Address
Al Rai Area,
Sheikh Zayed bin Sultan Al Nahyan Road,
The Avenues – 2nd Avenue,
Entrance 9
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Who We Are
Mabanee is a leading real estate developer and partner. We deliver exciting, innovative projects that create value for our shareholders and the communities in which we operate and serve. Since 1999, Mabanee has been listed on the Kuwait Stock Exchange (Boursa Kuwait) and is part of the Premier Market Index, as well as more recently, the MSCI Index. As of the end of December 2025, Mabanee’s market capitalization reached KD 1.504 billion (approximately USD 4.90 billion).
Mabanee operates in key sectors:
Developing mixed-use destinations
Operating and managing shopping malls
Designing and managing projects
Our Subsidiaries
Mabanee Company K.P.S.C. operates through a group of subsidiaries that support and complement its core real estate development, investment, and operational activities across the region. In Kuwait, these include The Second Mabanee for General Trading and Contracting Company S.P.C. and Al Rai Real Estate Company S.P.C. The Group’s regional presence is further strengthened through Mabanee Bahrain W.L.L., as well as The Second Mabanee for Property Management Company S.P.C. in Saudi Arabia, reflecting Mabanee’s commitment to delivering high‑quality developments beyond Kuwait.
Chairman's Statement
A Message From The Chairman
Mohammed Abdulaziz Alshaya
Chairman
Dear Esteemed Shareholders,
On behalf of the Board of Directors, I would like to extend my sincere gratitude for your continued trust and support. I am pleased to share the Annual Report for the financial year ending on December 31st, 2025, which highlights the company’s performance and results, along with updates related to the progress of our developments.
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Board & Management
Awards
PRIDE IN OUR ACHIEVEMENTS
Health-Enhanced Shopping Mall Project
The Avenues Receives the Diamond Classification Under the Health-Enhanced Shopping Mall Project
LEED Gold Certification
As part of its continued commitment to adopting best sustainability practices, The Avenues has become the first shopping mall in Kuwait to achieve the LEED Gold certification for Leadership in Energy and Environmental Design, awarded by the U.S. Green Building Council (USGBC).
LEED Gold Precertification- Souk Sabah
Souk Sabah project received a precertification from the Gold category from the US Green Building Council (USGBC), which indicates that the project is on track to become a green, sustainable, LEED-certified building.
Aventura - LEED precertification
Aventura received a precertification from the Gold category from the US Green Building Council (USGBC), which indicates that the project is on track to become a green, sustainable, LEED-certified building.
