1. Kuwait Stocks

  2. •

    Finance

  3. •

    Real estate development
Munshaat Real Estate Projects Co. K.S.C.C.

Munshaat Real Estate Projects Co. K.S.C.C.

KKSE:MUNSHAAT
229.00
KWF
+16.00
(+7.51%)
45.16EPS
5.49P/E
72.45BMarket Cap
Munshaat Real Estate Projects Co. K.S.C.C.
KSE:MUNSHAAT
(Kuwait Stock Exchange)

Recent

price

229.00

P/E

ratio

5.49

div

yld

0.01%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KWD
0.04
0.04
0.02
0.02
0.02
- -
0.02
0.03
0.03
0.03
0.01
0.01
0.04
0.06
0.06
0.06
0.06
Revenue per Share
-0.06
-0.05
0.03
0.09
0.04
- -
-0.02
0.01
-0.09
- -
-0.08
-0.03
- -
0.04
0.02
0.04
0.04
Basic EPS, GAAP
0.01
0.01
0.03
0.03
-0.02
- -
-0.06
- -
-0.08
0.01
- -
0.01
0.02
-0.01
0.02
0.02
0.03
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.01
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.13
0.08
0.12
0.21
0.25
0.25
0.23
0.25
0.15
0.15
0.06
0.03
0.03
0.07
0.09
0.13
0.15
Book Value per Share
0.12
0.08
0.12
0.21
0.25
0.25
0.23
0.25
0.15
0.15
0.06
0.03
0.03
0.07
0.09
0.13
0.15
Tangible Book Value per Share
322
322
322
322
322
322
322
322
322
322
322
322
322
322
322
322
322
Basic Weighted Avg Shares
12
13
5
5
5
1
6
10
11
11
3
4
12
18
19
20
20
Sales/Revenue/Turnover
12.76
-21.74
62.18
255.05
16.36
360.92
-108.67
16.93
-38.06
-4.73
-319.05
-144.49
5.25
34.64
35.21
57.43
62.06
Operating Margin (%)
8
7
7
4
- -
- -
4
4
4
3
5
3
3
3
3
3
3
Depreciation Expense
-19
-16
10
30
12
1
-8
4
-28
1
-27
-11
1
13
6
12
13
Net Income, GAAP
- -
- -
3.35
3.8
6.19
97.14
- -
26.64
- -
- -
- -
- -
31.68
3.85
7.71
9.42
8.71
Effective Tax Rate (%)
-157.51
-125.6
189.71
605.31
225.16
138.65
-130.55
44.41
-265.89
7.88
-1,009.31
-300.32
9.94
71.85
31.32
61.31
66.62
Profit Margin (%)
-110
-125
-114
-23
-21
-42
-38
-32
-14
-8
-21
-29
-24
-6
-4
-1
10
Working Capital
2
2
2
3
2
21
22
35
58
54
49
49
51
46
41
35
35
LT Debt
41
25
42
72
85
84
74
84
45
44
12
-3
-2
13
19
32
39
Total Equity
- -
- -
1.32
12.54
14.99
0.16
- -
4.32
- -
- -
- -
- -
1.92
16.21
9.81
14.85
14.76
Return on Invested Capital (%)
- -
- -
13.44
29.7
11.54
1.73
- -
3.01
- -
- -
- -
- -
2.71
18.6
9.16
17.47
16.5
Return on Capital (%)
-36.57
-49.62
31.34
57.5
15.71
1.2
-10.4
5.59
-44.08
1.86
-78.85
-72.3
12.01
75.3
22.4
34.46
31.67
Return on Common Equity (%)

Capital Structure

KWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6
6
6
LT Borrowings
23
23
23
LT Finance Leases
12
12
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
322
322
322
Market Capitalization
79
61
72

Working Capital

KWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15
18
25
Cash, Cash Equivalents & STI
5
4
5
Accounts Receivable, Net
6
12
18
Inventories
- -
- -
- -
Total Current Liabilities
16
15
14
Payables & Accruals
- -
- -
- -
ST Debt
6
6
6
Deferred Revenue
- -
- -
- -

Growth Rates

KWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-105.51%
-187.19%
70.01%
Free Cash Flow
628.37%
157.09%
-9.55%
Net Income, GAAP
-425.23%
168.69%
107.09%
Sales/Revenue/Turnover
111.06%
66.34%
5.8%
Total Cash Common Dividend
- -
149.94%
286.72%

Quarterly Revenue

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5
7
3
4
19
2025
5
7
3
5
20
2026
6
6
- -
- -
- -

Quarterly Earnings Per Share

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
- -
- -
0.02
2025
0.01
0.01
- -
0.01
0.04
2026
0.01
0.01
- -
- -
- -

Quarterly Dividends Per Share

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
DLF Limited (NSE:DLF)
Opendoor Technologies Inc (NASDAQ:OPEN)
Samolet (MOEX:SMLT)
Alarko Holding A.S. (BIST:ALARK)
Godrej Properties Limited (NSE:GODREJPROP)
Lodha Developers Ltd. (NSE:LODHA)
Business
Munshaat Real Estate Projects Co. K.S.C.C. is a Kuwait-based Sharia-compliant real estate investment and development company primarily engaged in the origination, development, management, and leasing of prime commercial, residential, and hospitality properties across the Gulf Cooperation Council (GCC) region, with a prominent operational concentration in the Holy Cities of Makkah and Madinah in the Kingdom of Saudi Arabia. Founded in 2003 and headquartered in Kuwait City, Kuwait, the company operates through distinct business segments comprising real estate development, property leasing, hospitality asset operations, and Islamic investment management. Its core products and services encompass the development and operation of landmark mega-projects under Build-Operate-Transfer (B.O.T.) and usufruct (Intifa'a) contractual models; luxury hotel suite and accommodation operations, highlighted by premier assets such as the Zamzam Pullman Tower within the Abraj Al Bait complex in Makkah, Dar Al Qibla in Madinah, and Bakkah Tower; commercial retail space leasing and tenant facilities management; comprehensive real estate asset and portfolio management; project engineering and contracting oversight; and Sharia-compliant real estate investment structuring, including Sukuk-backed leasehold rights. In recent operational and corporate developments, Munshaat Real Estate Projects has advanced comprehensive balance sheet optimization and debt restructuring programs, reaching major settlement agreements on outstanding credit facilities and finalizing tax assessment resolutions with regional regulatory bodies, including the Saudi Zakat, Tax and Customs Authority. Concurrently, the company has undertaken strategic service enhancements, occupancy optimization drives, and digital property management upgrades across its hospitality portfolio to capitalize on expanding religious tourism and pilgrim quotas under Saudi Vision 2030.