Artificial Intelligence
Builders Company
Developers/Mabanee
M
MabaneeKuwait · founded 1964 · 3 active markets
PUBLIC LISTED

Mabanee develops mixed-use destinations, shopping malls, hotels, retail and residential communities in Kuwait, Bahrain, and Saudi Arabia. It targets consumers, tenants, investors, and communities through development, ownership, operation, and management of commercial, entertainment, hospitality, and lifestyle assets.

Years in business
62
founded 1964
LinkedIn headcount
400
employees, as shown on LinkedIn · size band 201–500
Portfolio value
KWD 1.49 billion
31 December 2025
Projects last researched October 13, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Mabanee Company K.P.S.C.1
Headquarters
Al Rai Area, Sheikh Zayed bin Sultan Al Nahyan Road, The Avenues – 2nd Avenue, Entrance 91, Kuwait
Founded
19641
Entity type
PUBLIC LISTED2
Business model
mixed use2, commercial2
Markets
3 markets listed
What they build
Retail (3 of 6) · Hotel (3 of 6)
Full dossier in About →

Delivery record

6 date-assessed of 6 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-16 through 2026-10-16, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
6
within the rolling ten-year window
Median delay
+18.0 mo
the middle of 6 scored projects
Average delay
+22.3 mo
the same projects, pulled by the worst
Average time to deliver
4.5 yrs
start to completion, over 6 delivered projects
Worst slip
+64.5 mo
The Avenues – Bahrain Phase II · +59.0 to +70.0
1
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
4
red rows below

Against other developers

6 date-assessed here · 6 developers, 22 date-assessed projects in Kuwait
Median delay
Mabanee·6 developers in Kuwait
+18.0 mo vs +9.8 mo
this developer 8.2 mo worse
The typical project on each side.
Average delay
Mabanee·6 developers in Kuwait
+22.3 mo vs +13.6 mo
this developer 8.7 mo worse
Both pulled by their worst few.
On time
Mabanee·6 developers in Kuwait
17% vs 45%
this developer 28 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Mabanee·6 developers in Kuwait
4.5 yrs vs 4.8 yrs
this developer 0.3 yrs faster
Start to completion, over 6 delivered here and 12 in the market.
Projects and timelines in Track Record →

Resident experience

6 of 6 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.8/ 10
Weighted judgment across build and operations · from 6 of 6 rated buildings
Little structure evidence (2 of 6 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
8.0/ 10
Fabric, services, waterproofing, envelope · from 2 of 6 rated buildings
Management & living
8.1/ 10
Upkeep, response times, amenities, community · from 6 of 6 rated buildings

Against other developers

6 rated here · 7 developers, 27 rated buildings in Kuwait
Overall rating
Mabanee · 7 other developers in Kuwait
8.8 vs 8.1
this developer 0.7 better
The weighted verdict on each side. From 6 of 6 rated buildings here and 27 in the market.
Structure & systems
Mabanee · 7 other developers in Kuwait
— vs —
Too few buildings with this score here to compare (2 of 6)
Fabric and engineering only — fixed at handover. From 2 of 6 rated buildings here and 7 in the market.
Management & living
Mabanee · 7 other developers in Kuwait
8.1 vs 7.8
this developer 0.3 better
Upkeep and response — belongs to whoever runs the building now. From 6 of 6 rated buildings here and 26 in the market.
The market here is Kuwait: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

  • SAFETY / QUALITY Certified 8 January 2026
    Great Place to Work Certification 2025–2026
    Mabanee was officially certified as a Great Place to Work in the GCC for 2025–2026, based on an employee-opinion survey administered by Great Place to Work.
    Great Place to Work · https://alanba.com.kw/1340451
  • PROJECT AWARD Winner 4 December 2024
    Arabian Property Awards 2024–2025 — Best Leisure Architecture · The Avenues – Bahrain Phase II
    The Avenues – Bahrain was reported as winning the Best Leisure Architecture category at the Arabian Property Awards 2024–2025; the source identifies the project but does not separately state Mabanee’s corporate role.
  • PROJECT AWARD Winner 4 December 2024
    Arabian Property Awards 2024–2025 — Best Retail Development · The Avenues – Bahrain Phase II
    The Avenues – Bahrain was reported as winning the Best Retail Development category at the Arabian Property Awards 2024–2025; the source identifies the project but does not separately state Mabanee’s corporate role.
  • 4 more in Awards
All awards →

Risks & source coverage

  • PROJECT CANCELLED Reported 14 August 2024; cancellation announced by Mabanee in a Kuwait bourse filing. Mabanee announced that it would scrap The Avenues–Sharjah mall project and terminate its joint venture, Mabanee Shurooq Company, formed with Sharjah Investment & Development Authority (Shurooq).
  • DELIVERY DELAY Reported 12–13 August 2020; the six-month hold was announced after Shomoul’s 12 August 2020 board meeting. The Avenues–Riyadh project, being developed through Mabanee’s Saudi joint venture Shomoul Holding, was placed on hold for six months during the COVID-19 crisis, with contracting and financing activities suspended while the project was re-evaluated; Mabanee’s later reporting states an opening target of Q1 2027, so the 2020 hold is historical evidence of delay rather than evidence that the project is currently stalled.
  • PROJECT CANCELLED 14 August 2024 (source publication; cancellation reported as an announced decision) The Avenues Sharjah mall project was cancelled in August 2024, with Mabanee stating it would liquidate and dissolve its 65%-owned Mabanee Shurooq joint venture with Sharjah Investment & Development Authority; this is a cancelled JV/project event, not evidence of parent-only liability.
  • 1 more in Risk & Sources
Record status
active
Company sources
112 source entries across 108 fields
Projects tracked
6 · 6 completed in assessment
All flags and sources →

