1. Kuwait Stocks

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    Finance

  3. •

    Real estate development
Salhia Real Estate Co. K.S.C.

Salhia Real Estate Co. K.S.C.

KKSE:SRE
348.00
KWF
-6.00
(-1.69%)
19.64EPS
20.32P/E
237.92BMarket Cap
Salhia Real Estate Co. K.S.C.
KSE:SRE
(Kuwait Stock Exchange)

Recent

price

348.00

P/E

ratio

20.32

div

yld

0.00%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KWD
0.08
0.07
0.08
0.08
0.07
0.07
0.07
0.08
0.08
0.07
0.03
0.04
0.06
0.07
0.07
0.08
0.08
Revenue per Share
0.02
0.01
0.01
0.03
0.02
0.02
0.02
0.03
0.03
0.04
0.04
0.02
0.02
0.03
0.02
0.01
0.02
Basic EPS, GAAP
0.04
0.03
0.04
0.03
0.04
0.03
0.03
0.03
0.03
0.04
0.03
0.02
0.04
0.03
0.02
0.04
0.04
Free Cash Flow per Basic Share
0.01
0.01
0.01
0.01
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.01
0.01
0.01
0.01
- -
Dividend per Share
0.22
0.21
0.21
0.23
0.23
0.24
0.23
0.24
0.25
0.27
0.28
0.27
0.28
0.3
0.3
0.3
0.3
Book Value per Share
0.22
0.21
0.21
0.23
0.23
0.24
0.23
0.24
0.25
0.27
0.28
0.27
0.28
0.3
0.3
0.3
0.3
Tangible Book Value per Share
524
623
602
602
602
600
599
598
600
598
602
597
598
604
604
602
601
Basic Weighted Avg Shares
43
44
45
46
44
43
44
45
45
45
19
21
36
41
45
47
48
Sales/Revenue/Turnover
31.61
34.58
32.36
33.23
33.51
33.63
33.73
36.37
30.83
31.81
6.79
40.89
47.8
49.45
47.79
43.14
44.21
Operating Margin (%)
6
6
6
6
6
6
6
5
5
6
5
3
5
6
8
9
9
Depreciation Expense
9
7
8
16
11
12
12
16
17
22
21
9
15
16
13
6
12
Net Income, GAAP
8.6
12.86
11.61
5.59
5.96
4.51
4.78
5.01
5.18
5.16
4.6
6.18
6.55
4.48
4.46
4.44
4.47
Effective Tax Rate (%)
21.71
16.3
18.21
34.72
25.95
27.05
28.07
35.11
38.08
48.22
110.17
44.37
40.52
39.45
28.24
13.11
24.26
Profit Margin (%)
-20
-17
-1
1
-4
-1
-64
-12
1
-6
-25
-42
-32
-59
-40
-55
5
Working Capital
64
- -
128
114
106
109
38
118
141
165
150
174
178
188
263
267
343
LT Debt
112
131
133
143
141
145
141
146
152
166
167
162
168
180
183
182
181
Total Equity
9.52
9.14
6.59
6.21
4.6
4.52
4.75
5.12
4.63
6.34
6.45
2.35
3.92
4.73
5.28
3.91
3.98
Return on Invested Capital (%)
7.03
8.06
7.37
8.19
6.18
5.4
5.25
6.26
6.22
7.2
6.55
2.86
4.66
5.51
5.82
3.96
4.74
Return on Capital (%)
8.06
5.91
6.34
11.84
8.19
8.28
8.71
11.2
11.81
13.75
12.9
5.69
8.84
9.21
6.97
3.36
6.51
Return on Common Equity (%)

Capital Structure

KWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
53
- -
- -
LT Borrowings
267
330
343
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
601
601
601
Market Capitalization
235
237
238

Working Capital

KWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
20
21
33
Cash, Cash Equivalents & STI
15
15
10
Accounts Receivable, Net
1
6
23
Inventories
- -
- -
- -
Total Current Liabilities
75
30
28
Payables & Accruals
- -
- -
- -
ST Debt
53
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

KWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.39%
1.76%
-0.44%
Free Cash Flow
11.29%
21.86%
62.6%
Net Income, GAAP
0.41%
-12.63%
-51.58%
Sales/Revenue/Turnover
5.41%
21.37%
4.32%
Total Cash Common Dividend
1.01%
-3.05%
3.93%

Quarterly Revenue

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11
11
10
12
45
2025
11
12
11
13
47
2026
13
12
- -
- -
- -

Quarterly Earnings Per Share

KWD

•

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
0.01
2026
- -
- -
- -
- -
- -
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Business
Salhia Real Estate Company K.S.C.P. is a Kuwait-based public shareholding company engaged in real estate development, investment, leasing, and property management, alongside hospitality and healthcare facility operations. The company operates through four primary business segments: Real Estate Operations, Hospitality, Care Home Services, and Investment and Other Activities. Its portfolio of products and services comprises the development, commercial leasing, and asset management of prime office towers, shopping malls, and mixed-use commercial destinations, including flagship properties such as the Salhia Commercial Complex, Sahab Tower, Arraya Commercial Centre, Arraya Tower, and the Al Assima Complex; hospitality and leisure management services encompassing luxury hotel ownership, corporate conference facilities, and event venues operated in partnership with international hotel operators, including Courtyard by Marriott Kuwait City, JW Marriott Kuwait City, and the Arraya Ballroom; specialized geriatric healthcare, nursing home, and assisted living real estate operations; and strategic capital deployments in real estate investment funds, development joint ventures, and financial securities. Salhia Real Estate conducts its principal operations in the State of Kuwait, maintaining additional international real estate investment and development activities across the United Kingdom and Germany through overseas operating subsidiaries such as Haddia Holding GmbH and Salhia International Investments Ltd. In recent developments, the company fully commercialized and scaled tenant occupancy across its landmark mixed-use Al Assima Project in Kuwait City, expanding its retail, commercial office, and serviced residence leasing revenue; advanced comprehensive refurbishment and modernization initiatives across the Salhia Commercial Complex and hospitality assets; expanded its senior care property footprint in Germany; and optimized capital allocation within its United Kingdom joint venture development portfolio to strengthen long-term recurring yields. Founded in 1974, Salhia Real Estate Company K.S.C.P. is headquartered in Kuwait City, Kuwait.