United Real Estate Company Appoints Mr. Mishary Sulaiman Al Muhailan as Deputy CEO Operations

May 30 , 2024

Kuwait City by URC | Press Release

United Real Estate Company has announced the appointment of Mr. Mishary Sulaiman Al Muhailan to the position of Deputy CEO - Operations. This step comes as part of the company’s efforts to invest in its leadership development.

With an impressive 22-year track record of success across Kuwait and the Middle East, in addition to his career of over 10 years at URC, Mr. Al Muhailan overseed the design, construction, and management of high-value residential and commercial projects. He also held positions on the boards of directors for several of URC’s subsidiary companies such as the contracting sectors, and others.

Commenting on his appointment, Mr. Mazen Hawwa, URC Vice-Chairman and Group Chief Executive Officer, said: “The appointment of Mr. Mishary Al Muhailan reflects our confidence in the capabilities of our leadership team. With his extensive professional career in the real estate development sector, we are confident that he will make significant contributions in the coming phase. “At URC, we believe in empowering leaders at both the professional and administrative levels and in the importance of joining efforts to achieve the successes we aspire to. We wish him all the best in his new role” Mr. Hawwa added.

From his side, Mr. Mishary Al Muhailan, Deputy CEO Operations, said: "The trust placed in me by the Group CEO and the company's board of directors motivates me to continue contributing and to fully utilize my skills and experience. I reaffirm my unwavering commitment to the company's philosophy, business policies, and expansionist vision, aimed at creating added value for all stakeholders.”

It’s worth mentioning that Mr. Al Muhailan joined URC in 2013 and held the role of Chief Development Officer prior to his latest appointment. He will play a huge role in the development and implementation of strategic plans and the adoption of projects that align with the company's aspirations for growth and market position.

About URC

United Real Estate Company. K.S.C.P (URC) is one of the leading real estate developers in Kuwait and the MENA region, with consolidated assets of Approx. KD 665 million (US$ 2.16 Billion) as of 31 December 2023. Head quartered in Kuwait, URC was founded in 1973 and was listed on the Kuwait Stock Exchange in 1984.

URC primarily operates through a number of operating subsidiaries and investment arms across the MENA region. URC's core business is real estate development and operations and enjoys a diversified portfolio of assets that include retail complexes, hotels, residential properties, and high-rise office buildings.

URC’s operations extend to construction and contracting services, facility management, and project management through its several subsidiaries. URC's portfolio of assets is geographically spread throughout the MENA region and includes Marina World, Marina Hotel, and KIPCO Tower in Kuwait, Salalah Gardens Mall & Residences in Oman, Abdali Mall in Jordan, Raouche View 1090 in Lebanon, Hilton Cairo Heliopolis & Waldorf Astoria Hotels, and Aswar Residences in Egypt, and Assoufid development including a golf resort, five-star hotel, and premium residences in Morocco.

URC is the real estate arm of its majority shareholder, Kuwait Projects Company – Holding (KIPCO Group), a holding company that focuses on investments in the Middle East and North Africa. It’s strategy of acquiring, building, scaling and selling companies in the MENA region has worked successfully for over 30 years. KIPCO’s main business sectors are financial services, media, real estate, and industry. KIPCO’s financial service interests include holdings in commercial banks, insurance companies, asset management, and investment banking.

Contact Info

Salem Al Khulaqi

Communications Manager – Sales & Marketing
United Real Estate Company

T (+965) 2295 3671

F (+965) 2244 1003