United Real Estate Company Reports KD 4.4 million Net Profit for the First Half of 2025

Aug 05 , 2025

United Real Estate Company (URC) announced a net profit of KD 4.43 million for the first half of 2025, recording a growth of 10.5% compared to KD 4 million for the same period in 2024. Earnings per share increased to 3.4 fils, compared to 3.08 fils during the same period last year.

Total assets increased to KD 689 million as of June 30, 2025, compared to KD 672 million as of 31 December 2024. Gross profit for the first half of 2025, reached KD 16.63 million, compared to KD 14.67 million recorded in the same period last year, recording a growth of 13%.

Total revenue for the first half of 2025 increased by 22% to KD 49.05 million, compared to KD 40.21 million during the same period in 2024.

The company’s hospitality sector delivered strong results, with revenue growing 22% to KD 9.46 million in the first half of 2025, compared to KD 7.76 million a year earlier. The contracting and services sectors revenue also saw significant growth of 45% reaching KD 22.11 million in the first half of 2025, compared to KD 15.23 million during the same period in 2024.

Commenting on the results, Mr. Mazen Issam Hawwa, Group Chief Executive Officer, said: "Our positive performance for the first half of 2025 demonstrates the effectiveness of URC’s strategy and the resilience of our operations, particularly in the hospitality and real estate services sectors. The growth achieved reflects the collective efforts of our teams and our ongoing commitment to delivering sustainable value to our shareholders."

Mr. Hawwa added: “We aim to sustain this momentum throughout the second half of the year by enhancing operational efficiency and accelerating our expansion into strategic markets.”