Seven Kuwaiti real estate titans shine on Forbes list

19/04/2025

KUWAIT CITY, April 19: Forbes has named seven Kuwaitis among the most influential real estate leaders in the Middle East for 2025, reports Al-Seyassah daily. At the top of the list for Kuwaitis is the CEO of Mabanee Real Estate Company Waleed Khaled Alsharian, who ranked 27th overall on the list. Alsharian has led Mabanee since 2006, and under his leadership, the company, which has been listed on the Kuwait Stock Exchange since 1999, has completed notable projects such as The Avenues, Hilton Garden Inn, and Waldorf Astoria. In 2024, Mabanee’s assets were valued at around $5.1 billion, generating revenues of $431.1 million. Vice Chairman and CEO of Kuwait Real Estate Company Talal Jassem Al-Bahar ranked second among Kuwaitis and 42nd overall on Forbes’ list.

Kuwait Real Estate Company was the first real estate firm to be listed on the Kuwait Stock Exchange in 1984. As of 2024, the company’s assets were valued at $1.4 billion, with profits reaching $41.5 million. Vice Chairman and CEO of National Real Estate Company Faisal Jameel Al-Essa ranked third among Kuwaitis and 44th on the list. Al-Essa has led the company since 2018.

In the first nine months of 2024, National Real Estate Company reported revenues of $56.8 million, with assets totaling $1.8 billion as of September 2024. CEO of Commercial Real Estate Company Abdulmutaleb Marafie ranked fourth among Kuwaitis and 51st overall on the Forbes’ list. The company owns major projects in Kuwait, including the Al-Tijaria Tower and the Symphony Style Hotel and Complex. In 2024, Commercial Real Estate Company reported revenues of $101.6 million, with assets totaling $1.9 billion. CEO of Al-Salhiya Real Estate Company Abdulaziz Ghazi Alnafisi ranked fifth among Kuwaitis and 56th overall on the Forbes’ list. Al-Nafisi took on his current role in 2022 after serving as Executive Vice President since 2006.

As of March 2025, the company’s total assets were valued at $1.7 billion, with a market capitalization of $780.2 million. Vice Chairman and CEO of Al- Argan International Real Estate Company Khalid Al-Mashaan ranked sixth among Kuwaitis and 81st overall on the Forbes’ list. Al-Mashaan founded Al-Argan in 1994. As of 2024, the company’s assets totaled $847.4 million, with profits reaching $6.9 million. Vice Chairman and CEO of Argan Kuwait Real Estate Company Abdulrahman Hamad Al-Terkait ranked seventh among Kuwaitis and 97th on the list. Al-Tikrit joined the company in 2016, and in 2024, Argan Kuwait Real Estate Company reported revenues of $29.5 million.