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+9651805225 info@urc.com.kw

About URC

About URC

United Real Estate Company. K.S.C.P (URC) is one of the Middle East and North Africa’s leading real estate developers, with consolidated assets of KD 622 million (US$ 2 Billion) as of 31 March 2019. Headquartered in Kuwait, URC was founded in 1973 and was listed on the Kuwait Stock Exchange in 1984.

URC primarily operates through a number of operating subsidiaries and investment arms across the MENA region. The company’s core business is real estate development and operations and enjoys a diversified portfolio of assets that include retail complexes, hotels, residential properties, and high-rise office buildings.

URC’s operations extend to construction and contracting, facility management, and project management through its several subsidiaries. The company’s portfolio of assets and businesses are geographically spread across a number of countries through several 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, Hilton Cairo Heliopolis & Waldorf Astoria Hotels in Egypt, Aswar Residences in Egypt, and Assoufid in Morocco.

URC’s majority shareholder is KIPCO Group, one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 34 billion as of 31 December 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. K.S.C.P (URC) is one of the Middle East and North Africa’s leading real estate developers, with consolidated assets of KD 622 million (US$ 2 Billion) as of 31 March 2019. Headquartered in Kuwait, URC was founded in 1973 and was listed on the Kuwait Stock Exchange in 1984.

URC primarily operates through a number of operating subsidiaries and investment arms across the MENA region. The company’s core business is real estate development and operations and enjoys a diversified portfolio of assets that include retail complexes, hotels, residential properties, and high-rise office buildings.

URC’s operations extend to construction and contracting, facility management, and project management through its several subsidiaries. The company’s portfolio of assets and businesses are geographically spread across a number of countries through several 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, Hilton Cairo Heliopolis & Waldorf Astoria Hotels in Egypt, Aswar Residences in Egypt, and Assoufid in Morocco.

URC’s majority shareholder is KIPCO Group, one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 34 billion as of 31 December 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, one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 34 billion as of 31 December 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, one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 34 billion as of 31 December 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

Sheikha Bibi Nasser Sabah Al-Ahmed Al-Sabah

Chairperson

Mazen Isam Hawwa 

Vice Chairman

Tariq Mohammed AbdulSalam

Board Member

Sheikh Fadel Khaled Al-Sabah

Board Member

Samer Subhi Khanachet 

Board Member

Adel Jassem Al Waqayan 

Board Member

AbdulAmir Qasem AlMuscati

Board Member

Senior Management Team

Ahmad H. Kasem
Acting Chief Executive Officer

Ravi Veeraraghavan
Group Chief Financial Officer

Oussama Zeitoun
Chief Development Officer

Ahmad Al Kandari
Chief Executive Officer (UFM)

Joe Saliba
Chief Legal & Compliance Officer

Ala’a Beidas
Group Chief Audit Executive

Augostino Sfeir
Chief Investment Officer

Hamad S. Almulaifi
Director of Sales & Marketing