10.6% growth in real estate companies' assets in the first half

The total assets of real estate companies listed on the Kuwait Stock Exchange reached KD 7.34 billion during the first half ending June 30, 2026, compared to KD 6.64 billion in the same period of 2025, representing a 10.6 percent increase.

Conversely, the total liabilities of these real estate companies amounted to KD 3.99 billion in the first half, up from KD 3.44 billion in the corresponding period of 2025, marking a 16.3 percent rise.

According to Al-Jarida’s statistics on the assets and liabilities of listed real estate firms, liabilities accounted for 54.4 percent of total assets.

The data indicates that real estate companies successfully strengthened their financial positions and maintained their asset growth momentum during the first half, driven by the expansion of their activities and projects and enhanced efficiency in asset utilization.

Real estate companies maintained a strong level of confidence among the banking sector and financing institutions, underpinned by the strength and diversification of their asset base. This has bolstered their ability to meet financial obligations and secure the necessary facilities and funding to sustain their operations.

Despite the regional war and tensions witnessed during the first half, the performance of real estate companies remained positive, reflecting in the growth of their assets and reinforcing the banking sector’s confidence in the real estate industry.

Al-Mabani Company led all listed real estate firms in terms of total asset value, reaching KD 2.2 billion, compared to KD 1.76 billion previously. It was followed by United Real Estate Company, with assets valued at KD 826.7 million, up from KD 688.6 million.

Al-Tamdeem Real Estate Company ranked third, with assets totaling KD 697.1 million, compared to KD 641 million. It was followed by Al-Tijariya Real Estate Company, with assets of KD 595.8 million, up from KD 581.8 million, and then Kuwait Real Estate Company, with assets valued at KD 562.6 million, compared to KD 464.2 million.

Regarding companies with the highest asset growth, Snam Holding Company topped the list with a growth rate of 72.7 percent, rising from KD 15.15 million to KD 26.18 million. Al-Mabani Company followed with a growth rate of 25.06 percent.

Kuwait Real Estate Company ranked third with a 21.2 percent growth rate, followed by United Real Estate Company with approximately 20.05 percent growth, and then Sukuk Holding Company, which grew by 15.8 percent, rising from KD 64.6 million to KD 74.9 million.

In terms of companies experiencing the largest decline in asset size, International Housing for Real Estate Development led the listed companies with a 59.08 percent drop, falling from KD 9.22 million to KD 3.77 million. It was followed by Kuwaiti Holding Real Estate Company, which saw a decline of approximately 27.3 percent, with assets totaling KD 9.42 million, down from KD 12.97 million.

National Real Estate Company’s assets decreased by approximately 13.1 percent, dropping from KD 539.2 million to KD 468.3 million. Al-Argan Global Real Estate Company ranked fourth with a decline of approximately 6.8 percent, falling to KD 239.7 million from KD 257.4 million. Al-Mazaya Holding Company followed with a 6.5 percent decline, reaching KD 123.5 million from KD 132.2 million.

Regarding real estate companies’ liabilities, Al-Mabani Company also led in terms of the largest liability volume, with liabilities totaling KD 1.34 billion, compared to KD 961 million. United Real Estate Company followed, with liabilities of KD 613 million, up from KD 477.5 million.

Al-Salehiya Real Estate Company’s liabilities reached 371.2 million dinars, securing third place, compared with 354.9 million dinars. Kuwait Real Estate Company followed with 309 million dinars, up from 277.8 million, while Al-Sharikah al-Tijariya al-Aqariya (Commercial Real Estate Company) ranked fifth with liabilities of 266.4 million dinars, compared with 258.3 million.

Regarding the companies with the highest growth in liabilities, Ayan Real Estate Company topped the list with a 105.9 percent increase, rising from 27 million dinars to 55.6 million. Al-Mabani Company followed with a 39.2 percent increase, and Aqar for Real Estate Investments ranked third with a 33.6 percent increase, moving from 7.1 million dinars to 9.6 million.

Al-Muttahida Real Estate Company’s liabilities rose by 28.3 percent, placing it fourth, while Dar Al-Thuraya Real Estate Company increased by 21.6 percent, reaching 3.37 million dinars compared with 2.77 million.

In terms of companies with the largest decline in liabilities, Snam Holding Company led with an 82.9 percent drop, falling to 397.9 thousand dinars from 2.33 million. Kuwaiti Holding Company followed with a 58.4 percent decrease, declining from 11.1 million to 4.62 million.

International Housing for Real Estate Development’s liabilities fell by 32.7 percent, ranking third, dropping from 7.69 million dinars to 5.16 million. Al-Manashat for Real Estate Projects came next with a 20.8 percent decline, reaching 49.6 million dinars from 62.7 million, while Al-Mazaya Holding Company ranked fifth with a 7.8 percent decrease, falling to 78 million dinars from 84.6 million.