Mena Real Estate Company (K.S.C) is a Kuwait-based company that operates in the real estate sector. The company provides real estate development services and Sharia-compliant investment products in Kuwait and abroad. It is active in land purchase, sale, reclamation, development, and property management.
Here are some key points to note about Mena Real Estate Company (K.S.C):
- The company was incorporated in 2004, and its shares have been publicly traded since 2008 on the Kuwait Stock Exchange.
- Mena Real Estate Company (K.S.C) is headquartered in Safat, Kuwait.
- The company is involved in providing real estate investment products and services. It purchases, sells, and develops real estate and land in Kuwait and abroad.
- Mena Real Estate Company (K.S.C) also provides real estate advisory services for establishing and managing various companies and projects locally, regionally, and internationally.
- Website: http://www.mena-realestate.com/
- Contact Information: +965 2245670
Overall, Mena Real Estate Company (K.S.C) is an established player in the real estate sector in Kuwait and beyond. With its focus on real estate development and investment, the company is well-positioned to capitalize on opportunities in the industry.
Company Overview
About the Company
Mena Real Estate Company (K.S.C) is a Kuwaiti closed shareholding company specializing in investment products and services. It purchases, sells, and develops real estate and land in Kuwait and abroad. The company is headquartered in Kuwait City and has subsidiaries in various countries.
Establishment and Growth
Mena Real Estate Company was founded in 2004, and its shares have been publicly traded since 2008 on the Kuwait Stock Exchange. The company has grown significantly and currently has over 100 employees.
Mena Real Estate Co KSCP
Mena Real Estate Co KSCP is the company’s official name, and it is led by a Chief Executive Officer (CEO) who oversees the company’s day-to-day operations. The company has a strong presence in Kuwait and has been involved in several major real estate projects in the country, including developing residential and commercial properties.
Here are some key points to keep in mind about Mena Real Estate Company:
- Founded in 2004
- Publicly traded since 2008 on the Kuwait Stock Exchange
- Headquartered in Kuwait City
- Has subsidiaries in various countries
- Employs over 100 people
- Led by a CEO
- Specializes in real estate investment products and services
- Involved in several major real estate projects in Kuwait
Overall, Mena Real Estate Company is a well-established and reputable company in the real estate industry, with a strong presence in Kuwait and a growing international presence.
Financial Performance
Market Capitalization
Mena Real Estate Company (K.S.C) is publicly traded on the Kuwait Stock Exchange. As of January 9th, 2024, the company’s market capitalization is $39.3 million.
Revenue and Profitability
Mena Real Estate Company (K.S.C) reported a revenue of $167,556 in the last fiscal year. The net income and EBITDA for the same period were unavailable in the search results.
Stock Performance
Mena Real Estate Company (K.S.C) stock is on the Kuwait Stock Exchange under the MENA ticker. The stock price has fluctuated in the past year, with a high of $0.05 and a low of $0.03. As of January 9th, 2024, the stock price is $0.03.
- The stock has seen a decrease of 6.60% in the last day.
- The company’s stock is a part of the Global Dow Real Estate/Construction index.
Mena Real Estate Company (K.S.C) has 1.31 billion shares outstanding, with a current dividend yield of 0%. The company’s assets and debt are $23 million and $0.6 million, respectively.
Valuation
The price-to-earnings ratio (P/E ratio) for Mena Real Estate Company (K.S.C) is not available in the search results.
- The company’s price-to-sales ratio (P/S ratio) is 235.06.
- The company’s price-to-book ratio (P/B ratio) is 0.28.
Mena Real Estate Company (K.S.C) is a small-cap real estate company that operates in Kuwait. The company’s financial performance has been modest, and the stock price has fluctuated in the past year. However, the company’s total assets and total debt are relatively low, which may indicate financial stability.
Real Estate Operations
Development Services
Mena Real Estate Company (K.S.C) provides various real estate development services, including land purchase, reclamation, and residential, commercial, and industrial development. The company’s experienced professionals ensure that all projects are completed on time while adhering to the highest quality standards.
Investment and Management
Mena Real Estate Company (K.S.C) offers a variety of real estate investment products, both Sharia-compliant and conventional, to meet the diverse needs of its investors. The company’s investment team has extensive experience in the real estate industry and focuses on identifying attractive investment opportunities that offer strong returns. It also provides property management services to ensure its properties are well-maintained and managed to the highest standards.
Property Portfolio
Mena Real Estate Company (K.S.C) has a diverse residential, commercial, and industrial property portfolio. The company’s properties are in Kuwait and abroad and are managed to the highest standards to ensure they continue providing value to investors.
