Latest News
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Extraordinary General Assembly (postponded) – Kuwait Real Estate Company.
2018/07/05Kuwait 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%,
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Kuwait Real Estate Company signed a contract with bank in the United Arab Emirates.
2018/05/24Kuwait Real Estate Company signed a contract with bank in the United Arab Emirates with a total amount of 45 million dirhams
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Aqarat Voluntary non cash acquisition of IRC shares offer documents
2018/05/03Documents for the presentation of the non-cash acquisition on all the shares of the International Resorts Company
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Capital Market Authority approved to AQARAT to buy or Sell up to 10% of its shares.
2018/04/09Capital 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
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Kuwait Real Estate Company has expressed its desire to make an optional non-clash acquistion of the shares.
2018/03/15Kuwait Real Estate Company has expressed its desire to make an optional non-cash acquisition of the shares of the International Resorts Company
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Kuwait Real Estate Company (AQARAT) Exited one of its Associate Companies
2017/12/20Kuwait Real Estate Co. had exited from one of its Associate companies (ABC Real Estate Company), AQARAT was an owner of 50% of this company.
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Starwood Capital Invests in $250M in Micro-Hotel Chain Yotel
2017/09/27Starwood 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 first750
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Invitation To Attend The Ordinary General Assembly Meeting for Year 2016
2017/04/20The 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 Kuwait750
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Board of Directors Meeting
2017/03/23The 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 the750
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Kuwait Real Estate Company (AQARAT) announces the completion of purchasing assets of a deal worth US $ 17 million
2016/10/24Kuwait 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 related750
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AQARAT SELLS APARTMENT COMPLEX IN CALIFORNIA AT RECORD BREAKING PER UNIT AND PER SQUARE FOOT PRICING.
2016/06/29AQARAT SELLS APARTMENT COMPLEX IN CALIFORNIA AT RECORD BREAKING PER UNIT AND PER SQUARE FOOT750
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Annual Ghereish
2016/05/30Away from the pressures of work, Aqarat held its “Annual Ghereish” on the occasion of the Holy Month of Ramadan at Dar Al Hamad750
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Minutes of Ordinary General Meeting
2016/05/19Minutes of Ordinary General Meeting For the financial year ended 31 December750
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Invitation To Attend The Ordinary General Assembly Meeting for Year 2015
2016/05/01The 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 Kuwait750
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Final phases of “Souq Al-Kuwait” building development
2016/03/13Kuwait 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-conditioned750
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Complete Acquisition of Al-Fareej International Real Estate Company
2016/02/02Kuwait 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 this750
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Reschedule of Credit Facilities and Increase of Credit Limit
2016/01/25Kuwait 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 discount750
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Sale of Real Estate At Sharq District
2016/01/04Kuwait 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, he750
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Invitation To Attend The Ordinary General Assembly Meeting for Year 2014
2015/03/18The 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 Kuwait750
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AQARAT achieves KD 7.1 m profit for year 2014
2015/02/19Kuwait 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 of750
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AQARAT 75 Million Dinars Facilities from AL-AHLI United Bank
2015/01/21Kuwait 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 year750
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Aria Development Group and AQARAT Announce New Downtown Miami Mixed-Use Project
2014/12/18Aria 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 walking750
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AQARAT Realizes 3.3 Million Kuwaiti Dinars Profit from The Sale of Reem Center in Salmiyah
2014/11/02Kuwait 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 Kuwaiti750
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AQARAT Expands Its Real Estate Activity By Purchasing A Land With Area of 11,440 Square Meters
2014/09/29Kuwait 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.750
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