United Real Estate Company General Assembly Elects New Board for 2025–2028

Jul 06 , 2025

United Real Estate Company (URC), the real estate arm of KIPCO Group, convened its Ordinary General Assembly meeting with a shareholder attendance rate of 79.6%. During the meeting, shareholders approved the election of the new Board of Directors for the upcoming term, comprising the following members:

•Sheikha / Bibi Naser Al Sabah - Non-Executive

•Abdulamir Qasem Jafar Ali - Independent

•Faisal A S ALAbdulRazzaq - Independent

•Al-Dhiyafa United R.E. Co. - Non-executive

•Al-Zad R.E. Co. - Non-executive

•Al Tadamon United Holding - Non-executive

•First North Africa R.E. Company - Non-executive

On this occasion, Sheikha Bibi Nasser Al-Sabah, Chairperson of URC, expressed her appreciation for the efforts of both the Board of Directors and Executive Management over the past years, noting that their positive performance has contributed to preserving shareholder rights, maintaining a solid financial position, and expanding the company’s asset portfolio. She emphasized that these achievements strengthen the company’s ability to deliver sustainable revenues and long-term value.

Following the General Assembly, the new Board of Directors will convene to elect the Chairperson and Vice-Chairperson, and to form the Board’s specialized committees in accordance with the company’s Articles of Association and the governance regulations set by the Capital Markets Authority.

For his part, Mr. Mazen Issam Hawwa, Vice Chairman and Group CEO, affirmed that the Board will focus on developing a forward-looking strategy to support the company’s current operations and drive growth both in Kuwait and across regional markets. He also expressed his confidence in the new board’s ability to lead the company into its next phase of growth and deliver sustainable value for shareholders, reaffirming the Group’s commitment to supporting URC’s strategic direction and market leadership.