- CEO
- Khaled Abdul Latif Al-Sanousi
- Sector
- Finance
- Industry
- Real estate development
- Address
- Kuwait City Kuwait
- IPO Date
- Feb 23, 2009
- Business
- Manazel Holding Company K.P.S.C. is a Kuwait-based Sharia-compliant holding company primarily engaged in real estate investment, property development, asset management, and general contracting activities. Founded in 1983 and headquartered in Kuwait City, Kuwait, the company operates across the real estate, investment, and contracting sectors, serving institutional, commercial, and retail clients across the State of Kuwait, the Kingdom of Saudi Arabia, the Kingdom of Bahrain, and the broader Gulf Cooperation Council (GCC) region. The company conducts its operations directly and through specialized subsidiaries, offering a structured portfolio of products and services that includes: acquisition, development, and sale of residential, commercial, and mixed-use properties; property leasing and facility management for retail centers, corporate offices, and residential compounds; building construction, general contracting, and infrastructure project execution; real estate project management and technical advisory services; strategic equity investments in real estate, industrial, and financial operating companies; acquisition, subdivision, and development of raw land and industrial plots; and management of Sharia-compliant financial assets, investment portfolios, and surplus liquidity funds. In recent operational and strategic developments, Manazel Holding Co. has implemented targeted measures to optimize its capital structure, reduce financial liabilities, and strengthen operational efficiency. Key recent changes include: executing debt settlement and loan restructuring agreements with regional financial institutions to reduce leverage and lower financing costs; rationalizing its non-core property portfolio through selective asset divestments to redeploy capital into high-yield, income-generating rental properties; strategically expanding its presence in regional commercial and light-industrial real estate assets across key GCC markets; reorganizing internal subsidiary operations to improve project delivery timelines and property management margins; and advancing corporate governance and sustainability frameworks to align with updated Boursa Kuwait and Capital Markets Authority regulatory standards.