Taking too long? Close the loading screen...
Loading...
+9651805225 info@urc.com.kw

About URC

About URC

United Real Estate Company (URC) is one of the Middle East and North Africa’s leading real estate developers, with consolidated assets of KD 602 million (US$ 2 Billion) as of 30 June 2018. URC was founded in 1973 and listed on the Kuwait Stock Exchange (Boursa Kuwait) in 1984.

URC primarily operates through a number of subsidiaries and investment arms across the MENA region. URC follows an integrated real estate services approach with development capabilities across the MENA region and a diverse regional investment portfolio. URC’s portfolio includes retail complexes, hotels, resorts, residential buildings, high rise office buildings, as well as mixed use developments.

URC’s operations also extend to construction and contracting, facility management, and project management through its several subsidiaries. URC’s portfolio is geographically spread across a number of countries through several operational assets such as Marina World, Marina Hotel, and KIPCO Tower in Kuwait, Salalah Gardens Mall & Residences in Oman, Abdali Mall in Jordan, Raouche View 1090 in Lebanon, Avaris and Aswar Residences in Egypt, and Assoufid in Morocco.

URC’s majority shareholder is KIPCO Group, is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32.7 billion as at 30 June 2018. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.

United Real Estate Company (URC) is one of the Middle East and North Africa’s leading real estate developers, with consolidated assets of KD 602 million (US$ 2 Billion) as of 30 June 2018. URC was founded in 1973 and listed on the Kuwait Stock Exchange (Boursa Kuwait) in 1984.

URC primarily operates through a number of subsidiaries and investment arms across the MENA region. URC follows an integrated real estate services approach with development capabilities across the MENA region and a diverse regional investment portfolio. URC’s portfolio includes retail complexes, hotels, resorts, residential buildings, high rise office buildings, as well as mixed use developments.

URC’s operations also extend to construction and contracting, facility management, and project management through its several subsidiaries. URC’s portfolio is geographically spread across a number of countries through several operational assets such as Marina World, Marina Hotel, and KIPCO Tower in Kuwait, Salalah Gardens Mall & Residences in Oman, Abdali Mall in Jordan, Raouche View 1090 in Lebanon, Avaris and Aswar Residences in Egypt, and Assoufid in Morocco.

URC’s majority shareholder is KIPCO Group, is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32.7 billion as at 30 June 2018. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.

Mission & Vision

URC’s Vision is to be Kuwait’s leading diversified real estate company

URC’s Mission is to deliver creative solutions and opportunities for stakeholders through an integrated real estate services approach with development capabilities across the MENA region and a diverse regional investment portfolio

URC’s Values:  Culture – Communication – Delivery

Mission & Vision

URC’s Vision is to be Kuwait’s leading diversified real estate company

URC’s Mission is to deliver creative solutions and opportunities for stakeholders through an integrated real estate services approach with development capabilities across the MENA region and a diverse regional investment portfolio

URC’s Values:  Culture – Communication – Delivery

URC’s majority shareholder is KIPCO Group, is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32.7 billion as at 30 June 2018. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.

URC’s majority shareholder is KIPCO Group, is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32.7 billion as at 30 June 2018. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.

URC Board Members

Tariq Mohammed Abdulsalam

Chairman

Ali Ibrahim Marafi 

Vice Chairman 

Sheikh Fadel Khaled Al-Sabah

Board Member

Sheikha Bibi Nasser Sabah Al-Ahmed Al-Sabah

Board Member

Adel Jassem Al Waqayan 

Board Member

Samer Subhi Khanachet 

Board Member

Mazen Isam Hawwa 

Board Member

Senior Management Team

Ahmad Kasem
Acting Chief Executive Officer

Ravi Veeraraghavan
Group Chief Financial Officer

Oussama Zeitoun
Chief Development Officer

Ahmad Al Kandari
Chief Executive Officer (UFM)

Augostino Sfeir
Chief Investment Officer

Joe Saliba
Chief Legal & Compliance Officer

Ala’a Beidas
Group Chief Audit Executive

Samir H. Harmouche
Chief Property Management Officer

Hamad S. Almulaifi
Director of Sales & Marketing