abdullah Al Essa congratulated the staff and expressed his hope that the Month of Ramadan would be a blessed and a successful one for all.

Invitation To Attend The Ordinary General Assembly Meeting for Year 2015

The Board of Directors of Kuwait Real Estate Company (K.S.C) (AQARAT) is pleased to invite the honorable shareholders to attend the Company’s Ordinary General Assembly Meeting, to be held at exactly 11:00 am. on Thursday 19/5/2016 at Salhia Hall – First Floor – J. W. Marriott Kuwait Hotel.

Agenda of ordinary general assembly For the fiscal year ended on 31st December 2015:

To listen to board of directors' report for the fiscal year ended on 31st December 2015 and approve it.
To listen to the report of the auditor for the fiscal year ended on 31st December 2015 and approve it.
To discuss the financial statements for the fiscal year ended on 31st December 2015 and approve them.
To inform the general assembly of the company's shareholders on the penalties and fines applied to the company by the regulatory bodies for the fiscal year ended on 31st December 2015, if any.
To approve the board of directors' recommendation not to distribute dividends to the shareholder for the fiscal year ended on 31st December 2015.
To approve the board of directors' recommendation not to distribute remunerations to the members of board of directors for the fiscal year ended on 31st December 2015.
To approve the transfer of 10% (ten percent) of the year's distributable profit to the statuary reserve amounting KD 444,132 (Kuwaiti Dinars four hundred forty four thousand, one hundred thirty two only)
To approve the transfer of 10% (ten percent) of the year's distributable profit to the voluntary reserve amounting KD 444,132 (Kuwaiti Dinars four hundred forty four thousand, one hundred thirty two only)
To authorize the board of directors to buy and sell the company's shares at no more than 10% of its shares in accordance to the articles of law no. 7 of 2010 and its executive bylaws as amended.
To approve the company's transactions with related parties for the fiscal year ended on 31st December 2015 and authorize the board of directors to deal with related parties.
To release and discharge the members of board of directors with respect to their financial and legal acts for the fiscal year ended on 31st December 2015
To appoint or reappoint the company's auditors for the fiscal year ended on 31st December 2016 and authorize the board of directors to determine their fees.

Final phases of “Souq Al-Kuwait” building development

Kuwait Real Estate Company (AQARAT) announced the start of final phases of “Souq Al-Kuwait” building development. AQARAT emphasized that these developments will bring a change to the building’s aesthetic landscape, tenants’ background and the complex’ visitors. The renovation works intend to redevelop the property while maintaining the original structure of the complex. Souk Al Kuwait, with its modern structure and design is at the very entrance of Souq Mubarikiya and offers an exciting shopping and entertainment experience for the visitors and tenants all through the year due to the complex’s closed and 24 hour air-conditioned nature.

With prudent policies set by the executive management, Kuwait Real Estate Company (AQARAT) managed to improve quality of services it offers. The company has taken into consideration the nature of local community and requirements of tenants within an appropriate environment that preserves Souq Al Kuwait as a prime landmark and central building in Mubarikiya area. The renovation works have been phased out to ensure continuity of smooth shopping within the complex. The renovation program is primarily focused on adding services, replacement of lifts, escalators, facades and aluminum, refurbishment of public utilities, and providing largest possible number of parking slots to ensure easy access and exit in the areas and offer suitable environment for visiting tourists.

Upon completion of renovation and development activities, which is expected by the end of this year, the Complex will be a rejuvenated attraction for local shoppers and tourists as the complex hosts a variety of retail stores and a number of local and international restaurant and café brands such as GIA, Costa and others that will be announced in due course.

The second branch of GIA Restaurant was opened recently. It is a new concept restaurant patronized by Kuwaiti youth and has attracted clients thanks to its unique menu and distinct fresh style in providing its services. GIA most distinctive feature is the restaurant design that brings you a sense of neighborhoods in the USA or Europe, in addition to modern atmosphere offering enjoyment and relaxation at the same time.

