Munshaat Real Estate projects Co. (K.S.C.C)

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.

Incorporation

Munshaat Real Estate projects Co. (K.S.C.C) was established on the 8th of April 2003, with a current paid up capital of KD 32.2 Million, divided into 322 Million shares, by its main founders AREF investment Group and The International Leasing and investment Company (ILIC).

Company Vision

The vision of the company is to emerge as a leading Shari'a compliant Real Estate Development & Investment Company in the State of Kuwait and wider Islamic World. Believing that integration is the right path to remarkable achievement, the company provides unique investment solutions.

Core Business

The activities of Munshaat mainly focus on the local and international Real Estate industry through the professional development and management of real estate products, managed in a professional and specialized manner targeting lucrative and non-traditional markets and employing the best investment tools which comply with the Islamic essential, in addition contributing in the investment projects through B.O.T basis.

Purposes

To own, sell, buy, and develop real estate properties and lands for its own interest • inside the State of Kuwait and overseas. Third party property management in non-contradiction with the applicable laws prohibiting the trading in private housing plots as set forth by such laws.

• To own and trade in the Real Estate stock market, for its own interest only inside and outside the State of Kuwait.
• To prepare studies and provide Real Estate consultancy services of all types, provided that the real estate researchers and consultants should meet the required conditions.
• To own, manage, rent, and lease hotels, health clubs, and tourist facilities.
• To provide the maintenance service for company-owned building and properties: including civil, mechanical, electrical, elevators, and air conditioning services in a manner that ensure the safety and integrity of such buildings and properties.
• To manage, operate, invest, rent and lease hotels, health, clubs, motels, accommodation facilities, parks, exhibition halls, restaurants, cafeterias, residential complexes, tourist, and health resorts, recreational and sports projects, and shops of all classes and levels including all basic and supplementary services together with all annexed utilities and other necessary services.
• To organize the Real Estate property exhibitions related to its real estate projects according to the rules and regulations applicable by the Ministry.
• To organize the real estate auctions according to the rules and regulations applicable by the Ministry.
• To own and manage malls and residential complexes.
• To establish and manage real estate investment funds subject to the approval of the Central Bank of Kuwait.
• To invest its excess funds in financial and real estate portfolios, to be managed by specialized and experienced companies.