Artificial Intelligence
Builders Company
Developers/United Real Estate Company
UR
United Real Estate CompanyKuwait City, Kuwait · founded 1973 · 6 active markets
PUBLIC LISTED

United Real Estate Company develops and operates residential, commercial, hospitality, office, retail, and mixed-use destinations in Kuwait and selected MENA markets for residents, shoppers, businesses, travelers, investors, and communities, combining development, leasing, contracting, facility management, and project-management capabilities at scale.

Years in business
53
founded 1973
LinkedIn headcount
770
employees, as shown on LinkedIn · size band 51–200
Assets under management
USD 3 billion
31st December 2025
Total projects
about 60 projects
across the company’s whole history
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
United Real Estate Company K.S.C.P.1
Headquarters
Khalid Bin Al-Waleed St.1, Kuwait City1, Kuwait
Founded
19731
Entity type
PUBLIC LISTED1
Business model
offplan for sale1, commercial1, mixed use1, contracting1
Markets
6 markets listed
What they build
Residential, for sale (2 of 5) · Retail (2 of 5) · Hotel (1 of 5)
Full dossier in About →

Delivery record

4 date-assessed of 5 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
5
within the rolling ten-year window
Median delay
+12.0 mo
the middle of 4 scored projects
Average delay
+19.6 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+57.5 mo
Waldorf Astoria Cairo Heliopolis · +56.0 to +59.0
2
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
2
red rows below

Against other developers

4 date-assessed here · 6 developers, 24 date-assessed projects in Kuwait
Median delay
United Real Estate Company·6 developers in Kuwait
+12.0 mo vs +12.0 mo
this developer is level
The typical project on each side.
Average delay
United Real Estate Company·6 developers in Kuwait
+19.6 mo vs +14.8 mo
this developer 4.8 mo worse
Both pulled by their worst few.
On time
United Real Estate Company·6 developers in Kuwait
50% vs 38%
this developer 12 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Projects and timelines in Track Record →

Resident experience

3 of 5 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
8.6/ 10
Weighted judgment across build and operations · from 3 of 3 rated buildings
Little structure evidence (0 of 3 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 3 rated buildings
Management & living
8.6/ 10
Upkeep, response times, amenities, community · from 3 of 3 rated buildings

Against other developers

3 rated here · 7 developers, 30 rated buildings in Kuwait
Overall rating
United Real Estate Company · 7 other developers in Kuwait
8.6 vs 8.2
this developer 0.4 better
The weighted verdict on each side. From 3 of 3 rated buildings here and 30 in the market.
Structure & systems
United Real Estate Company · 7 other developers in Kuwait
— vs —
Too few buildings with this score here to compare (0 of 3)
Fabric and engineering only — fixed at handover. From 0 of 3 rated buildings here and 9 in the market.
Management & living
United Real Estate Company · 7 other developers in Kuwait
8.6 vs 7.7
this developer 0.9 better
Upkeep and response — belongs to whoever runs the building now. From 3 of 3 rated buildings here and 29 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

  • PROJECT AWARD Winner 2024 (reported December 5, 2024)
    Development Project of the Year · Hessah Towers
    United Real Estate Company won the national-level Development Project of the Year award for Hessah Towers at the MEED Awards for Projects 2024.
  • COMPANY AWARD Winner September 28, 2023
    Middle East’s Best Real Estate Developer
    Euromoney identified United Real Estate Company as the Middle East’s best overall real-estate developer in its 2023 Global Real Estate Awards.
  • PROJECT AWARD Winner 2023
    Best Luxury Mixed-Use Development · Hessah District
    United Real Estate Company was recognized for Hessah District in the Best Luxury Mixed-Use Development category in the 15th Annual Luxury Lifestyle Awards.
    Luxury Lifestyle Awards · https://hessah.com/awards/
  • 4 more in Awards
All awards →

Risks & source coverage

  • REGULATORY 23 June 2024 and 22 October 2024 (reported in URC’s 2024 annual and sustainability reports) URC’s 2024 governance disclosures report a Capital Markets Authority field-inspection report dated 23 June 2024 with corrective measures and a CMA violation notification dated 22 October 2024 concerning the evaluation of an investment, also followed by corrective actions; the company’s sustainability report says the two breach notifications carried no financial penalties.
  • DELIVERY DELAY Forecast published 31 October 2022; handover began in the second half of 2024 URC’s 2022 public timetable said Hessah Towers would be completed in Q1 2023 and Byout Hessah would be ready for delivery in Q3 2023, while later reporting records residential handover beginning in 2024; the company attributed setbacks to required approvals and licences, so this supports delayed delivery against the earlier forecast rather than an abandoned project.
  • DELIVERY DELAY 2019-04-10 original 2024 commitment; 2021-10-14 revised 2025 forecast; status researched 2026-10-13 The St. Regis Marrakech Resort in URC-developed Assoufid Phase II was originally announced for opening in 2024, but a 2021 report moved the expected launch to 2025; URC’s current project page still describes Assoufid Phase II as a project to be introduced, so completion by the revised commitment is not documented in the retrieved evidence as of October 13, 2026.
  • 1 more in Risk & Sources
Record status
active
Company sources
157 source entries across 157 fields
Projects tracked
5 · 5 completed in assessment
All flags and sources →

