United Real Estate Company Reports Nine-Month 2025 Operating Profit of KD 18.2 million

Nov 09 , 2025

United Real Estate Company (URC) announced its consolidated financial results for the first nine months of the year, ending September 30, 2025. The company reported an operating profit of KD 18.2 million for the first nine months of 2025, compared to KD 17.9 million for the same period in 2024 (an increase of 2.0%).

In nine months 2025, total revenue witnessed significant growth, increasing by 21.5% to KD 75.1 million, up from KD 61.8 million in the first nine months of 2024. This growth was reflected in a stronger gross profit, which increased to KD 24.7 million compared to KD 22.3 million in the prior-year period (an increase of 10.5%). Total assets also increased to KD 683 million as of September 30, 2025, up from KD 649 million at the end of the same period in 2024.

Operationally, the company's diversified portfolio demonstrated robust performance. The Hospitality sector reported a 19.2% growth in revenue, reaching KD 14.1 million compared to KD 11.8 million in 2024. Meanwhile, the Contracting sector showed remarkable expansion, with revenues surging to KD 13.5 million, a substantial increase from KD 3.1 million in the first nine months of the previous year.

Commenting on the results, Mishary Al-Muhailan, Acting Group Chief Executive Officer of URC, said: “Our strong results demonstrate the company’s resilience and ability to adapt across different economic cycles. This success is driven by the efficient operational performance of its various sectors, driven by a balanced strategic approach and the expansion of products and services for its subsidiaries to meet customer needs in the various geographical areas it covers.”

Al-Muhailan added: “The company is currently evaluating several investment opportunities within the local market across multiple sectors and further solidify its position as a leading player in the local and regional real estate market, in line with its strategy to diversify its investment portfolio and enhance shareholder value.”

He concluded, “we remain focused on sustaining this positive momentum by enhancing operational efficiency and pursuing strategic growth opportunities in our core markets.”