Track Record

Delivery record

6 date-assessed of 6 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-16 through 2026-10-16, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
6
within the rolling ten-year window
Median delay
+18.0 mo
the middle of 6 scored projects
Average delay
+22.3 mo
the same projects, pulled by the worst
Average time to deliver
4.5 yrs
start to completion, over 6 delivered projects
Worst slip
+64.5 mo
The Avenues – Bahrain Phase II · +59.0 to +70.0
1
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
4
red rows below

Against other developers

6 date-assessed here · 6 developers, 22 date-assessed projects in Kuwait
Median delay
Mabanee·6 developers in Kuwait
+18.0 mo vs +9.8 mo
this developer 8.2 mo worse
The typical project on each side.
Average delay
Mabanee·6 developers in Kuwait
+22.3 mo vs +13.6 mo
this developer 8.7 mo worse
Both pulled by their worst few.
On time
Mabanee·6 developers in Kuwait
17% vs 45%
this developer 28 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Mabanee·6 developers in Kuwait
4.5 yrs vs 4.8 yrs
this developer 0.3 yrs faster
Start to completion, over 6 delivered here and 12 in the market.
The market here is Kuwait: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

6 of 6 projects dated · 2 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Manama, Bahrain
Kuwait City, Kuwait
20142015201620172018201920202021202220232024202520262027todayMANAMA, BAHRAIN+64.5 moverified+16.5 moverified+19.5 moverifiedKUWAIT CITY, KUWAIT+4 moverified+9.5 moverified+20 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures.

Building & Livability Ratings

Resident experience

6 of 6 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.8/ 10
Weighted judgment across build and operations · from 6 of 6 rated buildings
Little structure evidence (2 of 6 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
8.0/ 10
Fabric, services, waterproofing, envelope · from 2 of 6 rated buildings
Management & living
8.1/ 10
Upkeep, response times, amenities, community · from 6 of 6 rated buildings

Against other developers

6 rated here · 7 developers, 27 rated buildings in Kuwait
Overall rating
Mabanee · 7 other developers in Kuwait
8.8 vs 8.1
this developer 0.7 better
The weighted verdict on each side. From 6 of 6 rated buildings here and 27 in the market.
Structure & systems
Mabanee · 7 other developers in Kuwait
— vs —
Too few buildings with this score here to compare (2 of 6)
Fabric and engineering only — fixed at handover. From 2 of 6 rated buildings here and 7 in the market.
Management & living
Mabanee · 7 other developers in Kuwait
8.1 vs 7.8
this developer 0.3 better
Upkeep and response — belongs to whoever runs the building now. From 6 of 6 rated buildings here and 26 in the market.
The market here is Kuwait: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

6 rated · 0 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
The Avenues – Kuwait Phase IVAl Rai, Kuwait City
9.2/ 10
9.2/ 10
9.0/ 10

The largest reported review base is the Phase 4 Google aggregate reproduced by Top-Rated.online at 4.7/5 from 12.9K reviews, converting to 9.2/10 under the supplied curve. Tripadvisor and Evendo are materially consistent at 4.7/5, while the recurring commentary is strongly positive overall but includes minor crowding and navigation friction; the resulting resident-experience score is 9.1.

+ Architectural design+ Glass-ceiling design+ Air-conditioned interior+ Reportedly well-maintained
+ Wide retail choice+ Many dining options+ Entertainment and cinemas+ Family-friendly facilities+ Friendly staff
− Peak-time crowding− Traffic congestion− Difficult navigation− Expensive dining− Limited facilities

Reviewers describe the complex as “an architectural delight,” with modern and traditional architecture, glass ceilings and fully air-conditioned areas. Top-Rated.online lists the Phase 4 location as “Well-maintained”; no published review evidence located here reports leaks, plumbing, HVAC failure, electrical problems, flooding or other structural-system failures.

The published feedback portrays a destination with “shops, an array of dining options, cinemas, entertainment and more,” and one review says the range makes it “like walking through a small city.” Operational friction is mainly visitor-volume related: reviewers mention that it was “super busy,” traffic was “a nightmare,” and that the mall can be too large to explore efficiently; Top-Rated.online also lists “Friendly staff” among its positives.

Waldorf Astoria KuwaitAl Rai, Kuwait City200 units
9.1/ 10
—/ 10
8.3/ 10
Booking.com 9.5/10, 9.6/10, 9.7/10, 9.7/10, 9.7/10, 8.5/10, 9/10 · 1,919 reviews · booking.com
Combined from 7 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.3.

Booking.com provides the largest review base and publishes a 9.5/10 overall guest rating, which converts to 9.0 under the specified guest curve. The reported themes are mostly positive and add a small net uplift, while recurring service, check-in and management complaints offset part of it; no structure score is assigned because the evidence does not publish a building-fabric rating.

+ Spacious rooms+ Soundproof rooms listed+ Modern fixtures and bathrooms+ Well-maintained facilities reported
− Shower temperature fluctuation− No proper bathroom socket for hair dryer− Room-turnover cleanliness failure
+ Friendly staff+ Professional service+ Mall connection+ Strong breakfast and dining+ Spa and pool amenities
− Check-in delays− Slow breakfast service− Reception attitude complaints− Repetitive breakfast reported− Early-opening amenities unavailable

Published guest feedback is generally positive about the rooms and facilities: one reviewer described the property as “luxury, nice, modern & clean,” while another called the rooms “beautiful and clean.” However, individual reports identify a shower that “kept turning hot and cold,” no proper bathroom electrical socket for a hair dryer, and a room handed over during housekeeping turnover with used items still present; these are operational defects rather than evidence of a broader structural failure.