Track Record

Delivery record

4 date-assessed of 5 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
5
within the rolling ten-year window
Median delay
+12.0 mo
the middle of 4 scored projects
Average delay
+19.6 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+57.5 mo
Waldorf Astoria Cairo Heliopolis · +56.0 to +59.0
2
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
2
red rows below

Against other developers

4 date-assessed here · 6 developers, 24 date-assessed projects in Kuwait
Median delay
United Real Estate Company·6 developers in Kuwait
+12.0 mo vs +12.0 mo
this developer is level
The typical project on each side.
Average delay
United Real Estate Company·6 developers in Kuwait
+19.6 mo vs +14.8 mo
this developer 4.8 mo worse
Both pulled by their worst few.
On time
United Real Estate Company·6 developers in Kuwait
50% vs 38%
this developer 12 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
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

5 of 5 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
Kuwait City, Kuwait
Cairo, Egypt
2018201920202021202220232024202520262027todayKUWAIT CITY, KUWAIT−3 moverifiedcompleted, no target publishedon timeverified+24 moverifiedCAIRO, EGYPT+57.5 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. 2 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

3 of 5 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
8.6/ 10
Weighted judgment across build and operations · from 3 of 3 rated buildings
Little structure evidence (0 of 3 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 3 rated buildings
Management & living
8.6/ 10
Upkeep, response times, amenities, community · from 3 of 3 rated buildings

Against other developers

3 rated here · 7 developers, 30 rated buildings in Kuwait
Overall rating
United Real Estate Company · 7 other developers in Kuwait
8.6 vs 8.2
this developer 0.4 better
The weighted verdict on each side. From 3 of 3 rated buildings here and 30 in the market.
Structure & systems
United Real Estate Company · 7 other developers in Kuwait
— vs —
Too few buildings with this score here to compare (0 of 3)
Fabric and engineering only — fixed at handover. From 0 of 3 rated buildings here and 9 in the market.
Management & living
United Real Estate Company · 7 other developers in Kuwait
8.6 vs 7.7
this developer 0.9 better
Upkeep and response — belongs to whoever runs the building now. From 3 of 3 rated buildings here and 29 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

3 rated · 2 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Waldorf Astoria Cairo HeliopolisHeliopolis, Cairo252 units
10.0/ 10
—/ 10
10.0/ 10

Tripadvisor’s 4.9/5 rating from 914 reviews is the largest review base and sets the level; under the supplied conversion curve it converts to 9.8/10. The published evidence is guest-based rather than resident-based, and recurring praise slightly lifts the result to the 10.0 ceiling, while no recurring serious physical or operational failure was found.

+ Comfortable firm bed reported+ Spacious marble bathroom+ Rooms described as clean and well maintained
− One report of uncomfortable mattress− One report that air conditioning was too low− Limited conveniently placed plug sockets
+ Attentive staff+ Friendly personalized service+ Spotless cleanliness+ Beautiful facilities and pool+ Quiet atmosphere
− Busy-period service delays− Difficult upgrade/check-in experience− Limited sightseeing convenience− Some services perceived as overpriced

Published reviews describe spacious, clean rooms and well-finished bathrooms; The National reviewer reported a firm, comfortable bed, marble sink, bath and walk-in rain shower. Isolated guest comments reported a lack of top-tier mattresses, waking with back pain, air conditioning that was too low, and too few conveniently placed plug sockets; no recurring structural failure, leak, lift or plumbing problem was found.

The published guest evidence presents a highly positive daily experience: Tripadvisor describes the service as “Attentive,” cleanliness as “Spotless,” and the atmosphere as quiet, while individual guests praised staff who went “above and beyond” and a “great relaxing pool.” The main operational criticism was that service can be slow at busy times; one guest also described the upgrade request as “probably the only negative,” while The National noted that the airport-oriented location is less convenient for sightseeing.

Hessah PlazaHessah District, Kuwait City27 units
9.0/ 10
—/ 10
9.0/ 10

The building-specific place page publishes a 4.7/5 aggregate from 60 reviews, which sets the level and converts to 9.3/10 under the stated curve. The displayed comments are predominantly positive about the plaza’s design, cafés and night ambience, but the repeated observation that parts were not yet open justifies a modest downward adjustment; no physical-structure evidence was published in the material read. The evidence is current within the requested window, with reviews dated October 2025–February 2026 and the research position assessed on October 13, 2026; the official opening announcement is older background rather than proof of later completion status.

+ Refined atmosphere and design+ Classy cafés and restaurants+ Attractive night-time ambience+ Open-air plaza setting+ Dining and retail variety
− Incomplete tenant opening− Limited prayer-room provision

no notes returned

no links returned

Visitors generally describe Hessah Plaza as attractive and upscale: one called it “a stunning, newly developed area” and another said it was “absolutely beautiful at night,” with classy cafés suitable for relaxed gatherings. The main operational reservation was that “still many shops and restaurants” were not open, while an Arabic review criticized the small prayer room relative to the ablution and bathroom areas.

