Real-Estate Trade Centers Company K.P.S.C
MARAKEZ.KW
Kuwait Stock Exchange180.00
KWF
+1.00
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Real-Estate Trade Centers Company K.P.S.C
MARAKEZ.KW
(Kuwait Stock Exchange)
Recent
price
180.00
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Real-Estate Trade Centers Company K.P.S.C, operating under the ticker MARAKEZ.KW, is primarily engaged in real estate business activities in Kuwait and the Syrian Arab Republic. Founded in 1999 and headquartered in Kuwait, the company specializes in owning, buying, and selling real estate properties and lands. Its product and service portfolio includes property management; leasing and marketing of third-party properties; and ownership and management of resorts, hotels, health and sports clubs, private hospitals, and tourist premises. The company also offers project management, building maintenance services, and designs, builds, operates, maintains, and transfers projects under the Public-Private Partnership (PPP) system. Additionally, it organizes and manages trade exhibitions. Marakez is a subsidiary of the Saudi Arabia-based Fawaz Al Hokair Group, a multinational conglomerate with diversified interests including fashion retail, hospitality, entertainment, and real estate development across the Middle East and beyond. The company operates a network of 17 shopping malls, managing over 1.6 million square meters of premium retail real estate, with significant focus on mixed-use developments blending residential, commercial, and retail spaces. Recent major developments include strategic partnerships such as the joint venture with National Central Cooling Company PJSC (Tabreed) and Gascool to provide district cooling services for the D5M mall located in New Katameya, east Cairo within the District Five development. This project, which includes residential complexes and offices alongside the mall, targets operational launch before the end of 2023. Marakez continues to expand its footprint through new mixed-use developments in Egypt, bolstered by collaborations aimed at sustainable and energy-efficient infrastructure. Another significant partnership involves NAWY UNLOCKED to enable homeowners to monetize idle properties, reflecting the company’s expanding service offerings in property technology and management. As part of its strategic growth, Marakez has recently launched residential projects like the Giza Terraces in 6 October City, featuring townhouses, twin houses, and standalone villas. These initiatives align with Marakez's vision to become a leading mixed-use developer in Egypt while maintaining strong operations in Kuwait and the broader MENA region. The company emphasizes sustainability, innovation, and community-oriented development supported by its experienced local and regional teams. Overall, Real-Estate Trade Centers Company K.P.S.C maintains a diversified and expanding portfolio of real estate assets and services with a robust presence in Kuwait and Egypt, driven by strategic partnerships, mixed-use project launches, and a commitment to integrating modern amenities and sustainable practices in its developments.