Day-to-day feedback is strongly positive overall: guests describe staff as “friendly and professional,” say they “felt at home,” and praise the pool, spa, breakfast and direct mall connection. The less favorable reports concern delayed check-in, slow breakfast service, a repetitive breakfast during an early stay, and isolated complaints that reception or senior management were unwelcoming; an older opening-period review also called service “scattered and lacking.”

The Avenues – Bahrain Phase IManama
8.8/ 10
—/ 10
8.8/ 10

The Google Reviews/Maps aggregate of 4.5/5 from 33,891 reviews sets the level and converts to 8.5/10. Tripadvisor is also positive at 4.3/5 from 239 reviews and does not materially disagree; the written themes add modest net positive movement for the highly repeated waterfront, design, cleanliness and atmosphere praise, while the negative themes are mainly minor convenience complaints. No structural score is assigned because the reviewed material did not publish evidence about framework, plumbing, HVAC, electrical systems, leaks or waterproofing.

+ Waterfront promenade and views+ Spacious, clean design+ Varied restaurants and cafés+ Family-friendly atmosphere+ Visible security
− Parking congestion− Complicated access− Incomplete retail offering in early reviews− Crowding and evening traffic

no notes returned

no links returned

Published reviews consistently praise the waterfront boardwalk, sea views, spacious layout, restaurants and clean, family-friendly atmosphere; one recent review specifically says the mall is “spacious, clean, and well designed,” while another praises the cameras and security. Older reviews report operational friction rather than building failures: “the parking lot is an extreme flop,” access was “a bit complicated,” and several outlets or the cinema had not yet opened; those early comments should not be treated as current completion status.

The Avenues – Bahrain Phase IIManama244 units
8.7/ 10
—/ 10
8.7/ 10

Google’s 4.5/5 aggregate from 33,891 reviews is the largest review base and converts to an 8.5 anchor under the supplied curve. Tripadvisor’s 4.3/5 from 239 reviews is directionally consistent and does not differ by more than one converted point; the positive themes add a modest commentary uplift. No structure score is assigned because the published material located did not provide a review-based structural rating or resident infrastructure evidence.

+ Waterfront promenade and views+ Clean common areas+ Spacious layout+ Wide restaurant and café choice+ Perceived security
− Some missing major stores− Evening traffic congestion

no notes returned

no links returned

Published reviews describe a generally strong day-to-day visitor experience: one called the mall “spacious, clean, and well designed,” while another praised the bay walkway, restaurants and evening atmosphere. A reviewer also said cameras and “lots of security” made them feel safe; the main operational reservations found were missing major stores and evening traffic congestion.

Hilton Garden Inn Bahrain BayBahrain Bay, Manama192 units
8.5/ 10
6.7/ 10
Tripadvisor 4.2/5 · 130 reviews · tripadvisor.com
Tripadvisor publishes 4.2/5 from 130 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.7.
6.0/ 10
Tripadvisor 4.5/5, 4.2/5, 3.7/5 · 130 reviews · tripadvisor.com
Kayak 10/10, 9/10, 8.5/10, 3/10, 2/10 · 2,021 reviews · kayak.com
Combined from 8 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.

The largest reported review base is Google’s 4.4/5 from 3,047 reviews, which converts to 8.2/10 under the supplied curve and sets the level. Tripadvisor and Kayak are directionally consistent, while the written praise supports a modest upward commentary adjustment; no recurring serious or moderate failure was evidenced. Structure is limited to guest-reported room/property condition and the Tripadvisor rooms sub-score, so it is less certain than the living assessment.

+ Clean modern rooms+ Spacious rooms+ Comfortable beds+ Good soundproofing+ Well-maintained property
+ Friendly attentive staff+ Quick reception service+ Bay views+ Direct mall access+ Good breakfast and amenities
− Low value-for-money sub-score− Low parking sub-score

Published guest feedback describes the rooms as “clean, modern, and very comfortable,” with another reviewer calling them “spacious” and reporting “perfect soundproof.” No reviewed source located for this report published a recurring complaint about leaks, HVAC, plumbing, lifts or other serious building-system failure.

The daily experience is strongly positive in the written feedback: guests describe staff as “phenomenal,” “very friendly and polite,” and “quick,” while praising the pool, gym, breakfast and direct connection to The Avenues. The main quantified cautions are Kayak’s 3/10 value-for-price and 2/10 parking sub-scores; these are guest-platform sub-scores, not evidence of a building defect.

Hilton Garden Inn KuwaitAl Rai, Kuwait City385 units
8.4/ 10
—/ 10
7.7/ 10
Booking.com 8.9/10, 9/10, 9.5/10, 7.9/10, 8.6/10, 9.2/10 · 3,717 reviews · booking.com
KAYAK 9.5/10, 8.5/10 · 2,337 reviews · kayak.com
Combined from 8 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.7.

Booking.com has the largest published review base, with an 8.7/10 overall guest rating from 3,717 reviews, which sets the converted level at 7.4/10 under the stated guest-rating curve. The report contains no separately countable recurring complaint theme and no published building-fabric evidence, so no commentary or structure adjustment is applied.

+ Mall-connected location+ Friendly professional staff+ Clean rooms+ Good breakfast+ Helpful housekeeping

no notes returned

no links returned

Published guest feedback is strongly positive about day-to-day experience: reviewers describe “friendly and professional” staff, “clean rooms,” convenient indoor access to The Avenues Mall and a breakfast with “good variety.” KAYAK’s review synthesis nonetheless mentions slow service response and occasional entrance congestion, while Booking.com’s value-for-money sub-score is 7.9/10; these are platform-level observations rather than separately countable recurring complaints here.