Complete Acquisition of Al-Fareej International Real Estate Company

Kuwait Real Estate Company (AQARAT) completed the acquisition of Al-Fareej International Real Estate Company (owner of Arabella Entertainment Complex – Bida’a) through a transaction valued at 13.7 Million Kuwaiti Dinars. Hence, Kuwait Real Estate Company (AQARAT), in addition to being the owner of the property, will now own the complex as well. We expect to realize annual rental revenue of KD 3.2 Million effective 1st quarter 2016 from this project.

Reschedule of Credit Facilities and Increase of Credit Limit

Kuwait Real Estate Company (AQARAT) has concluded an agreement with Boubyan Bank to restructure its credit facilities and increase the credit limit granted by the bank. This agreement resulted in an increase in the credit limit from KD 22.625 to KD 33 Million, in addition to a grace period to settle the credit facilities’ installments until June 2018 at 2.25% above Kuwait Central Bank discount rate.

Sale of Real Estate At Sharq District

Kuwait Real Estate Company (AQARAT) sold two of its properties located in Sharq district - Capital, at a value of KD. 8.75 Million (Eight Million Seven Hundred Fifty Thousand Kuwaiti Dinars). The company’s CEO Mr. Emad Abdullah Al-Essa stated that: “This transaction comes in line with well-studied and already announced policies of the company. This transaction has resulted in a profit of KD. 1.850 Million (One Million Eight Hundred Fifty Thousand Kuwaiti Dinars), which will be reflected in the financial statements for the 4th quarter of year 2015, he added.

Kuwait Real Estate Company profit reached to KD 2.8 million

Kuwait Real Estate Company announced that it’s profit reached KD 2.8 Million for the 9 months ended 30/09/2015

Board of Directors of Kuwait Real Estate Company holds a board meeting

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Thursday 06-08-2015 at 12:30 pm to discuss the Company's interim financial statements for the period ended At 30-06-2015

Kuwait Real Estate Company profit reached to KD 2.3 million

Kuwait Real Estate Company announced that it’s profit reached KD 2.3 Million for the 6 months ended 30/06/2015

Board of Directors of Kuwait Real Estate Company holds a board meeting

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Thursday 06-08-2015 at 12:30 pm to discuss the Company's interim financial statements for the period ended At 30-06-2015

Kuwait Real Estate Company Reforming its Board of Directors

Based on the Ordinary General Assembly Meeting held on 2-4-2015 in which the Board of Directors was elected, the Board of Directors was formed as follows:-

Mr. Ibrahim Saleh Al- Tharban – Chairman
Mr. Essam Mohamed Abdulrahman AL- Bahar - Vice Chairman
Mr. Othman Ahmad Al- Sumait – Board Member
Mr. Mashari Abdullah AL- Abdulaziz Al- Dakheel – Board Member
Mr. Ahmad Faisal Al- Qatami – Board Member
Mr. Khaled Saeed Esbitah – Board Member – representative of Marasi AL- Ofoq General Trading & Contracting Co
Mr. Mashari Ahmad Dahi Al- Ajeel – Board Member – Representative of Manarat Al- Ofoq Real Estate Co.
Mr. Marzouq Jassim Mohamed AL- Bahar – Board Member – Representative of Asjad AL- Kuwait Co.

Kuwait Real Estate Company profit reached to KD 1.4 million

Kuwait Real Estate Company announced that it’s profit reached KD 1.4 Million for the 3 months ended 31/03/2015

Board of Directors of Kuwait Real Estate Company holds a board meeting on 14-05-2015 to discuss financial results of 31-03-2015.

Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Thursday 14-05-2015 at 12:30 pm to discuss the Company's interim financial statements for the period ended At 31-03-2015.

Kuwait Real Estate Company dividends distributing effective 13/04/2015

Kuwait Real Estate Company announced that it will commence distribution of cash dividends of 5% to registered shareholders in the AGM dated 2-4-2015 at Kuwait Clearing Company – Ahmed Tower effective from Monday 13/04/2015

The Board of Directors Of Kuwait Real Estate Company recommends distributing of 5% Cash dividends for year 2014

The Board of Directors for Kuwait Real Estate Company recommended distribution of 5% Cash dividends for year 2014 during the AGM Meeting held on 02/04/2015

Invitation To Attend The Ordinary General Assembly Meeting for Year 2014

The Board of Directors of Kuwait Real Estate Company (K.S.C) (AQARAT) is pleased to invite the honorable shareholders to attend the Company’s Ordinary General Assembly Meeting, to be held at exactly 11:00 am. on Thursday 2/4/2015 at Salhia Hall – First Floor – J. W. Marriott Kuwait Hotel.

