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    Real estate development
Manazel Holding Co.

Manazel Holding Co.

KKSE:MANAZEL
45.50
KWF
+3.00
(+7.06%)
-14.14EPS
21.91BMarket Cap
Manazel Holding Co.
KSE:MANAZEL
(Kuwait Stock Exchange)

Recent

price

45.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KWD
- -
- -
- -
- -
0.02
- -
- -
- -
- -
0.01
0.01
0.01
0.02
0.01
0.01
0.02
0.01
Revenue per Share
-0.01
-0.02
-0.01
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-0.01
-0.01
Basic EPS, GAAP
0.01
- -
- -
- -
0.05
0.03
0.03
0.04
0.03
0.02
- -
- -
-0.04
- -
-0.02
0.02
0.02
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.06
0.05
0.04
0.04
0.05
0.05
0.05
0.05
0.04
0.05
0.05
0.05
0.04
0.03
0.02
0.02
0.02
Book Value per Share
0.04
0.03
0.02
0.03
0.05
0.05
0.05
0.05
0.04
0.05
0.05
0.05
0.04
0.03
0.02
0.02
0.02
Tangible Book Value per Share
715
715
715
715
715
430
430
430
430
430
430
430
430
430
430
430
430
Basic Weighted Avg Shares
1
1
1
2
11
1
2
- -
1
4
5
5
8
6
3
8
5
Sales/Revenue/Turnover
130.81
-5.49
-80.02
45.13
91.28
-43.18
30.19
-298.7
-173.04
5.71
27.2
19.08
-7.21
-9.53
-2.1
-30.72
-117.23
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-5
-11
-7
1
8
- -
1
- -
-1
1
1
1
- -
- -
- -
-4
-6
Net Income, GAAP
- -
- -
- -
3.5
3.46
7.56
5.63
- -
- -
5.9
2.46
3.53
46.35
1,735.99
55.8
- -
- -
Effective Tax Rate (%)
-389.76
-1,543.43
-1,403.34
64.14
74.13
56.43
39.43
-131.31
-148.98
16.53
16.41
24.51
4.99
-5.46
-0.3
-49.99
-130.84
Profit Margin (%)
-12
-13
-23
-46
5
8
12
9
7
12
8
9
4
4
-14
-17
1
Working Capital
- -
43
35
- -
3
- -
- -
- -
- -
- -
- -
- -
1
1
2
1
1
LT Debt
50
47
39
40
48
46
25
25
22
25
27
28
21
17
13
9
7
Total Equity
- -
- -
- -
1.46
13.53
-0.59
2.2
- -
- -
0.88
4.53
3.03
-1.12
46.25
-0.17
- -
- -
Return on Invested Capital (%)
- -
- -
- -
2.78
13.57
0.75
3.15
- -
- -
1.77
1.04
2.85
0.61
-26.79
-1.28
- -
- -
Return on Capital (%)
-11.51
-29.4
-22.4
3.59
24.92
1.18
2.81
-2.31
-4.38
3.6
3.85
5.51
1.96
-2.14
-0.08
-42.64
-69.46
Return on Common Equity (%)

Capital Structure

KWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
430
430
430
Market Capitalization
26
20
22

Working Capital

KWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
13
11
31
Cash, Cash Equivalents & STI
6
5
6
Accounts Receivable, Net
- -
- -
- -
Inventories
3
2
22
Total Current Liabilities
30
27
30
Payables & Accruals
- -
- -
- -
ST Debt
1
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

KWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-13.24%
-19.08%
-33.55%
Free Cash Flow
-97.45%
-171.97%
-203.27%
Net Income, GAAP
4,244.91%
8,522.3%
42,912.23%
Sales/Revenue/Turnover
94.57%
29.86%
157.32%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
1
1
1
3
2025
1
3
1
3
8
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

KWD

•

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

KWD

•

in mil. unless spec.

Year

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