Only buildings that have reached handover are rated. 0 of 6 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
Mabanee Company K.P.S.C.
Headquarters
Al Rai Area, Sheikh Zayed bin Sultan Al Nahyan Road, The Avenues – 2nd Avenue, Entrance 9, Kuwait
Al Rai Area · 13052
Founded
1964
Kuwait
Entity type
PUBLIC LISTED
Revenue
KWD 138.69 million
2025
Business model
mixed use, commercial

Offices

head office and 1 other
Safat

Sources: office cities

SOCIALdate not shown in source

Mabanee Company (K.P.S.C)

LinkedIn
Headquartered in United States, with offices in alrai, Safat, and Al-Rai.
value seen: Safat
value paraphrased from this source
https://www.linkedin.com/company/mabanee-co-/

Partners

8 partners
Shomoul Holding
joint venture

Partnership for the Saudi Arabia development platform.

Al-Fouzan Group
joint venture

Partner in Shomoul Holding for Saudi Arabia developments.

Alshaya
joint venture

Partner in Shomoul Holding and Sorouh strategic platforms.

Sorouh Management Company
joint venture

Partnership for Bahrain involving Mabanee, Bahraini real estate investors and Alshaya.

National Industries Group
joint venture

Alliance partner in developing Aventura in Jaber Al-Ahmad City.

Privatization Holding Company
joint venture

Alliance partner in developing Aventura in Jaber Al-Ahmad City.

Touristic Enterprises Company
government partner

Tender counterparty for operating and managing a seafront resort in Kuwait for 17 years.

Hilton International
operator

Agreement to manage Hilton Kuwait Resort (Plage-13) for 17 years.

Sources: name

FILINGdate not shown in source

ANNUAL REPORT

Mabanee Company
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
value seen: Shomoul Holding
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: partner type

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
strategic partnerships
value seen: JV_PARTNER
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: summary

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
value seen: Partnership for the Saudi Arabia development platform.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf
FILINGdate not shown in source

ANNUAL REPORT

Mabanee Company
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
value seen: Partnership for the Saudi Arabia development platform.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: name

FILINGdate not shown in source

ANNUAL REPORT

Mabanee Company
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
value seen: Al-Fouzan Group
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: partner type

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
partnership
value seen: JV_PARTNER
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: summary

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
value seen: Partner in Shomoul Holding for Saudi Arabia developments.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: name

FILINGdate not shown in source

ANNUAL REPORT

Mabanee Company
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
value seen: Alshaya
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: partner type

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
partnership
value seen: JV_PARTNER
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: summary

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
The company maintains key strategic partnerships, including Shomoul Holding, a partnership between Mabanee, Al-Fouzan Group, and Alshaya, in the Kingdom of Saudi Arabia,
value seen: Partner in Shomoul Holding and Sorouh strategic platforms.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: name

FILINGdate not shown in source

ANNUAL REPORT

Mabanee Company
as well as Sorouh Management Company which is a partnership between Mabanee, Bahraini real estate investors, and Alshaya.
value seen: Sorouh Management Company
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: partner type

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
partnership
value seen: JV_PARTNER
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: summary

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
as well as Sorouh Management Company which is a partnership between Mabanee, Bahraini real estate investors, and Alshaya.
value seen: Partnership for Bahrain involving Mabanee, Bahraini real estate investors and Alshaya.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: name

FILINGdate not shown in source

ANNUAL REPORT

Mabanee Company
Mabanee, along with an alliance that includes the National Industries Group and the Privatization Holding Company, is developing the project
value seen: National Industries Group
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: partner type

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
alliance
value seen: JV_PARTNER
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: summary

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
Mabanee, along with an alliance that includes the National Industries Group and the Privatization Holding Company, is developing the project
value seen: Alliance partner in developing Aventura in Jaber Al-Ahmad City.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: name

FILINGdate not shown in source

ANNUAL REPORT

Mabanee Company
Mabanee, along with an alliance that includes the National Industries Group and the Privatization Holding Company, is developing the project
value seen: Privatization Holding Company
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: partner type

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
alliance
value seen: JV_PARTNER
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: summary

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
Mabanee, along with an alliance that includes the National Industries Group and the Privatization Holding Company, is developing the project
value seen: Alliance partner in developing Aventura in Jaber Al-Ahmad City.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: name

FILINGdate not shown in source

ANNUAL REPORT

Mabanee Company
the Parent Company was awarded a tender from Touristic Enterprise Company (“TEC”) to operate and manage a seafront resort located in Kuwait for a period of 17 years.
value seen: Touristic Enterprises Company
held out of the figures · the quote does not carry this value
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: partner type

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
tender from Touristic Enterprise Company
value seen: GOVERNMENT_PARTNER
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: summary

COMPANYdate not shown in source

ANNUAL REPORT

Mabanee
the Parent Company was awarded a tender from Touristic Enterprise Company (“TEC”) to operate and manage a seafront resort located in Kuwait for a period of 17 years.
value seen: Tender counterparty for operating and managing a seafront resort in Kuwait for 17 years.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: name

COMPANYdate not shown in source

| Projects

Mabanee
An agreement has been signed with Hilton International to manage the Hilton Kuwait Resort (Plage-13) for a duration of 17 years.
value seen: Hilton International
https://mabanee.com/en/projects

Sources: partner type

COMPANYdate not shown in source

| Projects

Mabanee
agreement ... to manage
value seen: OPERATOR
value paraphrased from this source
https://mabanee.com/en/projects

Sources: summary

COMPANYdate not shown in source

| Projects

Mabanee
An agreement has been signed with Hilton International to manage the Hilton Kuwait Resort (Plage-13) for a duration of 17 years.
value seen: Agreement to manage Hilton Kuwait Resort (Plage-13) for 17 years.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mabanee.com/en/projects

Registrations & licences

none found
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

3 countries
Kuwaitactive 3 projects tracked
Saudi Arabiaactive 0 projects tracked
Bahrainactive 3 projects tracked

