About URC
About URC
United Real Estate Company (URC) is one of the Middle East and North Africa’s leading real estate developers, with consolidated assets of KD 602 million (US$ 2 Billion) as of 30 June 2018. URC was founded in 1973 and listed on the Kuwait Stock Exchange (Boursa Kuwait) in 1984.
URC primarily operates through a number of subsidiaries and investment arms across the MENA region. URC follows an integrated real estate services approach with development capabilities across the MENA region and a diverse regional investment portfolio. URC’s portfolio includes retail complexes, hotels, resorts, residential buildings, high rise office buildings, as well as mixed use developments.
URC’s operations also extend to construction and contracting, facility management, and project management through its several subsidiaries. URC’s portfolio is geographically spread across a number of countries through several operational assets such as Marina World, Marina Hotel, and KIPCO Tower in Kuwait, Salalah Gardens Mall & Residences in Oman, Abdali Mall in Jordan, Raouche View 1090 in Lebanon, Avaris and Aswar Residences in Egypt, and Assoufid in Morocco.
URC’s majority shareholder is KIPCO Group, is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32.7 billion as at 30 June 2018. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.
United Real Estate Company (URC) is one of the Middle East and North Africa’s leading real estate developers, with consolidated assets of KD 602 million (US$ 2 Billion) as of 30 June 2018. URC was founded in 1973 and listed on the Kuwait Stock Exchange (Boursa Kuwait) in 1984.
URC primarily operates through a number of subsidiaries and investment arms across the MENA region. URC follows an integrated real estate services approach with development capabilities across the MENA region and a diverse regional investment portfolio. URC’s portfolio includes retail complexes, hotels, resorts, residential buildings, high rise office buildings, as well as
URC’s operations also extend to construction and contracting, facility management, and project management through its several subsidiaries. URC’s portfolio is geographically spread across a number of countries through several operational assets such as Marina World, Marina Hotel, and KIPCO Tower in Kuwait, Salalah Gardens Mall & Residences in Oman, Abdali Mall in Jordan, Raouche View 1090 in Lebanon, Avaris and Aswar Residences in Egypt, and Assoufid in Morocco.
URC’s majority shareholder is KIPCO Group, is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32.7 billion as at 30 June 2018. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.
Mission/Vision
URC’s Vision is to be Kuwait’s leading diversified real estate company
URC’s Mission is to deliver creative solutions and opportunities for stakeholders through an integrated real estate services approach with development capabilities across the MENA region and a diverse regional investment portfolio
URC’s Values: Culture – Communication – Delivery
Mission/Vision
URC’s Vision is to be Kuwait’s leading diversified real estate company
URC’s Mission is to deliver creative solutions and opportunities for stakeholders through an integrated real estate services approach with development capabilities across the MENA region and a diverse regional investment portfolio
URC’s Values: Culture – Communication – Delivery

URC’s majority shareholder is KIPCO Group, is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32.7 billion as at 30 June 2018. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate
URC’s majority shareholder is KIPCO Group, is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32.7 billion as at 30 June 2018. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate
URC Board Members
Tariq Mohammed Abdulsalam
Chairman
Ali Ibrahim Marafi
Vice Chairman
Sheikh Fadel Khaled Al-Sabah
Board Member
Sheikha Bibi Nasser Sabah Al-Ahmed Al-Sabah
Board Member
Adel Jassem Al Waqayan
Board Member
Samer Subhi Khanachet
Board Member
Mazen Isam Hawwa
Board Member
Senior Management Team
URC Regional OFfices




URC Subsidiaries




URC Affiliates


