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Abyaar Real Estate Development Comp KSCP
Al-Qibla - Fahad Al Salem Street
Al Sahab Tower, Floor No. 15, Safat
Phone: +965 22915254p:+965 22915254 Kuwait City, 13043  Kuwait Fax: +965 22915256f:+965 22915256
This company is no longer actively traded on any major stock exchange.
Business Summary
Abyaar Real Estate Development Company KSCP is a Kuwait-based public shareholding company that operates in the real estate sector. The Company is engaged in real estate development activities throughout the Middle East region, and carries out its operations in accordance to the Islamic Sharia principles. The Company develops residential, commercial, retail and hospitality projects. The Company’s portfolio comprises of three divisions namely, Projects, Real Estate Investment and Real Estate Services. Its development projects include Acacia Avenues, Acacia Villas, Olgana, Hilliana, Bahia, Pier 24, Pier Eight, Ice Tower, Port Ghalib and Abyaar Towers, among others. The Company operates a wholly owned subsidiary, namely Al Ain Al Ahlia for General Trading Company WLL, which is engaged in real estate activities.

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

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202012/31/2019Yes----

Industries
SIC Code Description
6513 Operators of apartment buildings
6531 Real estate agents and managers
1531 Operative builders
1542 General contractors-nonresidential buildings, other than industrial

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, representing Al Rashdan Enterprises Co. Marzouq R.Al Rashdan 5/27/2010
Chief Executive Officer, Managing Director, Member of the Board Hussein H.Al Basri 9/22/2010 2/8/2009
Vice Chairman of the Board, representing Aayan Holding Company Saleh A.Al Saraawi 4/7/2013 4/7/2013
9 additional Officers and Directors records available in full report.

Business Names
Business Name
ABYAAR
Abyaar Real Estate Development Co
Abyaar Real Estate Development Co.

General Information
Outstanding Shares: 1,107,270,000 (As of 9/30/2020)
Stock Exchange: KUW
Fax Number: +965 22915256


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Sunday, December 31, 2023