What they build

2 types
Retail3 of 6
Hotel3 of 6
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
MA
Mohammed Abdulaziz Alshaya
Mabanee’s non-executive board chairman; independently described as executive chairman of Mohammed Hamoud Alshaya Company, the principal retail arm of Alshaya Group. His documented external roles include economic, philanthropic and healthcare advisory boards.
Current title
Chairman of Board of Directors
Experience
no career length stated
Companies before
none sourced
Education
Kuwait UniversityBA in Marketing
Wharton School of Business, University of PennsylvaniaMBA
Other boards
Advisory Council of Dubai International ChamberBoard of Trustees, Arab Thought FoundationInternational Leadership Board, Cleveland ClinicWharton Board of Overseers
Known for
ChairmanExecutive Chairman, Alshaya Group

Sources: education

OTHERdate not shown in source

Mohammed Alshaya | World Economic Forum

World Economic Forum
BA in Marketing, Kuwait University; MBA, Wharton School of Business, University of Pennsylvania.
value seen: BA in Marketing, Kuwait University; MBA, Wharton School of Business, University of Pennsylvania
https://www.weforum.org/people/mohammed-alshaya/

Sources: other boards

OTHERdate not shown in source

Mohammed Alshaya | World Economic Forum

World Economic Forum
Member: Advisory Council of the Dubai International Chamber; Board of Trustees, Arab Thought Foundation; International Leadership Board, Cleveland Clinic; Wharton Board of Overseers.
value seen: Advisory Council of the Dubai International Chamber; Board of Trustees, Arab Thought Foundation; International Leadership Board, Cleveland Clinic; Wharton Board of Overseers
https://www.weforum.org/people/mohammed-alshaya/

Sources: summary

FILINGdate not shown in source

ANNUAL REPORT

Mabanee
Mohammed Abdulaziz Alshaya One of the most prominent business leaders in the State of Kuwait and the region, and the Executive Chairman of Mohammed Hamoud Alshaya Company, the principal retail arm of Alshaya Group
value seen: Executive Chairman of Mohammed Hamoud Alshaya Company
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: title

COMPANYdate not shown in source

| About Mabanee

Mabanee
Mohammed A. Alshaya Chairman of Board of Directors Work Experience
value seen: Chairman of Board of Directors
https://www.mabanee.com/en/about-mabanee
MA
Mohammad Abdullateef Alshaya
Mabanee’s non-executive vice chairman. The 2025 annual report describes experience across commerce, investment, finance, real estate development, hospitality and retail, including leadership in Alshaya Real Estate Development Company and Eastern Hotels Company.
Current title
Vice Chairman of the Board
Experience
no career length stated
Companies before
none sourced
Education
University of Petroleum and Minerals, DhahranBachelor of Civil Engineering
Other boards
Executive Director, Eastern Hotels CompanyBoard member of Alshaya Group companies
Known for
Vice ChairmanNon-executive directorReal estate development

Sources: education

FILINGdate not shown in source

ANNUAL REPORT

Mabanee
Mohammad Abdullateef Alshaya Vice Chairman Non-Executive Member - Bachelor of Civil Engineering from the University of Petroleum and Minerals, Dhahran - Kingdom of Saudi Arabia.
value seen: Bachelor of Civil Engineering from the University of Petroleum and Minerals, Dhahran
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: other boards

FILINGdate not shown in source

ANNUAL REPORT

Mabanee
In addition to holding the position of CEO of Alshaya Real Estate Development Company, he is the Executive Director of Eastern Hotels Company and holds membership in the Board of Directors of Alshaya Group companies.
value seen: Executive Director of Eastern Hotels Company; membership in the Board of Directors of Alshaya Group companies
held out of the figures · the quote does not carry this value
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: summary

FILINGdate not shown in source

ANNUAL REPORT

Mabanee
In addition to holding the position of CEO of Alshaya Real Estate Development Company, he is the Executive Director of Eastern Hotels Company and holds membership in the Board of Directors of Alshaya Group companies.
value seen: CEO of Alshaya Real Estate Development Company; Executive Director of Eastern Hotels Company
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf

Sources: title

FILINGdate not shown in source

ANNUAL REPORT

Mabanee
Mohammad Abdullateef Alshaya Vice Chairman of the Board Non-Executive Member
value seen: Vice Chairman of the Board
https://mabanee.com/storage/storageannual-reports/annual-report-2025-eng-2070077368.pdf
WK
Waleed Khaled Alsharian
Mabanee CEO since 2006, with about 40 years of experience according to Forbes Middle East. His documented current portfolio includes CEO of Shomoul Holding, director of Al Sorouh Management, general manager of Mabanee Bahrain and chairman of Al Rai Logistica.
Current title
Chief Executive Officer
since 2006
Experience
40+ years ~’ experience
Companies before
Kuwait Public Transport Company
Education
North Carolina Agricultural and Technical State UniversityBachelor’s degree in Industrial Engineering
Other boards
Director, Al Sorouh Management Company – BahrainChairman, Al Rai Logistica Company – Kuwait
Known for
CEO since 2006Industrial engineering
https://linkedin.com/in/waleed-alsharian-9128b226
We anticipate good revenue from the hotel, despite hotel performances in Kuwait in general being a little challenging. Mabanee August 13, 2025https://mabanee.com/storage/storageanalysts-investors-conference/transcript_ar_eng_call-q3-2025_final-version-(1)-61620203.pdf

Sources: education

PRESS2025-06-18

Waleed Khaled AlSharian | Chief Executive Officer | Mabanee Company

RLC Global Forum
Waleed Alsharian holds a bachelor’s degree in industrial engineering from North Carolina Agriculture & Technical State University, USA (1984).
value seen: bachelor’s degree in industrial engineering from North Carolina Agriculture & Technical State University, USA (1984)
https://rlcglobalforum.com/speaker/waleed-khaled-alsharian/