To look into the following work agenda:

To hear the report of the Board of Directors for the fiscal year ended on 31st December 2014, and endorse it.
To hear the report of the Auditors for the fiscal year ended on 31st December 2014, and endorse it.
To discuss the financial statements for the fiscal year ended on 31st December 2014, and endorse them.
To report to the General Assembly of the Company’s shareholders the penalties and violations that were imposed on the Company by the regulatory authorities for the fiscal year ended on 31st December 2014.
To approve the Board of Directors’ recommendation to distribute cash dividends at the rate of 5% (5 Fils per share) for the shareholders recorded in the Company’s registers on the date of holding the General Assembly.
To approve the Board of Directors’ recommendation to pay the remuneration of the Board’s members amounting to KD. 70,000/- for the fiscal year ended on 31st December 2014.
To authorize the Board of Directors to buy or sell the company’s shares provided that it does not to exceed 10% of its total shares in accordance with the text of Article (175) of Law No. (25) of year 2012 and the directives of Capital Markets Authority with respect to regulating the purchase of the shareholding companies to their shares (treasury shares) and the means of using and disposing of such shares No. (Ha’.Alef. Meem./Qaf. Ta’. Alef./Ta’. Sheen/6/2014).
To approve the Company\'s dealings with the related parties which were concluded during the fiscal year ended on 31st December 2014, and also the dealings that will be concluded.
To release and acquit the Board’s members with respect to their financial and legal actions for the fiscal year ended on 31st December 2014.
To elect the members of the new Board of Directors for the coming three years.
To appoint or reappoint the Company’s Auditors for the fiscal year to be ended on 31st December 2015, and authorize the Board of Directors to determine their fees.

As such, the shareholders desiring to receive the attendance invitation card or the proxy are kindly requested to refer to Kuwait Clearing Company – Ahmad Tower Building – Arabian Gulf Street near Amiri Hospital – Fifth Floor, during the official working hours.

For inquiry kindly contact telephone Nos.: 22464585 - 22464565

AQARAT achieves KD 7.1 m profit for year 2014

Kuwait Real Estate Company KPSC (AQARAT) achieved a profit of KD 7.1 m for the year 2014 as compared to profit of KD 6.7 million achieved in year 2013. The Earnings per Share (EPS) increased to 7.8 Fils in fiscal year 2014; from 7.4 Fils in 2013, an increase of 6%.

Furthermore, the Shareholders’ equity improved to KD 126 million as compared to KD 124 million in 2013. Resultant, the book value of the share has increased to 140 Fils per share in 2014 as compared to 137 Fils in the year before.

The improved financial performance is the result of implementing the company’s new strategy, and in line with ambitious plans of the Board of Directors, which made this announcement following it’s meeting on Thursday, February 19, 2015 in which the members recommended distribution of a cash dividend of 5% from the profits of year 2014.

The Board Chairman, Mr. Ibrahim Saleh Al-Tharban made the following statement after the meeting: “By the grace of God, our company realized a profit of KD 7.1 million in the year 2014, due to the tremendous efforts of the company’s employees and continuous implementation of company’s strategy with focus on maximizing annual profits, which would benefit our esteemed shareholders. Consequently, the Board recommended distribution of a cash dividend of 5%.’’

Mr. Al-Tharban highlighted that Kuwait Real Estate Company is a significant and esteemed Kuwaiti firm operating in the field of real estate. “We have expanded our real estate activities and initiated new real estate investments resulting in our property assets increasing to KD 142 million in 2014. Real estate is regarded as a superlative investment with minimal risks and superior returns. We have also sustained our efforts to renew and develop our proprietary investments and B.O.T. projects”

“Moreover, we look forward to carry on implementing our strategy and envision it bearing fruits in the coming years”, he added.

