Munshaat Real Estate Projects Co. (K.S.C.P)

About Munshaat

When proficiency integrates know-How, Munshaat will always be there when high professionalism becomes the output of Core-competences, Munshaat is certain to be the key to Distinct Real Estate Investment.

The Company’s Establishment

Munshaat Real Estate Projects Co. was founded on the 8th of April 2003; a Kuwaiti shareholding company listed in the Kuwait stock exchange market, and its current paid capital is 32.2 million Kuwaiti dinars divided into 322 million shares.

Vision

The Company seeks to reach a leadership position in real estate investment fields, through excellence and innovation in creating better tools and non-traditional real estate investment solutions that are compatible with the provisions of the Islamic Shar`ia.

The Company’s Activity

Munshaat Real Estate Projects Company’s activity focuses on the local and international real estate fields, and that is through developing products and real estate projects, managing them in a specialized systematic manner and targeting unconventional markets and projects by using the best innovative investment tools that comply with the Islamic Shar`ia, in addition to its contributions in investment projects using the Build–operate–transfer (B.O.T) system.

 

The Company’s Activity

• Owning, selling and purchasing real estates and lands as well as developing them inside and outside Kuwait, and also managing the properties of others.
• Owning, selling and purchasing real estate companies’ shares for the company only in Kuwait and abroad.
• Preparing studies and providing consultations in all real estate fields, provided that the conditions required in those who provide this service are met.
• Owning and managing hotels, health clubs and tourist facilities in addition to leasing and renting them.
• Carrying out maintenance work for buildings and real estates owned by the company, including maintenance work, the execution of civil, mechanical and electrical works, lifts and air conditioning works to ensure preservation of the buildings and their safety.
• Managing, operating, investing and renting hotels, clubs, motels, guest houses, rest stops, parks, gardens, exhibitions, restaurants, cafeterias, residential complexes, tourism and health products, recreational and sports projects, shops on various degrees and levels.
• Carrying out real estate auctions, according to the applicable regulations.
• Owning and managing commercial markets and residential complexes.
• Developing and managing the real estate investment funds prior to the approval of the Central Bank of Kuwait.
• Taking advantage of the company’s available surplus funds through investing them in financial and real estate portfolios managed by specialized companies.