Hessah TowersHessah District, Kuwait City
6.9/ 10
—/ 10
6.7/ 10

The building-level Google aggregate of 3.9/5 from 30 reviews sets the score; using the specified conversion curve, 3.9/5 converts to 6.7/10. The written sample contains both strong praise and management complaints, but no qualifying recurring or severe complaint theme was established, so no commentary adjustment is applied. Official material confirms handover activity and advertised amenities, but those commitments are not treated as resident-review evidence or as proof of completed performance.

+ Luxury appearance+ Gulf-front views+ Communal areas and amenities+ Walkable services and shopping
− Slow management− Unresponsive management− Disappointing unit efficiency

no notes returned

no links returned

Published Google review material is mixed on daily living: one reviewer praised “the beautiful views,” “communal areas and amenities,” and nearby services, while another described management as “Super slow, and not responsive.” A separate one-star review called the two-bedroom offering “Quite disappointing” and “So inefficient.”

Only buildings that have reached handover are rated. 2 of 5 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
United Real Estate Company K.S.C.P.
Headquarters
Khalid Bin Al-Waleed St., Kuwait City, Kuwait
Sharq · 13023
Founded
1973
Entity type
PUBLIC LISTED
Revenue
KWD 103.3 million
2025
Business model
offplan for sale, commercial, mixed use, contracting

Offices

head office and 3 others
CairoAmmanBeirut

Sources: office cities

COMPANYdate not shown in source

Our Subsidiaries Affiliates - United Real Estate Company

United Real Estate Company · carried by urc.com.kw
Headquartered in Cairo
value seen: Cairo
https://urc.com.kw/project/kipco-towers/subsidiaries-affiliates

Sources: office cities

COMPANYdate not shown in source

Our Subsidiaries Affiliates - United Real Estate Company

United Real Estate Company · carried by urc.com.kw
Headquartered in Amman
value seen: Amman
https://urc.com.kw/project/kipco-towers/subsidiaries-affiliates

Sources: office cities

COMPANYdate not shown in source

Our Subsidiaries Affiliates - United Real Estate Company

United Real Estate Company · carried by urc.com.kw
headquartered in Beirut
value seen: Beirut
https://urc.com.kw/project/kipco-towers/subsidiaries-affiliates

Partners

4 partners
Kuwait Projects Company Holding K.S.C.P.
partner

KIPCO is URC’s majority shareholder and URC is its real-estate arm.

Nobu Hospitality
operator

The partnership covers Nobu-branded luxury serviced residences, a restaurant and an events hall in Hessah Plaza, Kuwait.

Public Authority for Housing Welfare
government partner

The authority awarded a contract for URC’s Jira Gardens investment plots in Sabah Al Ahmad Residential City.

Ministry of Finance, State Properties Administration
government partner

The parties signed an agreement for the Sharq Waterfront project in Kuwait.

Sources: name

COMPANYdate not shown in source

About Us - United Real Estate Company

United Real Estate Company · carried by urc.com.kw
URC is the real estate arm of its majority shareholder, Kuwait Projects Company – Holding (KIPCO Group)
value seen: Kuwait Projects Company Holding K.S.C.P.
held out of the figures · the quote does not carry this value
https://www.urc.com.kw/about-urc

Sources: partner type

COMPANYdate not shown in source

About Us - United Real Estate Company

United Real Estate Company · carried by urc.com.kw
URC is the real estate arm of its majority shareholder, Kuwait Projects Company – Holding (KIPCO Group)
value seen: OTHER
value paraphrased from this source
https://www.urc.com.kw/about-urc

Sources: summary

COMPANYdate not shown in source

About Us - United Real Estate Company

United Real Estate Company · carried by urc.com.kw
URC is the real estate arm of its majority shareholder, Kuwait Projects Company – Holding (KIPCO Group)
value seen: KIPCO is URC’s majority shareholder and URC is its real-estate arm.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.urc.com.kw/about-urc

Sources: name

COMPANYdate not shown in source

ANNUAL REPORT

United Real Estate Company · carried by urc.com.kw
The Nobu Residences and Restaurant, Kuwait project was launched ... through a strategic partnership with Nobu Hospitality
value seen: Nobu Hospitality
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: partner type

COMPANYdate not shown in source

ANNUAL REPORT

United Real Estate Company · carried by urc.com.kw
The Nobu Residences and Restaurant, Kuwait project was launched ... through a strategic partnership with Nobu Hospitality
value seen: OPERATOR
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: summary

COMPANYdate not shown in source

ANNUAL REPORT

United Real Estate Company · carried by urc.com.kw
The Nobu Residences and Restaurant, Kuwait project was launched ... through a strategic partnership with Nobu Hospitality
value seen: The partnership covers Nobu-branded luxury serviced residences, a restaurant and an events hall in Hessah Plaza, Kuwait.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: name

FILINGdate not shown in source

ANNUAL REPORT

United Real Estate Company · carried by urc.com.kw
Jira Gardens project ... affiliated with the Public Authority for Housing Welfare
value seen: Public Authority for Housing Welfare
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: partner type

