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COMPANY
ESTABLISHMENT
AL MAZAYA IS WIDELY RECOGNIZED AS ONE OF THE MOST PROMINENT AND HIGHLY
THOUGHT-OF REAL ESTATE DEVELOPMENT COMPANIES IN THE MIDDLE EAST MARKET,
WITH NUMEROUS IMPRESSIVE PROJECTS. THE COMPANY CAME ABOUT THROUGH A
BELIEF IN THE NEED FOR STRONG, RIGOROUS INVESTMENT IN THE REGION, AND HAS
PREVAILED IN CREATING AND MAINTAINING THE TRUST OF LARGE-SCALE INVESTORS IN
THE KUWAITI MARKET AND ABROAD.
The company was established in 1998 and started operation as Al Mazaya Holding Company
in 2004 with a paid up capital of KD 15 million to reach KD 68.8 million which is equivalent
to approximately USD 243 million. Al Mazaya is a publicly-traded company dually listed on
both the Kuwait Stock Exchange since 2005 and Dubai Financial Market since 2006. Since its
inception, Al Mazaya has adopted a balanced expansion strategy allowing mitigating risk, while
maximizing investment and by doing so have witnessed strong growth.
Al Mazaya prides itself in providing various comprehensive real estate products and services
in several fields, among them housing projects such as deluxe villas and high-class residential
buildings, commercial projects such as office and retail buildings, and health projects such as
medical centers. Al Mazaya is engaged in several other real estate fields such as purchasing,
ownership, and selling of lands and its development for the company within Kuwait and abroad.
Furthermore, Al Mazaya handles the management of third parties’ properties and management,
operation and investment, leasing and rent of hotels, health clubs, recreational parks, gardens,
exhibition grounds, restaurants, residential and commercial complexes, and touristic and health
resorts.
Al Mazaya’s Investments have always focused on building strategic alliances and partnerships
that allow for developing the company’s competitive edge.
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ANNUAL REPORT
2015