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Land United Real Estate Company K.S.C. (Closed) (Kuwait)

Main Activities: Real Estate Property Managers
Full name: Land United Real Estate Company K.S.C. (Closed) Profile Updated: February 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

The Company is Carrying out various real estate business, including buying and selling land and real estate, leasing properties, and managing operations and maintenance of real estate owned by the company and clients, as well as investing in shares of real estate projects and investment portfolios managed by specialized managers. The company also specializes in preparing studies and providing consultations in real estate fields of all kinds. The company also specializes in the completion of infrastructure works for residential projects The company is committed to carrying out all its business in accordance with the principles and provisions of the Islamic Sharia.
The authorized and paid up Capital currently is KD 15M consisting of 150M shares with par value of Fils 100 each. The company is specialized in real estate investments, locally and internationally, in high secure assets class. Land RE diligently controls its exposure to risk, so it can stay confident that its investments are secure. The Company is a leading real estate and property developer with a proven track record of delivering high quality, residential and commercial assets. The Company mandate was to build a portfolio of developments that offer long-term investment in the real estate market. The Company is primarily engaged in the sale and purchase of properties, managing real estates, and developing land and properties in the MENA region and Europe. The Company generates its income primarily through generates of assets across the MENA region, Spain and the United Kingdom. The company is selective in developing its projects in accordance with the market requirements and demands. The Company owns developed assets across the GCC and Europe and has developed community projects such as Housing association, Student accommodations within United Kingdom and Residential villas in Marbella, Spain .
The Company s Vision is to be known as a trusted, integrated real estate solutions by creating value for shareholders and society, Maintaining the highest quality standards and business practices, teamwork and by keeping its customers' needs paramount.
The Company s Mission is to surpass expectations in every aspect, consistently deliver high quality and constantly improve and innovate to provide value for money solutions to its customers.
The Company s Commitment ; The Company shareholders and management demonstrate long-term commitment to the growth and sustainable development of the company, its employees and all stakeholders by investing time, effort and capital.
The Company investment philosophy is highly selective and identifies and nurtures investment opportunities that contribute to the economic potential, consistent with its professionalism and values.
The Company's Businesses ; Real Estate Development, Project Management, Property Management, Real Estate Research, Real Estate Brokerage.
The Company's Core Values are Ethical and transparent, Trustworthy and reliable, Quality and Value conscious, To be environmentally friendly, wherever we operate, To conduct business with the highest ethical standards, To exceed customer expectations, To build a business environment based on teamwork, excellence and mutual respect, To deliver maximum value for money to customers and the best financial results to stakeholders
The Company strong track record was earned through its ability to make informed decisions and capitalize on potential business opportunities. With a distinct focus on creating mutually beneficial solutions, the group has established long-term relationships based on honesty, trust, respect and achievements within all of its business entities.
The company was established on 25 August, 2003.
The Company was registed under the registration no. 95829 in July 23, 2008.
The Company was listed on 22 August, 2021 on Kuwait stock exchange.

Headquarters
Salmiya, Salem Al Mubarak Street, 8 Mall, 6Th Floor, Block 2, Building 21/22, P.O Box 1010 Dasman
Salmiya; Hawalli Governorate; Postal Code: 15461

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Website: http://www.land.com.kw

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2003
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
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Chief Financial Officer
Ownership Details
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13.21%
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13.16%
Company Performance
Financial values in the chart are available after Land United Real Estate Company K.S.C. (Closed) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KWD. Absolute financial data is included in the purchased report.
Net sales revenue
16.14%
Total operating revenue
16.14%
Operating profit (EBIT)
23.27%
Net Profit (Loss) for the Period
429.79%
Total assets
-2.32%
Total equity
-4.31%
Operating Profit Margin (ROS)
4.41%
Net Profit Margin
10.81%
Return on Equity (ROE)
1.2%
Debt to Equity Ratio
8.69%
Quick Ratio
-0%
Cash Ratio
0%

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