FILINGdate not shown in source

ANNUAL REPORT

United Real Estate Company · carried by urc.com.kw
Jira Gardens project ... affiliated with the Public Authority for Housing Welfare
value seen: GOVERNMENT_PARTNER
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: summary

FILINGdate not shown in source

ANNUAL REPORT

United Real Estate Company · carried by urc.com.kw
Jira Gardens project ... affiliated with the Public Authority for Housing Welfare
value seen: The authority awarded a contract for URC’s Jira Gardens investment plots in Sabah Al Ahmad Residential City.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: name

COMPANY2026-08-17

Q2 2026 investor conference transcript

United Real Estate Company · carried by ifsahdocs.boursakuwait.com.kw
Marasi United ... signed an agreement with the Ministry of Finance, State Properties Administration
value seen: Ministry of Finance, State Properties Administration
https://ifsahdocs.boursakuwait.com.kw/DiscAssets/2026_18372/RCD2633TranscriptFULL.pdf

Sources: partner type

COMPANY2026-08-17

Q2 2026 investor conference transcript

United Real Estate Company · carried by ifsahdocs.boursakuwait.com.kw
Marasi United ... signed an agreement with the Ministry of Finance, State Properties Administration
value seen: GOVERNMENT_PARTNER
value paraphrased from this source
https://ifsahdocs.boursakuwait.com.kw/DiscAssets/2026_18372/RCD2633TranscriptFULL.pdf

Sources: summary

COMPANY2026-08-17

Q2 2026 investor conference transcript

United Real Estate Company · carried by ifsahdocs.boursakuwait.com.kw
Marasi United ... signed an agreement with the Ministry of Finance, State Properties Administration
value seen: The parties signed an agreement for the Sharq Waterfront project in Kuwait.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://ifsahdocs.boursakuwait.com.kw/DiscAssets/2026_18372/RCD2633TranscriptFULL.pdf

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

6 countries
Kuwaitactive 4 projects tracked
Egyptactive 1 project tracked
Jordanactive 0 projects tracked
Omanactive 0 projects tracked
Lebanonactive 0 projects tracked
Moroccoactive 0 projects tracked

What they build

3 types
Residential, for sale2 of 5
Retail2 of 5
Hotel1 of 5
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
SB
Sheikha Bibi Nasser Al-Sabah
Sheikha Bibi Nasser Al-Sabah is URC’s non-executive chair, leading board-level strategic, financial and operational governance. URC’s candidate biography records her board tenure since 2006, her 2003 liberal-arts degree, and her founding of the Social Work Society.
Current title
Chairperson
Experience
20+ years leadership
Companies before
none sourced
Education
The New School University, New York CityBachelor of Arts in Liberal Arts
Other boards
none sourced
Known for
ChairpersonBoard member since 2006BA Liberal ArtsFounder, Social Work Society
since appointed as the Chairperson of the Board of Directors in 2019

Sources: degree

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Bachelor of Arts in Liberal Arts
value seen: Bachelor of Arts in Liberal Arts
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: institution

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
The New School University, New York City
value seen: The New School University, New York City
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: full name

COMPANYdate not shown in source

ANNUAL REPORT

URC
Sheikha Bibi Nasser Al-Sabah
value seen: Sheikha Bibi Nasser Al-Sabah
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: role type

COMPANYdate not shown in source

ANNUAL REPORT

URC
Chairperson
value seen: Chairperson
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: since

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
appointed as the Chairperson of the Board of Directors in 2019
value seen: appointed as the Chairperson of the Board of Directors in 2019
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: summary

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Sheikha Bibi Nasser Al-Sabah is URC’s non-executive chair, leading board-level strategic, financial and operational governance. URC’s candidate biography records her board tenure since 2006, her 2003 liberal-arts degree, and her founding of the Social Work Society.
value seen: Sheikha Bibi Nasser Al-Sabah is URC’s non-executive chair, leading board-level strategic, financial and operational governance. URC’s candidate biography records her board tenure since 2006, her 2003 liberal-arts degree, and her founding of the Social Work Society.
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Chairperson
value seen: Chairperson
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
20+ years leadership
value seen: 20+ years leadership
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Board member since 2006
value seen: Board member since 2006
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
BA Liberal Arts
value seen: BA Liberal Arts
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Founder, Social Work Society
value seen: Founder, Social Work Society
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: title

COMPANYdate not shown in source

ANNUAL REPORT

URC
Chairperson
value seen: Chairperson
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf
MS
Mishary Sulaiman Al Muhailan
Mishary Al Muhailan is URC’s Group CEO and has progressed through development and operations leadership since joining URC in 2013. The company says his work has covered strategic planning, project adoption, and delivery of high-value residential and commercial projects across Kuwait and the Middle East.
Current title
Group Chief Executive Officer
Experience
23+ years real estate development
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Group CEOJoined URC in 2013Former Chief Development OfficerProject delivery
https://linkedin.com/in/mishary-almuhailan-051b6a275
since effective 28th of September 2025
The trust placed in me by the Group CEO and the company’s board of directors motivates me to continue contributing and to fully utilize my skills and experience. United Real Estate Company May 30, 2024https://www.urc.com.kw/URC-Appoints-Mishary-Sulaiman-Al-Muhailan-Deputy-C

