CHAIRMAN’S MESSAGE
May the peace, blessings, and mercy of Allah be upon you,
Dear All,
I am pleased to welcome you to the official website of Al Tijaria Real Estate Company (K.P.S.C), the leading company in the field of real estate development and management. The company was established in 1968 and was restructured in 2000. The company has been listed in the Kuwait Stock Exchange since 2004 and was subsequently upgraded to the premier market in 2023, reflecting its resilience, progressive vision.
The company has grown to become a driving force in local, regional, and global real estate markets. This achievement reflects the company’s extensive experience gained from the successive Boards of Directors, supported by their highly diversified expertise with deep knowledge in finance, real estate, investment, and other related fields. The Board is strengthened by specialized committees (Audit and Risk, Remuneration and Nomination, and Governance and Sustainability) that ensure well-informed decisions and steady progress toward achieving the company’s strategy. Additionally, the Sharia Supervisory Board, acting as an external entity, reports directly to the Board of Directors to uphold the highest standards of compliance and transparency with the provisions of the Islamic Sharia Law. This structure is reinforced by a proactive executive management and a skilled team operating within a solid organizational framework, enabling the company to deliver innovative projects that reflect leadership, quality, and excellence, in line with its vision and the aspirations of its shareholders.
Since 2000, the company’s Boards of Directors have been committed to developing and refining a conservative yet ambitious strategic plan, supported by key policies that strike a balance between ambition and prudence. This plan focuses on expansion, development, and the creation of added value across the company’s operations. The executive management is responsible for conducting this strategy through effective and innovative implementation. Our strategy is built on the following pillars:
- Following low-risk, well-studied policies and strategies focused on acquiring and improving the quality of assets.
- Reinvesting profits to maintain a balance between income-generating assets, financial solvency, and operational efficiency.
- Adapting to changing market needs.
- Strengthening financial indicators and maintaining a balanced capital structure through self-financing, effective debt management, and competitive debt risks reduction.
- Maintaining financiers’ confidence in the company’s stability despite economic fluctuations locally, regionally, and globally.
- Protecting shareholders’ interests.
- Ensuring sustainable profitability.
In addition to the company’s full compliance with the provisions of Islamic Sharia law, Al Tijaria Real Estate Company has been recognized as one of the pioneers in implementing corporate governance principles. This commitment stems from a firm belief in transparency, accountability, fairness, and integrity. In line with these values, the company has adopted a comprehensive Governance Manual that clearly defines responsibilities and authorities, and regulates the relationship between the Board of Directors, executive management, shareholders, and stakeholders through established mechanisms and procedures that ensure adherence to the highest governance standards. Within this framework, Al Tijaria continues to strengthen its vital role in sustainability — -environmental, social, and governance (ESG) by issuing an annual Sustainability Report since 2020, in addition to being a proud member of the United Nations Global Compact (UNGC).
In conclusion, and in line with the company’s open-door policy and continuous commitment to transparency, we invite you to share your valuable feedback and constructive suggestions, which contribute to improving the company’s performance and meeting your expectations.
Best Regards,
Abdulfatah M.R. Marafie
Chairman of the Board of Directors
At Al Tijaria, we have developed concepts and principles that we always seek to achieve and are committed to them in the way we do things and proceed forward. These can be defined as the “5T’s”.
1. Team work: work as "one for all & all for one" together everyone archives more.
2. Task: to know your tasks, you should know what, how and why?
3. Trust: mutual trust within the company; will be reflected and conveyed smoothly to others.
4. Time management: time is our most precious asset, we should invest it wisely.
5. Transparency: Information is more valued when it's exchanged in open way without secrets.
The 5T’s Book is now available for download, providing a comprehensive guide to the principles of success and knowledge-sharing.