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Manazel Holding Company KPSC
Kuwait Reinsurance Tower, 17th Floor
Al Shuhada Street, Al Sharq Area
Phone: +965 22324476p:+965 22324476 SAFAT, 13121  Kuwait Ticker: MANAZELMANAZEL
Business Summary
Manazel Holding Co KPSC is a Kuwait-based public shareholding company engaged in the housing and real estate sector. The Company operates through two business segments: Real Estate and Investment. The Real Estate segment is engaged in the ownership, sale, purchase and development of real estate and land, as well as property management. The Investment segment is engaged in investment and portfolios managed by specialized companies. The Company carries out its activities in accordance with Islamic sharia principles. The Company’s subsidiaries include Manazel Real Estate Developments and Manazel Developments, which are engaged in residential, commercial, industrial and touristic property investment, development and sale. The Company’s projects include, among others, Layan Project, a residential project of 442 luxury residential villas spread over a million square meters of land in Cairo, Egypt, and Al Sura Project which is a residential development project in Kuwait.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023Yes----

Industries
SIC Code Description
6513 Operators of apartment buildings
1531 Operative builders
6531 Real estate agents and managers
6552 Land subdividers and developers, except cemeteries
6289 Services allied with the exchange of securities or commodities

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, representing Investment Dar Company Adnan A.Al Nisf 5/12/2013
Vice Chairman of the Board, representing Al Dar Asset Management Co. Ibrahim A.Sakhi 5/15/2014 5/17/2011
Finance Manager MohammedAbu Dabasi
6 additional Officers and Directors records available in full report.

Business Names
Business Name
MANAZEL
Manazel Holding Co KSCC

General Information
Outstanding Shares: 430,430,000 (As of 12/31/2023)
Stock Exchange: KUW
Fax Number: +965 22324472


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Monday, April 15, 2024