Sources: full name

COMPANYdate not shown in source

ANNUAL REPORT

URC
Mishary Sulaiman Al Muhailan
value seen: Mishary Sulaiman Al Muhailan
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: linkedin page

SOCIALdate not shown in source

LinkedIn

LinkedIn
https://linkedin.com/in/mishary-almuhailan-051b6a275
value seen: https://linkedin.com/in/mishary-almuhailan-051b6a275
https://linkedin.com/in/mishary-almuhailan-051b6a275

Sources: date

COMPANYdate not shown in source

United Real Estate Company

URC
May 30, 2024
value seen: May 30, 2024
https://www.urc.com.kw/URC-Appoints-Mishary-Sulaiman-Al-Muhailan-Deputy-C

Sources: publisher

COMPANYdate not shown in source

United Real Estate Company

URC
United Real Estate Company
value seen: United Real Estate Company
https://www.urc.com.kw/URC-Appoints-Mishary-Sulaiman-Al-Muhailan-Deputy-C

Sources: quote

COMPANYdate not shown in source

United Real Estate Company

URC
The trust placed in me by the Group CEO and the company’s board of directors motivates me to continue contributing and to fully utilize my skills and experience.
value seen: The trust placed in me by the Group CEO and the company’s board of directors motivates me to continue contributing and to fully utilize my skills and experience.
https://www.urc.com.kw/URC-Appoints-Mishary-Sulaiman-Al-Muhailan-Deputy-C

Sources: url

COMPANYdate not shown in source

United Real Estate Company

URC
https://www.urc.com.kw/URC-Appoints-Mishary-Sulaiman-Al-Muhailan-Deputy-C
value seen: https://www.urc.com.kw/URC-Appoints-Mishary-Sulaiman-Al-Muhailan-Deputy-C
https://www.urc.com.kw/URC-Appoints-Mishary-Sulaiman-Al-Muhailan-Deputy-C

Sources: role type

COMPANYdate not shown in source

ANNUAL REPORT

URC
Group Chief Executive Officer
value seen: Group Chief Executive Officer
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: since

COMPANYdate not shown in source

United Real Estate Company Appoints Mishary Al Muhailan as Acting Group CEO

URC
effective 28th of September 2025
value seen: effective 28th of September 2025
https://www.urc.com.kw/URC-Appoints-Mishary-Al-Muhailan-as-Acting-Group-C

Sources: summary

COMPANYdate not shown in source

United Real Estate Company Appoints Mishary Al Muhailan as Acting Group CEO

URC
Mishary Al Muhailan is URC’s Group CEO and has progressed through development and operations leadership since joining URC in 2013. The company says his work has covered strategic planning, project adoption, and delivery of high-value residential and commercial projects across Kuwait and the Middle East.
value seen: Mishary Al Muhailan is URC’s Group CEO and has progressed through development and operations leadership since joining URC in 2013. The company says his work has covered strategic planning, project adoption, and delivery of high-value residential and commercial projects across Kuwait and the Middle East.
value paraphrased from this source
https://www.urc.com.kw/URC-Appoints-Mishary-Al-Muhailan-as-Acting-Group-C

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
Group CEO
value seen: Group CEO
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
23+ years real estate development
value seen: 23+ years real estate development
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
Joined URC in 2013
value seen: Joined URC in 2013
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
Former Chief Development Officer
value seen: Former Chief Development Officer
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
Project delivery
value seen: Project delivery
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: title

COMPANYdate not shown in source

ANNUAL REPORT

URC
Group Chief Executive Officer
value seen: Group Chief Executive Officer
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf
SK
Santhosh Kumar Unnikrishnan
Santhosh Kumar Unnikrishnan is URC’s Group CFO, responsible for group financial management, subsidiaries, reporting and compliance. His public professional profile describes work on capital structure, refinancing, budgeting and bond issuance, while the 2025 annual report confirms his current CFO role.
Current title
Group Chief Financial Officer
since Dec 2021
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Group CFOFinancial managementCapital structureBond issuanceReal-estate finance
https://linkedin.com/in/santhoshkumar32bb3720
The company’s bonds met the targeted subscription which mirrors the investors’ confidence in URC. United Real Estate Company March 29, 2023https://www.urc.com.kw/United%20Real%20Estate%20Company%20Successfully%20Completes

Sources: full name

COMPANYdate not shown in source

ANNUAL REPORT

URC
Santhosh Kumar Unnikrishnan
value seen: Santhosh Kumar Unnikrishnan
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: linkedin page

SOCIALdate not shown in source

LinkedIn

LinkedIn
https://linkedin.com/in/santhoshkumar32bb3720
value seen: https://linkedin.com/in/santhoshkumar32bb3720
https://linkedin.com/in/santhoshkumar32bb3720

