Kuwait Real Estate Co KPSC 2023 AR2
The report highlights Kuwait Real Estate Company's (AQARAT) financial and operational performance for the fiscal year 2023, showcasing a 55% increase in net profit to KD 11.3 million and a 9% growth in total assets to KD 393.4 million. Key developments include expanding into the health and fitness market in Kuwait and Qatar, progress on the 501 First Residences project in Miami, and full occupancy of the Domus Indigo staff housing properties in Dubai. The company also introduced its Sustainability Framework, aligning operations with the UN Sustainable Development Goals, GRI Standards, and New Kuwait Vision 2035.
Company: Kuwait Real Estate Co KPSC
Sector: Financials
Country: Kuwait
Year: 2023
Type: AR2
Pages: 65
Kuwait Real Estate Co KPSC
Annual Report
The report highlights Kuwait Real Estate Company's (AQARAT) financial and operational performance for the fiscal year 2023, showcasing a 55% increase in net profit to KD 11.3 million and a 9% growth in total assets to KD 393.4 million. Key developments include expanding into the health and fitness market in Kuwait and Qatar, progress on the 501 First Residences project in Miami, and full occupancy of the Domus Indigo staff housing properties in Dubai. The company also introduced its Sustainability Framework, aligning operations with the UN Sustainable Development Goals, GRI Standards, and New Kuwait Vision 2035.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
No data available