Al Salmiya Group for Enterprise Development Co. (K.S.C.C.) held its Ordinary and Extraordinary General Assembly on Tuesday, 14 April 2025, as a subsidiary 81.9% owned by Commercial Real Estate Company, with a 100% shareholder attendance quorum. The Assembly approved a number of resolutions related to financial performance and future growth plans.

The company recorded net profits of KWD 2,982,442 for the fiscal year ended 31 December 2025, with a return on shareholders’ equity of 8.3%, return on assets of 6.34%, and return on capital of 9.94%, reflecting stable operational and investment performance.

The General Assembly approved a cash dividend distribution of 4% for the second half of 2025, bringing total cash dividends for the year to 7.5% after accounting for the first-half distribution of 3.5%. The Extraordinary General Assembly also approved amendments to the company’s objectives through updates to the Memorandum and Articles of Association.

Management reaffirmed its strategy focused on diversifying its real estate and investment portfolio and expanding into promising, income-generating opportunities to enhance shareholder value.

Among the key achievements of the year was the signing of a 22-year investment agreement to develop an integrated commercial project in Al Qairawan on a land area of 12,575 square meters, comprising a commercial complex, health club, and public parking facilities. The project is currently in the site handover phase, ahead of commencement of construction in line with the approved timeline.