Sources: date

COMPANYdate not shown in source

United Real Estate Company

URC
March 29, 2023
value seen: March 29, 2023
https://www.urc.com.kw/United%20Real%20Estate%20Company%20Successfully%20Completes

Sources: publisher

COMPANYdate not shown in source

United Real Estate Company

URC
United Real Estate Company
value seen: United Real Estate Company
https://www.urc.com.kw/United%20Real%20Estate%20Company%20Successfully%20Completes

Sources: quote

COMPANYdate not shown in source

United Real Estate Company

URC
The company’s bonds met the targeted subscription which mirrors the investors’ confidence in URC.
value seen: The company’s bonds met the targeted subscription which mirrors the investors’ confidence in URC.
https://www.urc.com.kw/United%20Real%20Estate%20Company%20Successfully%20Completes

Sources: url

COMPANYdate not shown in source

United Real Estate Company

URC
https://www.urc.com.kw/United%20Real%20Estate%20Company%20Successfully%20Completes
value seen: https://www.urc.com.kw/United%20Real%20Estate%20Company%20Successfully%20Completes
https://www.urc.com.kw/United%20Real%20Estate%20Company%20Successfully%20Completes

Sources: role type

COMPANYdate not shown in source

ANNUAL REPORT

URC
Group Chief Financial Officer
value seen: Group Chief Financial Officer
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: since

SOCIALdate not shown in source

Santhosh Kumar Unnikrishnan

LinkedIn
Dec 2021
value seen: Dec 2021
https://linkedin.com/in/santhoshkumar32bb3720

Sources: summary

SOCIALdate not shown in source

Santhosh Kumar Unnikrishnan

LinkedIn
Santhosh Kumar Unnikrishnan is URC’s Group CFO, responsible for group financial management, subsidiaries, reporting and compliance. His public professional profile describes work on capital structure, refinancing, budgeting and bond issuance, while the 2025 annual report confirms his current CFO role.
value seen: Santhosh Kumar Unnikrishnan is URC’s Group CFO, responsible for group financial management, subsidiaries, reporting and compliance. His public professional profile describes work on capital structure, refinancing, budgeting and bond issuance, while the 2025 annual report confirms his current CFO role.
value paraphrased from this source
https://linkedin.com/in/santhoshkumar32bb3720

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
Group CFO
value seen: Group CFO
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
Financial management
value seen: Financial management
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
Capital structure
value seen: Capital structure
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
Bond issuance
value seen: Bond issuance
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
Real-estate finance
value seen: Real-estate finance
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: title

COMPANYdate not shown in source

ANNUAL REPORT

URC
Group Chief Financial Officer
value seen: Group Chief Financial Officer
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf
MA
Mahmoud Ali Mahmoud Tifouni
Mahmoud Tifouni is URC’s vice chairman and a non-executive board leader. His documented background is in investment and asset management: he began at Kuwait Fund for Arab Economic Development, joined KAMCO’s asset-management division, and has held a KAMCO Invest director role and another board seat.
Current title
Vice Chairman
since 2025
Experience
no career length stated
Companies before
none sourced
Education
University of DenverBachelor of Finance
Other boards
none sourced
Known for
Vice ChairmanInvestment and asset managementKAMCO InvestUniversity of DenverBoard member

Sources: degree

COMPANYdate not shown in source

ANNUAL REPORT

URC
Bachelor of Finance
value seen: Bachelor of Finance
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: institution

COMPANYdate not shown in source

ANNUAL REPORT

URC
University of Denver
value seen: University of Denver
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: full name

COMPANYdate not shown in source

ANNUAL REPORT

URC
Mahmoud Ali Mahmoud Tifouni
value seen: Mahmoud Ali Mahmoud Tifouni
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: role type

COMPANYdate not shown in source

ANNUAL REPORT

URC
Vice Chairman
value seen: Vice Chairman
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: since

COMPANYdate not shown in source

About United Real Estate (UREK) - Investing.com

Investing.com
2025
value seen: 2025
https://www.investing.com/equities/united-real-est-company-profile

Sources: summary

COMPANYdate not shown in source

ANNUAL REPORT

URC
Mahmoud Tifouni is URC’s vice chairman and a non-executive board leader. His documented background is in investment and asset management: he began at Kuwait Fund for Arab Economic Development, joined KAMCO’s asset-management division, and has held a KAMCO Invest director role and another board seat.
value seen: Mahmoud Tifouni is URC’s vice chairman and a non-executive board leader. His documented background is in investment and asset management: he began at Kuwait Fund for Arab Economic Development, joined KAMCO’s asset-management division, and has held a KAMCO Invest director role and another board seat.
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
Vice Chairman
value seen: Vice Chairman
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
Investment and asset management
value seen: Investment and asset management
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
KAMCO Invest
value seen: KAMCO Invest
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
University of Denver
value seen: University of Denver
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: tags

COMPANYdate not shown in source

ANNUAL REPORT

URC
Board member
value seen: Board member
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: title

