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Neira Financial Hub | 45
Mazaya decided to incorporate a strategic step towards its recent development, Neira. To reinforce the project, Mazaya
proposes that a company named Neira Holding Company is to be created to implement and cover the development from
start to finish. Neira Company will supervise, implement, and control the development during the pre-completion and post-
completion phases.
Implementing the Strategy:
The Neira Holding Company activities include all services that fall within the jurisdiction of the real estate investment
company, whether in Kuwait or aboard, as follows:
1. Owning, acquiring and selling of land and developing it for the company’s account within the State of Kuwait and abroad.
In addition to managing the properties violating the laws stipulated in existing laws.
2. Preparing feasibility studies, and valuating and consulting in the areas of real estate in all kinds, if all conditions are
available in carrying out this service.
3. Owning and managing hotels, health clubs and tourist facilities to lease and rent them.
4. To carry out maintenance work on buildings and real estate owned by the company and others; including the maintenance
and implementation of civil works, mechanical, electrical, elevators and air conditioners to ensure the preservation of buildings
and their safety.
5. Managing, operating, investing, renting and leasing hotels, clubs, motels and guests houses, resorts, parks, residential
complexes, health and recreational projects, sports and stores on different grades and levels inclusive of all services and
facilities thereto and other necessary services.
Neira Holding Company is a proposed public shareholding company with a total paid up capital of KD 100,000,000
compromised of 1,000,000,000 shares (par value 100 fils per share). The company would primarily engage in the business of
real estate investment through the development of Neira Financial Hub, and will be established and promoted by the Kuwaiti
government and its institutions or any of its affiliates.
The Establishment
The Operation