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United Real Estate Company (URC) is the leading real estate development company in the MENA region with a portfolio including commercial and retail centers, hospitality, residential developments, high rise office buildings, as well as mixed-use developments.
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United Real Estate Company (URC) is Kuwait’s leading diversified real estate company. Founded in 1973 and publicly traded since 1984, URC follows an integrated real estate services approach with development capabilities across the MENA region and a diverse regional investment portfolio.
URC held its General Assembly Meeting for the fiscal year ending December 31st 2016. Total operating profit increased by 17% compared to the previous year to reach KD 71 Million.
URC has announced a 39.17% acquisition in leading Kuwaiti building materials company, Insha’a Holding.
URC announced a net profit of KD 8.7 million in 2016, rising 2% compared with a profit of KD 8.5 million in 2015, while earnings per share stood at 8.1 fils.