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  3. •

    Real estate development
Al-Enmaa Real Estate Company KSCP

Al-Enmaa Real Estate Company KSCP

KKSE:ALENMA
100.80
KWF
-0.20
(-0.20%)
8.90EPS
Al-Enmaa Real Estate Company KSCP
KSE:ALENMA
(Kuwait Stock Exchange)

Recent

price

100.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2011
2012
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KWD
0.03
0.05
0.05
0.61
0.09
0.11
0.06
0.04
0.04
0.03
0.02
0.02
0.02
0.01
0.02
0.01
0.02
Revenue per Share
- -
0.01
0.01
0.05
0.01
0.01
-0.02
-0.02
- -
- -
- -
- -
- -
- -
- -
0.01
0.01
Basic EPS, GAAP
- -
- -
- -
0.04
0.01
-0.01
- -
- -
- -
0.01
0.01
0.01
0.01
0.01
- -
0.01
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.03
- -
Dividend per Share
0.15
0.15
0.15
0.16
0.14
0.15
0.13
0.11
0.1
0.1
0.1
0.09
0.09
0.09
0.1
0.1
0.1
Book Value per Share
0.15
0.15
0.15
0.16
0.14
0.15
0.13
0.11
0.1
0.1
0.1
0.09
0.09
0.09
0.1
0.1
0.1
Tangible Book Value per Share
351
351
351
48
451
451
451
451
451
451
451
451
451
451
451
351
351
Basic Weighted Avg Shares
12
18
18
29
42
50
25
16
19
15
10
10
9
7
7
4
9
Sales/Revenue/Turnover
14.73
12.43
12.43
-62.16
4.6
3.42
-9.69
1.08
9.21
17.41
4.89
-8.9
-0.74
14.68
16.92
20.83
30.32
Operating Margin (%)
- -
1
1
1
1
1
1
- -
- -
- -
2
2
2
2
1
- -
- -
Depreciation Expense
1
2
2
2
3
4
-9
-8
-1
2
- -
-2
- -
1
2
2
3
Net Income, GAAP
5.24
4.59
4.59
1.07
4.59
4.26
- -
- -
- -
2.97
- -
- -
- -
5.22
4.66
4.36
10.42
Effective Tax Rate (%)
11.06
12.18
12.18
8.22
8.04
8.8
-35.21
-50.38
-5.66
11.1
-4.66
-17.84
2.55
15.21
28.91
47.9
36.16
Profit Margin (%)
-5
- -
- -
-10
-8
2
-1
1
- -
9
8
4
11
11
16
13
9
Working Capital
- -
- -
- -
- -
1
1
3
4
2
5
7
4
12
7
7
8
12
LT Debt
54
53
53
56
62
66
57
48
44
45
44
41
41
42
44
36
36
Total Equity
0.91
3.96
3.97
3.87
2.58
1.9
- -
- -
- -
4.61
- -
- -
-0.13
1.78
4.12
2.62
5.89
Return on Invested Capital (%)
4.1
5.95
5.96
4.42
6.07
6.12
- -
- -
- -
3.99
- -
- -
0.69
1.92
3.82
4.29
6.82
Return on Capital (%)
2.51
4.12
4.14
4.44
5.73
6.88
-14.53
-15.43
-2.37
3.84
-1.04
-4.4
0.57
2.43
4.66
5.13
8.72
Return on Common Equity (%)

Capital Structure

KWD

•

in mil. unless spec.
Oct'25
Jan'26
Apr'26
ST Debt
1
1
1
LT Borrowings
8
12
12
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
351
351
351
Market Capitalization
- -
- -
- -

Working Capital

KWD

•

in mil. unless spec.
Oct'25
Jan'26
Apr'26
Total Current Assets
20
16
14
Cash, Cash Equivalents & STI
14
11
8
Accounts Receivable, Net
4
5
6
Inventories
- -
- -
- -
Total Current Liabilities
7
6
5
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

KWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-5.45%
-3.24%
-17.87%
Free Cash Flow
55.47%
39.73%
254.32%
Net Income, GAAP
-15.61%
125.15%
2.59%
Sales/Revenue/Turnover
-18.89%
-13.41%
-38.08%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
2
2
2
7
2025
1
1
1
1
4
2026
4
3
- -
- -
- -

Quarterly Earnings Per Share

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.01
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.03
2026
- -
- -
- -
- -
- -
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Business
Al-Enmaa Real Estate Company KSCP is a Kuwait-based public shareholding company primarily engaged in real estate development, property investment, general contracting, and integrated facilities management services in accordance with Islamic Sharia principles. Founded in 1993 and headquartered in Kuwait City, Kuwait, the company operates as a key real estate subsidiary of Kuwait Finance House (KFH), which holds a controlling equity stake. The company structures its operations across four principal business segments: Construction Projects, Real Estate, Services Rendered, and Investments. Its comprehensive portfolio of products and services includes: general contracting and civil construction for commercial, residential, industrial, and tourism projects; Build-Operate-Transfer (BOT) infrastructure project development; property and asset management encompassing tenant leasing, rent collection, occupancy administration, and building operations; comprehensive engineering and technical maintenance services, including mechanical, electrical, and plumbing (MEP) contracting, central heating, ventilation, and air conditioning (HVAC) installation and servicing, elevator and escalator maintenance, and fire protection and alarm system management; real estate appraisal, valuation, and advisory consulting; organization and management of public and private real estate auctions; specialized security services, manned guarding, and surveillance solutions; secure transit and transportation services for funds and precious metals; and direct equity investments in local and regional real estate assets and commercial properties. The company serves public sector entities, financial institutions, corporate enterprises, institutional investors, and private property owners across the State of Kuwait and the broader Gulf Cooperation Council (GCC) region. In recent developments, Al-Enmaa Real Estate Company has expanded its facility management portfolio through the extension of key operational and maintenance agreements, including its contract for Al-Dawlia Real Estate, and renewed structured Islamic credit facilities to support active contracting projects and operational liquidity. Additionally, the company has reinforced its asset base through strategic commercial property acquisitions, resolved and restructured legacy Ijara investment property arrangements with parent entity Kuwait Finance House, and reconstituted its governance structure with the appointment of a new Deputy Chairman and board members to drive operational efficiency and portfolio growth.