Some of the critical entities relevant to Mena Real Estate Company (K.S.C)’s real estate operations include:
- Real Estate Development: The company’s experienced professionals focus on delivering innovative and sustainable solutions.
- Management: The company provides services to maintain and manage its projects to the highest standards.
- Investment: Mena Real Estate Company (K.S.C) offers real estate investment products, both Sharia-compliant and conventional, to meet the diverse needs of its investors.
- Properties: The company has a diverse residential, commercial, and industrial portfolio.
- Real Estate Projects: The company commits to developing innovative and sustainable solutions that meet clients’ needs.
- Land Purchase: The company purchases land to develop residential, commercial, and industrial properties.
- Reclamation: The company engages in land reclamation for development purposes.
Strategic Business Units
Mena Real Estate Company (K.S.C) has a diverse portfolio of strategic business units contributing to its growth and success. These business units are divided into subsidiary companies and diversified investments.
Subsidiary Companies
Mena Real Estate Company (K.S.C) has several subsidiary companies operating in different real estate industry sectors. These companies include:
- Monshaat Real Estate Development Co Bscc: A subsidiary company that specializes in real estate development projects in Kuwait and the MENA region.
- Gdrec Real Estate Projects Company Wll: A subsidiary company that focuses on real estate project management and consultancy services.
These subsidiary companies enable Mena Real Estate Company (K.S.C) to expand its reach and expertise in the real estate industry while diversifying its revenue streams.
Diversified Investments
Mena Real Estate Company (K.S.C) also has diversified investments in various sectors such as:
- Management of Hotels: Mena Real Estate Company (K.S.C) manages several hotels in Kuwait and the MENA region, providing its customers with various hospitality services.
- Touristic and Health Resorts: Mena Real Estate Company (K.S.C) has invested in several touristic and health resorts, catering to the growing demand for leisure and wellness services in the region.
- Entertainment and Sports Projects: Mena Real Estate Company (K.S.C) has invested in several entertainment and sports projects, providing state-of-the-art facilities and services to its customers.
These diversified investments allow Mena Real Estate Company (K.S.C) to tap into new markets and industries while generating additional revenue streams.
In summary, Mena Real Estate Company (K.S.C) has a diverse portfolio of strategic business units that enable it to grow and succeed in the real estate industry. Its subsidiary companies and diversified investments provide its customers various services and products while expanding its reach and expertise in different industry sectors.
Industry Engagement
Market Trends
Mena Real Estate Company (K.S.C) has been in the real estate sector for several years, keeping up with the latest market trends. They have been following the industry’s trend towards sustainable and eco-friendly construction practices, which is becoming increasingly popular among consumers. The company has also invested in various real estate funds to diversify its portfolio.
Regulatory Environment
Mena Real Estate Company (K.S.C) closely follows the regulatory environment in Kuwait and abroad. They have been keeping up with the latest regulations regarding the trade of construction materials and ensuring that their projects comply with the law.
Community Involvement
Mena Real Estate Company (K.S.C) has been active in the community and has participated in various real estate exhibitions and auctions. The company has been supporting multiple charitable organizations and contributing to the development of the local community. They have also conducted better real estate studies to understand clients’ needs and preferences.
Some of how Mena Real Estate Company (K.S.C) has been engaging with the industry and community include:
- Investing in various real estate funds to diversify their portfolio
- Following the trend towards sustainable and eco-friendly construction practices
- Offering real estate advisory services to help clients navigate the complex regulatory environment
- Participating in various real estate exhibitions and auctions
- Conducting real estate studies better to understand the needs and preferences of their clients
Overall, Mena Real Estate Company (K.S.C) has been actively engaging with the industry and community and keeping up with the latest market trends and regulations.
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Frequently Asked Questions
What types of real estate projects does Mena Real Estate Company specialize in?
- Mena Real Estate Company specializes in commercial, residential, and industrial projects.
- Their portfolio includes high-end luxury apartments, office buildings, shopping malls, and warehouses.
Can foreign investors purchase properties developed by Mena Real Estate Company?
- Yes, foreign investors can purchase properties developed by Mena Real Estate Company.
What are the latest development projects by Mena Real Estate Company?
- Mena Real Estate Company has recently completed several high-profile projects, including the Al Hamra Business Tower and the Al Hamra Luxury Center.
How does Mena Real Estate Company ensure the sustainability of its developments?
- Mena Real Estate Company commits to sustainability and takes a holistic approach to development.
- The company uses green building practices and technologies to reduce energy consumption, minimize waste, and conserve natural resources.
- They also prioritize renewable energy sources and implement water conservation measures.
