Revenue Growth:

The top line growth reached KD 6.9 Million, marking a 10% increase from the previous year's KD 6.3 Million

Grand Opening of SVN

Arkan has successfully completed its SVN, a prestigious luxury health club that stands out as a unique and unparalleled offering in Kuwait. This achievement marks a significant milestone for Arkan, highlighting the company's capabilities in delivering cutting-edge, innovative projects, setting new standards for the industry.

Merge of Subsidiary

Initiation of merging AlOula Real Estate Investment Company with Arkan. This comes as a step aims to enhance Arkan’s competitive edge, deliver greater value to shareholders, and capitalize on new opportunities in the real estate market by integrating Al Oula’s assets and capabilities with Arkan’s existing operations.

Re-awarded AlAwqaf Properties Management Bid:

Arkan has once again been awarded the management of AlAwqaf Commercial Properties, reaffirming its position as the trusted manager of this extensive portfolio. Valued at KD 425 million, this re-award reinforces Arkan's reputation for excellence in property management and its ability to effectively oversee high-value commercial real estate assets. This continued partnership underscores the confidence AlAwqaf has in Arkan's capabilities and its commitment to maintaining the highest standards in property management.

Top line Growth

Top Line growth of 4% comparing to the previous year reaching KD 5.1 million.

 Awareded BOT bid with the Touristic Enterprises Company

Arkan successfully secured the bid to develop and manage the property SVN, formerly known as the Corniche Club. The Build-Operate-Transfer (BOT) contract was officially signed with the Touristic Enterprises Company, marking a significant milestone in Arkan's portfolio of projects. This agreement highlights Arkan's strategic growth and commitment to enhancing its development capabilities. This project is expected to revitalize a notable landmark and showcase Arkan's proficiency in executing large-scale, high-profile developments.

Awarded AlAwqaf Properties Management Bid:

Arkan has successfully been awarded the management of AlAwqaf Commercial Properties, a portfolio valued at KD 425 million. This significant achievement underscores Arkan's expertise and leadership in property management, expanding its influence and capabilities within the commercial real estate sector. Managing such a substantial and valuable portfolio further cements Arkan's position as a key player in the industry, demonstrating its ability to handle high-value assets with efficiency and excellence.

Completion of Arkan Clinic

The completion of the Arkan Clinic Project, a luxurious 16-story medical center located in the heart of Jabriya, signifies Arkan's innovative entry into the medical real estate market. This state-of-the-art facility is set to provide top-tier medical services, reflecting Arkan's commitment to excellence and its vision for pioneering developments in healthcare infrastructure. The clinic's strategic location and advanced amenities are poised to meet the growing demand for high-quality medical care in the region, setting a new benchmark for healthcare facilities.

• New Strategy Formulation

Formalized a Five-year strategic plan focused on expanding our real estate portfolio by focusing on acquiring cash-generating properties. This strategy targeted various real estate types, including industrial, commercial, medical-based, and residential buildings, aligning with market demand and the potential for robust cash flow. Prioritizing acquisitions over development aims to quickly enhance our portfolio's income-generating capacity, ensuring a swift return on investment and effectively covering the costs of funds from both debt and equity financing.
By diversifying our investments across different property types, we seek to mitigate risks and capitalize on various market opportunities, ensuring balanced growth and reducing dependency on any single market segment. Furthermore, we leverage our expertise to optimize the operational efficiency of acquired properties, maximizing their value and cash-generating potential.

• Expansion of Revenue-Generating Properties

Successfully increased its portfolio of revenue-generating properties to KD 54 million increasing by KD 8 million - 17%. This expansion aligns with our five year business strategy, which entails increasing our cash generating properties by of Development and/or Acquisition. The growth was achieved through the completion of Arkan Square a 10 Year BOT of a Commercial Complex located on Fahaheel Express way, acquisition of two industrial properties and three residential building.

• Top line Growth

increase from KD 3.6 million in the previous year. This represents a growth rate of 15%, underscoring Arkan's strong financial performance and successful business strategies over the past year.

• Development of the company’s services.

• The company was established