COMPANYdate not shown in source

ANNUAL REPORT

URC
Vice Chairman
value seen: Vice Chairman
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf
AQ
Abdulamir Qasem Jafar Ali
Abdulamir Qasem Jafar Ali is an independent URC board member with more than 20 years’ experience spanning communications, contracting, project management and real-estate development. He is also an executive director and board member at METCO and vice chairman of Towell Ventures, after earlier URC and subsidiary leadership roles.
Current title
Independent Board Member
Experience
20+ years experience
Companies before
none sourced
Education
California State University, Los AngelesBachelor’s degree in electrical engineering
Other boards
none sourced
Known for
Independent directorMETCO executive directorTowell Ventures vice chairmanElectrical engineering
https://linkedin.com/in/abdulamir-al-muscati-544b9522

Sources: degree

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Bachelor’s degree in electrical engineering
value seen: Bachelor’s degree in electrical engineering
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: institution

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
California State University, Los Angeles
value seen: California State University, Los Angeles
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: full name

COMPANYdate not shown in source

ANNUAL REPORT

URC
Abdulamir Qasem Jafar Ali
value seen: Abdulamir Qasem Jafar Ali
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: linkedin page

SOCIALdate not shown in source

LinkedIn

LinkedIn
https://linkedin.com/in/abdulamir-al-muscati-544b9522
value seen: https://linkedin.com/in/abdulamir-al-muscati-544b9522
https://linkedin.com/in/abdulamir-al-muscati-544b9522

Sources: role type

COMPANYdate not shown in source

ANNUAL REPORT

URC
Independent Board Member
value seen: Independent Board Member
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: summary

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Abdulamir Qasem Jafar Ali is an independent URC board member with more than 20 years’ experience spanning communications, contracting, project management and real-estate development. He is also an executive director and board member at METCO and vice chairman of Towell Ventures, after earlier URC and subsidiary leadership roles.
value seen: Abdulamir Qasem Jafar Ali is an independent URC board member with more than 20 years’ experience spanning communications, contracting, project management and real-estate development. He is also an executive director and board member at METCO and vice chairman of Towell Ventures, after earlier URC and subsidiary leadership roles.
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Independent director
value seen: Independent director
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
20+ years experience
value seen: 20+ years experience
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
METCO executive director
value seen: METCO executive director
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Towell Ventures vice chairman
value seen: Towell Ventures vice chairman
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Electrical engineering
value seen: Electrical engineering
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: title

COMPANYdate not shown in source

ANNUAL REPORT

URC
Independent Board Member
value seen: Independent Board Member
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf
FA
Faisal Abdullah Al-AbdulRazzaq
Faisal Abdullah Al-AbdulRazzaq is an independent URC board member with more than 25 years in engineering consulting, construction management, real-estate development and general contracting. He is Managing Partner of West Gulf Trading Company and previously worked with INJAZZAT Real Estate Development Company on high-profile GCC projects.
Current title
Independent Board Member
since 2025
Experience
25+ years experience
Companies before
none sourced
Education
Arizona State UniversityBachelor of Science in Engineering, Civil Engineering
Other boards
none sourced
Known for
Independent directorManaging PartnerConstruction managementLicensed PECivil engineering

Sources: degree

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Bachelor of Science in Engineering, Civil Engineering
value seen: Bachelor of Science in Engineering, Civil Engineering
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: institution

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Arizona State University
value seen: Arizona State University
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: full name

COMPANYdate not shown in source

ANNUAL REPORT

URC
Faisal Abdullah Al-AbdulRazzaq
value seen: Faisal Abdullah Al-AbdulRazzaq
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: role type

COMPANYdate not shown in source

ANNUAL REPORT

URC
Independent Board Member
value seen: Independent Board Member
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

Sources: since

COMPANYdate not shown in source

About United Real Estate (UREK) - Investing.com

Investing.com
2025
value seen: 2025
https://www.investing.com/equities/united-real-est-company-profile

Sources: summary

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Faisal Abdullah Al-AbdulRazzaq is an independent URC board member with more than 25 years in engineering consulting, construction management, real-estate development and general contracting. He is Managing Partner of West Gulf Trading Company and previously worked with INJAZZAT Real Estate Development Company on high-profile GCC projects.
value seen: Faisal Abdullah Al-AbdulRazzaq is an independent URC board member with more than 25 years in engineering consulting, construction management, real-estate development and general contracting. He is Managing Partner of West Gulf Trading Company and previously worked with INJAZZAT Real Estate Development Company on high-profile GCC projects.
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Independent director
value seen: Independent director
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
25+ years experience
value seen: 25+ years experience
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Managing Partner
value seen: Managing Partner
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Construction management
value seen: Construction management
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Licensed PE
value seen: Licensed PE
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: tags

COMPANYdate not shown in source

A brief about the candidates for United Real Estate Board Membership for the term (2025-2028)

URC
Civil engineering
value seen: Civil engineering
value paraphrased from this source
https://www.urc.com.kw/Candidates-for-URC-Board-Membership

Sources: title

COMPANYdate not shown in source

ANNUAL REPORT

URC
Independent Board Member
value seen: Independent Board Member
https://www.urc.com.kw/Runtime/uploads/Annual%20Reports/URC-Annual-Report-2025-English.pdf

