- CEO
- Ibrahim Mohammed Al-Ghanim
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Kuwait City Kuwait
- IPO Date
- Jul 21, 2007
- Business
- Kuwait Resorts Company K.P.S.C. is a Kuwait-based public shareholding company primarily engaged in hospitality operations, real estate development, and Islamic Sharia-compliant investment activities. Founded in 2002 and headquartered in Kuwait City, Kuwait, the company operates across three core business segments: Hotels, Real Estate, and Financial Investment. Its principal hospitality and leisure offerings comprise the ownership, operation, leasing, and management of full-service resorts, luxury hotels, chalets, motels, and guest houses; the provision of health, wellness, and recreation facilities, including health clubs, fitness centers, and sports complexes; and the operation of food and beverage outlets such as restaurants and cafeterias. In its real estate segment, the company specializes in the acquisition, development, sale, and leasing of commercial centers, retail markets, and residential properties; the provision of comprehensive property and facility management services on behalf of third parties; and the execution of civil, electrical, and mechanical building maintenance contracts. In project infrastructure and financial investments, the company undertakes public-private infrastructure projects utilizing Build-Operate-Transfer (BOT) frameworks; manages diversified investment portfolios; and invests in Sharia-compliant corporate shares, investment funds, and real estate assets across Kuwait, the broader Middle East, and international markets including Europe and the United States. The company is affiliated with The Commercial Real Estate Company (Al-Tijaria) as a major strategic shareholder. In recent corporate developments, Kuwait Resorts Company has undergone strategic operational adjustments following the conclusion of its long-term operating concession for the Hilton Kuwait Resort (Plage 13) under the Touristic Enterprises Company, prompting a strategic realignment toward expanding proprietary real estate development assets and alternative hospitality projects. Additionally, the company has reinforced its capital allocation framework through Capital Markets Authority-authorized share buyback initiatives and enhanced shareholder capital returns through increased annual cash dividend distributions, while advancing new asset management strategies across regional and international property markets.