AQARAT 75 Million Dinars Facilities from AL-AHLI United Bank

Kuwait Real Estate Company (AQARAT) announced signing an agreement to obtain credit facilities from Al-Ahli United Bank amounting to 75 Million (Seventy Five Million Kuwaiti Dinars) with annual interest ranging between 1.75% and 2.4% above the discount rate of the Central Bank, provided that settlement of these facilities to be concluded in year 2020. It is expected that the impact of these facilities will become noticeable as of the first quarter of year 2015AD.

Chairman of the Company - Mr./ Ibrahim Saleh Al-Tharban, commented on this matter by saying: “ The rescheduling agreement goes in line with the business plan set out by Company and also the schedules for repaying its debts. He pointed out that this agreement confirms the quality of assets in the hands of Kuwait Real Estate Company (AQARAT) and also the stable cash-flow they are generating, while the agreement grants the Company the opportunity to fulfill the plan of developing its major projects, expanding its real estate activity, and entering into new well-studied projects yielding good returns”.

Executive Officer of the Company - Mr./ Emad Al-Essa said: “Kuwait Real Estate Company (AQARAT) has carried on with implementing its future strategy. Lately, we started revamping the government BOT projects awarded to the Company for the coming ten years, by means of adopting comprehensive plan to refurbish both Kuwait Souk and Grand Souk buildings thus have new appearance in line with the developments of the modern era. Moreover, the Company has exited from “Reem Center Complex“ at Salmiya district thus benefited from the prevailing price rise in the real estate market, in addition to purchasing a land at Beda district which holds Arabilla Entertainment Complex owned by the Company, with total area of 13 Thousand square meters.

On the regional and international levels, the Company is working on selecting the best investment opportunities to expand its portfolio in each of: United Arab Emirates, United Kingdom and United States of American by means of exiting from some investments with good yield then reinvest these money sums in futuristic promising opportunities. Therefore, the Company is studying several opportunities in Dubai city to expand its portfolio of projects existing at present in this city. Besides, we announced investing in Ashbourne Beech Company at the city of London, and embarking on a study to enlarge the spread of Yotel Hotels chain in America following our success in publicizing the name in New York city”.

Mr./ Al-Tharban concluded his statement by saying: “Kuwait Real Estate Company (AQARAT) is known for coming up with investment products of high returns. The Company’s management is working diligently on devising a well-thought of and promising future that would ensure continuity and success for the Company and its shareholders”.

Aria Development Group and AQARAT Announce New Downtown Miami Mixed-Use Project

Aria Development Group, together with AQARAT, announced its latest development in the heart of Downtown Miami's bourgeoning urban core. The mixed-use project, set to open in 2017, will feature luxury apartments and Miami's first YOTEL hotel. Aria Development Group, a New York and Miami-based real estate investment and development company, closed on a joint venture agreement with AQARAT, one of Kuwait's leading real estate companies, to develop the elegant tower. The joint venture was arranged by New York-based private equity firm Empire Square Group. Downtown is ripe for an exciting urban lifestyle with the addition of the Perez Art Museum, the Arsht Center, an emerging restaurant scene, a new Whole Foods and the Bloomingdale's-anchored Miami World Center, all within walking distance.

YOTEL delivers affordable luxury without the clutter through smart spaces, providing everything for a guest to relax, refresh, sleep and connect. The hotel will feature 250 cabins and state-of-the-art guest facilities including a hip restaurant and bar, pool deck and gym.

Aria Development Group also envisions luxury residential units located on the upper floors. Above the bustle of the city, each resident will have the choice of enjoying a tranquil urban retreat or popping by the hotel pool deck to meet friends for a drink.

"Downtown Miami is emerging as a high-energy place to live, shop and work," said David Arditi, Principal of Aria Development Group. "There is strong demand for urban-chic residential apartments, and Miami's appeal as an international destination is at an all-time high. The YOTEL brand, with distribution in New York, London, Singapore, Paris and San Francisco is a perfect fit for Downtown Miami." Fahad H. Al-Shamlan, Investment & Acquisitions Manager of AQARAT, commented: "Miami's urban core is currently undergoing an exciting transformation, making the area perfect for this kind of mixed-use development. YOTEL Miami will bring a unique hospitality experience to South Florida."