Sources: linkedin page

SOCIALdate not shown in source

Waleed Alsharian

LinkedIn
# Waleed Alsharian Chief Executive Officer at Mabanee Company (K.P.S.C)
value seen: https://linkedin.com/in/waleed-alsharian-9128b226
https://linkedin.com/in/waleed-alsharian-9128b226

Sources: other boards

PRESS2025-06-18

Waleed Khaled AlSharian | Chief Executive Officer | Mabanee Company

RLC Global Forum
Director of Al Sorouh Management Company – Bahrain, General Manager of Mabanee Bahrain Company – Kuwait, Chairman of Al Rai Logistica Company – Kuwait
value seen: Director of Al Sorouh Management Company – Bahrain; Chairman of Al Rai Logistica Company – Kuwait
held out of the figures · the quote does not carry this value
https://rlcglobalforum.com/speaker/waleed-khaled-alsharian/

Sources: quotes

FILING2025-08-13

Mabanee Company earnings call transcript Q3 2025

Mabanee
Tareq AlAdsani: We anticipate good revenue from the hotel, despite hotel performances in Kuwait in general being a little challenging.
value seen: We anticipate good revenue from the hotel, despite hotel performances in Kuwait in general being a little challenging.
https://mabanee.com/storage/storageanalysts-investors-conference/transcript_ar_eng_call-q3-2025_final-version-(1)-61620203.pdf

Sources: since

PRESS2024-03-27

Waleed Khaled Alsharian - Top 100 Real Estate Developers In MENA 2024

Forbes Middle East
Waleed Khaled Alsharian has about 40 years of experience and joined Mabanee as CEO in 2006.
value seen: joined Mabanee as CEO in 2006
https://www.forbesmiddleeast.com/lists/most-impactful-real-estate-leaders-2024/waleed-khaled-alsharian/

Sources: summary

PRESS2025-06-18

Waleed Khaled AlSharian | Chief Executive Officer | Mabanee Company

RLC Global Forum
Current Positions include Chief Executive Officer, Mabanee Company – Kuwait, Chief Executive Officer, Shomoul Holding Company- KSA, Director of Al Sorouh Management Company – Bahrain, General Manager of Mabanee Bahrain Company – Kuwait, Chairman of Al Rai Logistica Company – Kuwait
value seen: Current Positions include Chief Executive Officer, Mabanee Company – Kuwait, Chief Executive Officer, Shomoul Holding Company- KSA
value paraphrased from this source
https://rlcglobalforum.com/speaker/waleed-khaled-alsharian/

Sources: title

COMPANYdate not shown in source

| About Mabanee

Mabanee
Mr. Waleed Khaled Alsharian Chief Executive Officer --
value seen: Chief Executive Officer
https://www.mabanee.com/en/about-mabanee
TA
Tareq Abdulwahab AlAdsani
Mabanee’s deputy CEO. His documented background includes investment-company and Kuwait Investment Authority roles, a mechanical-engineering degree, a Harvard Business School leadership programme and prior board experience.
Current title
Deputy Chief Executive Officer
since Feb 2018
Experience
no career length stated
Companies before
First Investment CompanyGulf Investment HouseKuwait Investment AuthorityKAMCO Invest
Education
Gannon UniversityBachelor’s degree in Mechanical Engineering
Harvard Business SchoolProgram for Leadership Development
Other boards
Former board member, Kingdom UniversityFormer vice chairman, Taameer Investment
Known for
Deputy CEOInvestment backgroundMechanical engineering
https://linkedin.com/in/tareq-aladsani-88466255
A few highlights from another exciting and positive quarter including a 4% growth in revenue, 20% growth in EBITDA and 37% increase in net profit, resulting mainly from a land sale in Kuwait in the beginning of the year as well as good operational performance on all levels. Mabanee August 13, 2025https://mabanee.com/storage/storageanalysts-investors-conference/transcript_ar_eng_call-q3-2025_final-version-(1)-61620203.pdf

Sources: education

SOCIALdate not shown in source

Tareq Aladsani

LinkedIn
Bachelor's degree, Mechanical Engineering at Gannon University; Program For Leadership Development at Harvard Business School
value seen: Bachelor's degree, Mechanical Engineering at Gannon University; Program For Leadership Development at Harvard Business School
https://linkedin.com/in/tareq-aladsani-88466255

Sources: linkedin page

SOCIALdate not shown in source

Tareq Aladsani

LinkedIn
# Tareq Aladsani Deputy CEO at Mabanee Company S.A.K
value seen: https://linkedin.com/in/tareq-aladsani-88466255
https://linkedin.com/in/tareq-aladsani-88466255

Sources: quotes

FILING2025-08-13

Mabanee Q3 2025 earnings call transcript

Mabanee
Tareq AlAdsani: A few highlights from another exciting and positive quarter including a 4% growth in revenue, 20% growth in EBITDA and 37% increase in net profit, resulting mainly from a land sale in Kuwait in the beginning of the year as well as good operational performance on all levels.
value seen: A few highlights from another exciting and positive quarter including a 4% growth in revenue, 20% growth in EBITDA and 37% increase in net profit, resulting mainly from a land sale in Kuwait in the beginning of the year as well as good operational performance on all levels.
https://mabanee.com/storage/storageanalysts-investors-conference/transcript_ar_eng_call-q3-2025_final-version-(1)-61620203.pdf

Sources: since

SOCIALdate not shown in source

Tareq Aladsani

LinkedIn
### Deputy CEO - Mabanee Company (K.P.S.C) (Current) Feb 2018 - Present
value seen: Feb 2018 - Present
https://linkedin.com/in/tareq-aladsani-88466255

