Al Manar Financing & Leasing Company K.S.C.
KKSE:ALMANAR103.00
KWF
-1.00
(-0.96%)
ISIN
KW0EQ0208839
Return %
Stock
S&P 500
1Y
-13.45
14.20
3Y
79.13
81.12
5Y
20.20
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Faisal Abdel Aziz Abdullah Al-Nassar
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Kuwait City Kuwait
- IPO Date
- Feb 12, 2019
- Website
- almanar.com.kw
- Similar Companies
- Business
- Al Manar Financing & Leasing Company K.S.C.P. is a Kuwait-based Islamic financial services institution that engages in the provision of comprehensive Sharia-compliant financing, investment, asset management, and leasing solutions for individual, commercial, and corporate clients. Established in November 2003 and headquartered in Kuwait City, Kuwait, the company operates primarily across three core business segments: Finance, Investments, and Other Services. The company offers a wide array of credit facilities and financial products structured under Islamic contracts such as Murabaha, Musawamah, and Ijara, including automotive financing and flexible lease-to-own programs (Ijara Muntahia Bittamleek) for new and pre-owned vehicles; consumer goods financing covering furniture, consumer electronics, electrical appliances, computers, and marine equipment; specialized services financing designed for educational tuition fees and medical treatment expenses; real estate financing and property development solutions encompassing the acquisition, construction, leasing, and sale of residential buildings, commercial properties, housing complexes, and warehousing facilities; and investment management services, which comprise proprietary and third-party investment portfolio administration, establishment and management of collective investment funds, direct equity participation, custody services, and economic and technical feasibility consultancy. Al Manar conducts its business operations through several subsidiaries and affiliates, including Al Manar Express for Marketing Consulting Co. W.L.L., Manarat Tasaheel Real Estate Co. W.L.L., Al Manar Watania for Administrative Consulting Co. W.L.L., Sidra National Real Estate Consulting Company W.L.L., and Al-Jawhara for Buying and Selling Shares and Bonds, in addition to holding strategic equity interests in entities such as Injazzat Real Estate Development Company. In recent operational and corporate developments, the company executed key executive management changes with the appointment of Dhari Abdel Aziz Al-Nassar as Chief Executive Officer to lead its next phase of growth; secured the renewal and expansion of major Islamic credit facility contracts with banking partners to enhance operational liquidity and expand its loan and lease underwriting capacity; accelerated its digital transformation roadmap through the deployment of streamlined electronic financing application channels and online installment management tools; and actively restructured its investment portfolio and capital allocation strategies to optimize asset quality and drive sustainable profitability across the Kuwaiti and regional markets.