"Aria Development Group has an impressive track record in Miami, and we are delighted they have selected YOTEL to operate their latest project. It is a testament to YOTEL's successful business model and an important step in our expansion strategy in the U.S.," said Yotel's CEO Hubert Viriot. "We look forward to launching our brand in Miami, one of North America's best known tourist destinations and a hub to Latin America. Downtown is the ideal location for YOTEL, providing excellent accessibility and an exciting urban lifestyle."

The announcement comes at the heels of Aria Development Group's acclaimed development 321 Ocean, a beachfront condominium located on the sand in the exclusive South Beach enclave known as South of Fifth.

Details for the residential component at 227 NE Second Street will be revealed in late Spring 2015.

AQARAT Realizes 3.3 Million Kuwaiti Dinars Profit from The Sale of Reem Center in Salmiyah

Kuwait Real Estate Company (AQARAT) announced that it has finalized signing the sale contract of an investment property it owns, being 2,165 square meters, in Salmiya district for a total value of 4.8 Million Kuwaiti Dinars.

Mr./ Ibrahim Saleh Al-Tharban – Chairman of the Company said: “In light of the growing activities of selling and buying which Kuwait real estate market is experiencing, and in implementation of the Company’s strategy as approved by the Board of Directors, a building owned by the Company in Salmiya district (Reem Complex Center) was sold to benefit from the high prices in the market, which resulted in net profit of 3.3 Million Kuwaiti Dinars”.

Mr./ Al-Tharban added: “This comes within our endeavors to move forward with new plans, through which we are keen on meeting the expectations of our shareholders by enhancing the Company’s liquidity and utilizing it for new investments and services that would generate beneficial added value and attractive returns for the Company. Today “Aqarat“ is working on developing and constructing new projects in line with the market needs and requirements. At the same time, it is working on renewing its old prestigious assets situated at strategic locations so as to symbolize its permanent legacy. We are certain that these developments will appeal to our shareholders and satisfy our tenants.

AQARAT Expands Its Real Estate Activity By Purchasing A Land With Area of 11,440 Square Meters

Kuwait Real Estate Company (AQARAT) concluded a purchase deal for land with area of 11,440 square meters in Beda District – Coastal Strip, at a value of KD. 25,500,000/-

On this occasion, Mr./ Ibrahim Saleh Al-Tharban – Chairman & Managing Director of “ Aqarat “ Company said: “ Beda district has witnessed noticeable increase in land prices during the past years, same as the other districts in Kuwait, mainly because of the rising demand while supply is scarce, the matter which prompted the Company to negotiate with the landlord purchasing it instead of leasing it on Build - Operate - Transfer (BOT) basis”.

From his side, Mr./ Emad Abdullah Al-Essa – Executive Director of the Company said: “This investment comes in implementation of the Company’s strategy of expanding its real estate portfolio, and seeking to strengthen and support the Company’s domestic investments. On this land, an entertainment edifice was built which consists of (34) units, leased completely, being modern and classical restaurants and cafés enjoying international and regional trademarks, this in collaboration with our strategic partner Al-Musharji Food Catering Company. This project is considered among the most successful projects in the State of Kuwait, where all its units were leased within less than one year. Besides, Arabella Complex is deemed one of the largest complexes at that zone and is unique for overlooking the sea, in addition to its beautiful design and the diversity of its facilities”.

Mr./ Al-Essa added: “ As a Kuwaiti shareholding company since year 1972, Kuwait Real Estate Company (AQARAT) is considered one of the leading companies in the country in the fields of real estate and investment. At present, the Company’s business focuses on real estate activities in various domains. Domestically, its business is represented in its properties such as Al-Marzouq Pearl Complex, Reqi Residential Complexes, Al-Fintas Complexes and others. On the regional level, it is represented through its investments in Bahrain, United Arab Emirates and Egypt. On the international level, it is represented in the United States of American and United Kingdom. Aqarat Company continues expanding its strategic vision in order to realize the interests of its clients and investors, and it shall have additional activities in the near future which will be announced in time.

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