Sources: summary

SOCIALdate not shown in source

Tareq Aladsani

LinkedIn
Deputy CEO at Mabanee Company S.A.K
value seen: Deputy CEO at Mabanee Company S.A.K
value paraphrased from this source
https://linkedin.com/in/tareq-aladsani-88466255

Sources: title

COMPANYdate not shown in source

| About Mabanee

Mabanee
Mr. Tareq Abdulwahab AlAdsani Deputy Chief Executive Officer --
value seen: Deputy Chief Executive Officer
https://www.mabanee.com/en/about-mabanee
WK
Waleed Khaled Al Fahad
Mabanee’s COO, promoted after internal roles including facilities management, tenant affairs and mall director. Independent professional information describes earlier project-engineering and turnkey-project experience in addition to mall operations and construction coordination.
Current title
Chief Operating Officer
since Feb 2020
Experience
no career length stated
Companies before
Kuwaiti Manager Company & Bovis Lend Lease (JV)Global Logistics Services & Warehousing Co.
Education
Florida Institute of TechnologyBachelor of Applied Science in Civil Engineering
Harvard Business SchoolProgram for Leadership Development
Other boards
none sourced
Known for
COO since 2020Mall operationsFacilities management
https://linkedin.com/in/waleed-al-fahad-8946a864

Sources: education

DIRECTORYdate not shown in source

Waleed al Fahad - Chief Operating Officer at Mabanee | The Org

The Org
Waleed Al Fahad pursued a Bachelor of Applied Science (B.A.Sc.) in Civil Engineering from Florida Institute of Technology
value seen: Bachelor of Applied Science (B.A.Sc.) in Civil Engineering from Florida Institute of Technology
https://www.theorg.com/org/mabanee/org-chart/waleed-al-fahad

Sources: linkedin page

SOCIALdate not shown in source

Waleed Al Fahad

LinkedIn
# Waleed Al Fahad Chief Operating Officer at Mabanee Company (K.P.S.C)
value seen: https://linkedin.com/in/waleed-al-fahad-8946a864
https://linkedin.com/in/waleed-al-fahad-8946a864

Sources: since

SOCIALdate not shown in source

Waleed Al Fahad

LinkedIn
Chief Operating Officer (Current) Feb 2020 - Present
value seen: Feb 2020 - Present
https://linkedin.com/in/waleed-al-fahad-8946a864

Sources: summary

DIRECTORYdate not shown in source

Waleed al Fahad - Chief Operating Officer at Mabanee | The Org

The Org
Waleed Al Fahad has extensive work experience in various roles within the facilities management, project management, and construction industries.
value seen: facilities management, project management, and construction industries
value paraphrased from this source
https://www.theorg.com/org/mabanee/org-chart/waleed-al-fahad

Sources: title

COMPANYdate not shown in source

| About Mabanee

Mabanee
Mr. Waleed Khaled Al Fahad Chief Operating Officer --
value seen: Chief Operating Officer
https://www.mabanee.com/en/about-mabanee
AR
Abhishek Rastogi
Mabanee’s CFO since August 2023, after serving as director of finance. His documented prior finance roles include group financial controller, finance manager and senior financial analyst in Kuwait, supported by an MBA in Finance and Business.
Current title
Chief Financial Officer
since Aug 2023
Experience
no career length stated
Companies before
Al-Bahar GroupAlyasra FoodsAlshaya Group
Education
Manipal Academy of Higher EducationMBA, Finance and Business
University of LucknowB.Com, Commerce
Kellogg Executive EducationAdvanced Management Programme
Other boards
none sourced
Known for
CFO since 2023Financial governanceCapital management
https://kw.linkedin.com/in/abhishek-rastogi-3a40067

Sources: education

SOCIALdate not shown in source

Abhishek Rastogi

LinkedIn
MBA, Finance and Business at Manipal Academy of Higher Education; Advanced Management Programme at Kellogg Executive Education; B.Com, Commerce at University of Lucknow
value seen: MBA, Finance and Business at Manipal Academy of Higher Education; Advanced Management Programme at Kellogg Executive Education; B.Com, Commerce at University of Lucknow
https://kw.linkedin.com/in/abhishek-rastogi-3a40067

Sources: linkedin page

SOCIALdate not shown in source

Abhishek Rastogi

LinkedIn
# Abhishek Rastogi CFO | Driving Enterprise Growth, Financial Governance & Digital Transformation Across Multi-Business Groups
value seen: https://kw.linkedin.com/in/abhishek-rastogi-3a40067
https://kw.linkedin.com/in/abhishek-rastogi-3a40067

Sources: since

SOCIALdate not shown in source

Abhishek Rastogi

LinkedIn
Chief Financial Officer (Current) Aug 2023 - Present
value seen: Aug 2023 - Present
https://kw.linkedin.com/in/abhishek-rastogi-3a40067

Sources: summary

SOCIALdate not shown in source

Abhishek Rastogi

LinkedIn
Mabanee Company (K.P.S.C) Chief Financial Officer (Current) Aug 2023 - Present; Group Financial Controller - Al-Bahar Group Jan 2017 - Jan 2023; Finance Manager - Alyasra Foods Oct 2010 - Dec 2014; Senior Financial Analyst - Alshaya Group Feb 2007 - Oct 2010
value seen: Chief Financial Officer; Group Financial Controller; Finance Manager
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://kw.linkedin.com/in/abhishek-rastogi-3a40067

Sources: title

COMPANYdate not shown in source

| About Mabanee

Mabanee
Mr. Abhishek Rastogi Chief Financial Officer --
value seen: Chief Financial Officer
https://www.mabanee.com/en/about-mabanee