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

5 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Byout HessahKuwait City, Kuwait
Hessah District
residential for sale———KWD 16.7m
contract value
—20202020Jul 2024 – Dec 2024Jan 2024 – Dec 2024−3.0 mo
(−11.0 to +5.0)
sourcedcompleted
Hessah HubKuwait City, Kuwait
Hessah District
retail251————2025Nov 13 , 2025—Jan 2024 – Dec 2024—not scorablecompleted
Hessah PlazaKuwait City, Kuwait
Hessah District
retail271——————Jan 2024 – Dec 2024Jan 2024 – Dec 20240.0 mo
(−11.0 to +11.0)
sourcedcompleted
Hessah TowersKuwait City, Kuwait
Hessah District
residential for sale—4070,000 m²KWD 25.8m
contract value
—2018March 18, 2018Jan 2022 – Dec 2022Jan 2024 – Dec 2024+24.0 mo
(+13.0 to +35.0)
sourcedcompleted
Waldorf Astoria Cairo HeliopolisCairo, Egypt
Heliopolis
hotel2521——————Sep 2018 – Dec 2018Aug 2023+57.5 mo
(+56.0 to +59.0)
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
PROJECT AWARD Winner 2024 (reported December 5, 2024)
Development Project of the Year · Hessah Towers
United Real Estate Company won the national-level Development Project of the Year award for Hessah Towers at the MEED Awards for Projects 2024.
COMPANY AWARD Winner September 28, 2023
Middle East’s Best Real Estate Developer
Euromoney identified United Real Estate Company as the Middle East’s best overall real-estate developer in its 2023 Global Real Estate Awards.
PROJECT AWARD Winner 2023
Best Luxury Mixed-Use Development · Hessah District
United Real Estate Company was recognized for Hessah District in the Best Luxury Mixed-Use Development category in the 15th Annual Luxury Lifestyle Awards.
Luxury Lifestyle Awards · https://hessah.com/awards/
PROJECT AWARD Winner February 2023
Best International Office Development · Hessah WORK
Hessah WORK received the Best International Office Development award at the International Property Awards, with the project identified as part of United Real Estate Company’s Hessah District.
International Property Awards · https://hessah.com/awards/
PROJECT AWARD Winner October 6, 2022 (reported November 17, 2022)
Best Mixed-Use Development · Hessah District
United Real Estate Company’s Hessah District received the Best Mixed-Use Development award for Kuwait at the Arabian Property Awards 2022–2023.
Arabian Property Awards, part of the International Property Awards · https://www.urc.com.kw/Arabian-Property-Award
COMPANY AWARD Winner December 2021 (reported January 1, 2022)
Most Innovative Community Developer in Kuwait
The developer reports that it received the Most Innovative Community Developer in Kuwait award for its sustainable-project design and development work.
COMPANY AWARD Winner 2023 (reported February 18, 2024)
Most Innovative Community Developer
The developer reports that Global Business Outlook awarded URC the Most Innovative Community Developer title for 2023, recognizing its community-development initiatives addressing social and environmental challenges.

Risks

Auditor & credit ratings

1 agency
AuditorErnst & Young
Capital Intelligence RatingsBBB- stable outlook · 3 March 2026

Risk flags

4 found
REGULATORY 23 June 2024 and 22 October 2024 (reported in URC’s 2024 annual and sustainability reports)
URC’s 2024 governance disclosures report a Capital Markets Authority field-inspection report dated 23 June 2024 with corrective measures and a CMA violation notification dated 22 October 2024 concerning the evaluation of an investment, also followed by corrective actions; the company’s sustainability report says the two breach notifications carried no financial penalties.
DELIVERY DELAY Forecast published 31 October 2022; handover began in the second half of 2024
URC’s 2022 public timetable said Hessah Towers would be completed in Q1 2023 and Byout Hessah would be ready for delivery in Q3 2023, while later reporting records residential handover beginning in 2024; the company attributed setbacks to required approvals and licences, so this supports delayed delivery against the earlier forecast rather than an abandoned project.
DELIVERY DELAY 2019-04-10 original 2024 commitment; 2021-10-14 revised 2025 forecast; status researched 2026-10-13
The St. Regis Marrakech Resort in URC-developed Assoufid Phase II was originally announced for opening in 2024, but a 2021 report moved the expected launch to 2025; URC’s current project page still describes Assoufid Phase II as a project to be introduced, so completion by the revised commitment is not documented in the retrieved evidence as of October 13, 2026.
DELIVERY DELAY 2020-06-21 delay reported; end-2022 target; handover commenced 2024-01-22
Hessah Towers, developed by United Real Estate Company K.S.C.P., experienced construction delays attributed to COVID-19 measures against an earlier end-2022 completion expectation; URC subsequently began handover in January 2024 and reported residential handovers progressing in 2024–2025, so this is resolved history rather than an active delay.

Record status

active
Coverageactive
Tracked sinceOctober 12, 2026
Last checkedOctober 13, 2026 this month
Profile last researchedOctober 13, 2026
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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.