Projects

Assessment coverage

Completed projects: 2016-10-16 through 2026-10-16. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

6 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
The Avenues – Bahrain Phase IIManama, Bahrain
retail2441————2022August 17, 2022Jan 2020 – Dec 2020Nov 2025+64.5 mo
(+59.0 to +70.0)
sourcedcompleted
Waldorf Astoria KuwaitKuwait City, Kuwait
Al Rai
hotel20019———2017May 2, 2017Mar 2022 – May 2022Aug 2022+4.0 mo
(+3.0 to +5.0)
sourcedcompleted
Hilton Garden Inn Bahrain BayManama, Bahrain
Bahrain Bay
hotel1921——US$ 66m
investment announced
—2017May 2, 2017Jan 2020 – Apr 2020Jul 2021+16.5 mo
(+15.0 to +18.0)
sourcedcompleted
Hilton Garden Inn KuwaitKuwait City, Kuwait
Al Rai
hotel3851————2016August 25, 2016Jan 2019 – Apr 2019Dec 2019+9.5 mo
(+8.0 to +11.0)
sourcedcompleted
The Avenues – Kuwait Phase IVKuwait City, Kuwait
Al Rai
retail———KD 114m
contract value
—201427 November 2014Sep 2017 – Dec 2017Jan 2019 – Dec 2019+20.0 mo
(+13.0 to +27.0)
sourcedcompleted
The Avenues – Bahrain Phase IManama, Bahrain
retail———USD 159m
other
—2014September 2014Jan 2016 – Apr 2016Oct 2017+19.5 mo
(+18.0 to +21.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

7 found
SAFETY / QUALITY Certified 8 January 2026
Great Place to Work Certification 2025–2026
Mabanee was officially certified as a Great Place to Work in the GCC for 2025–2026, based on an employee-opinion survey administered by Great Place to Work.
Great Place to Work · https://alanba.com.kw/1340451
PROJECT AWARD Winner 4 December 2024
Arabian Property Awards 2024–2025 — Best Leisure Architecture · The Avenues – Bahrain Phase II
The Avenues – Bahrain was reported as winning the Best Leisure Architecture category at the Arabian Property Awards 2024–2025; the source identifies the project but does not separately state Mabanee’s corporate role.
PROJECT AWARD Winner 4 December 2024
Arabian Property Awards 2024–2025 — Best Retail Development · The Avenues – Bahrain Phase II
The Avenues – Bahrain was reported as winning the Best Retail Development category at the Arabian Property Awards 2024–2025; the source identifies the project but does not separately state Mabanee’s corporate role.
SUSTAINABILITY Certified 2025
LEED Gold Certification (LEED O+M) · The Avenues – Kuwait
The developer reports that The Avenues became the first shopping mall in Kuwait to receive LEED Gold certification for Operations and Maintenance.
GOVERNMENT RECOGNITION Ranked 2025
Diamond Accreditation under the Health Promoting Mall Initiative · The Avenues – Kuwait
The Avenues received the initiative’s Diamond accreditation, described as the highest rating among Kuwait’s malls, and also received three excellence medals for waste management, safety and emergency procedures, and community services.
RANKING Ranked 12 December 2021
Top 50 Real Estate Developers in MENA 2021
Mabanee was ranked 16th in Forbes Middle East’s Top 50 Real Estate Developers in MENA 2021 list.
COMPANY AWARD Winner 7 December 2021
MENA Investment and Development Awards 2021 — Most Innovative Real Estate Company
World Finance’s published 2021 awards list names Mabanee as the recipient of Most Innovative Real Estate Company.

Risks

Auditor & credit ratings

audited accounts
AuditorDeloitte & Touche – Al-Wazzan & Co.; Ernst & Young, Al-Aiban, Al-Osaimi & Partners

Risk flags

4 found
PROJECT CANCELLED Reported 14 August 2024; cancellation announced by Mabanee in a Kuwait bourse filing.
Mabanee announced that it would scrap The Avenues–Sharjah mall project and terminate its joint venture, Mabanee Shurooq Company, formed with Sharjah Investment & Development Authority (Shurooq).
DELIVERY DELAY Reported 12–13 August 2020; the six-month hold was announced after Shomoul’s 12 August 2020 board meeting.
The Avenues–Riyadh project, being developed through Mabanee’s Saudi joint venture Shomoul Holding, was placed on hold for six months during the COVID-19 crisis, with contracting and financing activities suspended while the project was re-evaluated; Mabanee’s later reporting states an opening target of Q1 2027, so the 2020 hold is historical evidence of delay rather than evidence that the project is currently stalled.
PROJECT CANCELLED 14 August 2024 (source publication; cancellation reported as an announced decision)
The Avenues Sharjah mall project was cancelled in August 2024, with Mabanee stating it would liquidate and dissolve its 65%-owned Mabanee Shurooq joint venture with Sharjah Investment & Development Authority; this is a cancelled JV/project event, not evidence of parent-only liability.
DELIVERY DELAY 13 August 2020 (suspension/re-evaluation report); 2023 (original stated mall completion target); 14 May 2026 (89% complete and H1 2027 anticipated opening)
The Avenues–Riyadh, developed by Shomoul Holding (a Mabanee joint venture), was temporarily suspended for COVID-era re-evaluation in August 2020 despite a stated mall completion target of 2023; it remained under construction at about 89% in 2026 with opening then anticipated in H1 2027, documenting an elapsed commitment and continued non-delivery, while also showing subsequent restart/progress.

Record status

active
Coverageactive
Tracked sinceOctober 12, 2026
Last checkedOctober 13, 2026 this month
Profile last researchedOctober 13, 2026
Claim
Work for this company? Claiming lets you correct the record with sources and get alerts when it changes.
For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.