ARKAN AL KUWAIT REAL ESTATE CO KSC

What ARKAN AL KUWAIT REAL ESTATE CO KSC does

Arkan Al Kuwait Real Estate Co KSC is a Kuwait-based real estate investment and property management firm that was established in 2003 and listed on the Kuwait Stock Exchange in 2015. The company operates across property investment, property and facilities management, real estate advisory and feasibility studies, property appraisal, and a specialized air-conditioning subsidiary (Arkan AC). It manages a diversified book spanning commercial, residential, industrial, and medical real estate, with the company's own data disclosing KD 577 million of assets under management as of 2022 and 3,000+ units under management across the portfolio.

The company's revenue model combines (1) managed-services property and facility management fees for third-party portfolios, most notably the KD 425 million AlAwqaf Commercial Properties mandate that has been awarded and re-awarded through competitive government bidding, (2) recurring rental returns from KD 70 million of owned commercial, industrial, residential, and medical investment properties, (3) professional-services fees from feasibility studies, valuations, and advisory work, and (4) HVAC-related services through the Arkan AC subsidiary. Distribution is primarily domestic, executed through the Al-Hamra Tower headquarters office in Kuwait City, competitive bidding for public-sector mandates, a direct-to-tenant rent collection portal (arkanalkuwaitpayment.com), and social/web channels (Instagram, Twitter, Facebook, LinkedIn). Reported revenue was KD 6.9 million in FY2023 (10% year-over-year growth), up from KD 6.3 million in FY2022 and KD 4.9 million in FY2020.

Customer segments span private-sector investors, government entities (especially AlAwqaf and Touristic Enterprises Company), and individual property owners. In October 2024 the Capital Markets Authority approved a merger by absorption with Al-Oula Real Estate Investment Company (which Arkan had first acquired a 46.34% stake in during 2022), and the merger was completed in April 2025, consolidating Arkan's Kuwaiti real estate footprint. Leadership is headed by Vice Chairman & CEO Abdulrahman Hamad Al-Terkait (CEO since 2016) and Chairman Fahad Abdulrahman Al-Mukhaizeem, with a CFO and two Deputy CEOs overseeing direct investment/business development and operations.

Name

ARKAN AL KUWAIT REAL ESTATE CO KSC

Legal name

Arkan Al Kuwait Real Estate Company

Website

https://arkanalkuwait.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Arkan Al Kuwait Real Estate Co KSC is a Kuwait-based real estate investment and property management firm managing 3,000+ units and KD 577 million AUM, serving government entities and private investors through property management, facilities management, advisory, and owned investment properties.

Ownership category

akta.pro rank

Product category

Real Estate Property Management

NAICS

Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Other Activities Related to Real Estate (531390)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

akta.pro secondary industry

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

Keywords

• Real estate investment
• Property management
• Facilities management
• Real estate advisory
• Property appraisal

Headquarters

HQ city

Kuwait

HQ country

Kuwait

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Property Management Fees: Arkan generates revenue by managing properties for third parties, including both private and government clients such as AlAwqaf Properties (KD 425 million portfolio)
2. Real Estate Investment Returns: Revenue generated from owned investment properties including commercial complexes, industrial properties, residential buildings, and medical facilities
3. Facility Management Services: Comprehensive facility management including maintenance, vendor management, health and safety compliance, and energy management through Arkan AC subsidiary
4. Real Estate Advisory and Consulting: Feasibility studies, market analysis, financial projections, risk assessment, and valuation services for clients

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Arkan Al-Kuwait Real Estate Company KSC manages and invests in real estate across Kuwait, providing day-to-day property management, facilities management, real estate investment advisory, feasibility studies, and property appraisal services to private investors and government entities. The company also earns returns from its own portfolio of commercial, residential, industrial, and medical properties, and offers online rent collection via its Arkan Payment portal.

Product overview

Arkan Al-Kuwait Real Estate Company operates as a diversified real estate investment and property management firm offering a comprehensive suite of services including investment advisory and feasibility studies, property appraisal, property and facilities management, and advisory consulting. The company also maintains a subsidiary focused on air conditioning services (Arkan AC). Its portfolio includes development projects such as the Arkan Clinic medical center, Arkan Residence residential units, and Club SVN luxury health club, alongside managed properties under the Al-Markaz and Awqaf projects. The company also provides a digital payment portal (Arkan Payment) for online rent collection.

Differentiator

Problem solved

Functional benefit

Brands

• Arkan AC: Air conditioning installation and maintenance services subsidiary offering top-tier solutions for residential and commercial spaces.

Products and services

• Real Estate Investment Advisory & Feasibility Studies Provides accurate and detailed feasibility studies, market analysis, financial projections, risk assessment, and customized recommendations to guide real estate investment decisions for private investors and institutions.
• Appraisal Services Precise and comprehensive property valuations across investment, commercial, industrial, and residential sectors using rigorous methodologies and industry expertise.
• Property Management Day-to-day operational management of properties including marketing, tenant management, rent collection, online payment options, detailed operational reports, and legal support services.
• Advisory & Consulting Accurate real estate reports, customized studies, and valuations to guide investment decisions, leveraging deep industry knowledge and comprehensive market analysis.
• Facilities Management Comprehensive facility management including proactive maintenance, vendor management, health and safety compliance, energy management, space planning, and technology solutions tailored to property needs.
• Arkan AC (Air Conditioning Installation and Maintenance) Top-tier air conditioning solutions for residential and commercial spaces through subsidiary Arkan AC, including installation, maintenance, and repair services.
• Arkan Payment Portal Online rental payment platform enabling tenants of managed properties to pay rent digitally in under one minute through the ARKAN PAY system.
• Arkan Clinic A luxurious 16-story medical center located in Jabriya, representing Arkan's entry into the medical real estate market.
• Arkan Residence Residential property offering furnished apartments for short-term and long-term rental with amenities including Wi-Fi and cleaning services.
• Club SVN A prestigious luxury health club developed under a Build-Operate-Transfer (BOT) contract with Touristic Enterprises Company, showcasing Arkan's delivery capability on premium developments.
• Awqaf Project Management Property management services for the General Secretariat of Awqaf (AlAwqaf Commercial Properties), a portfolio valued at KD 425 million.

Quantifiable outcome

• 10% revenue increase to KD 6.9 million in 2023
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Al-Oula Real Estate Investment CompanycoreStrategic or Co-development Partner · 2 October 2024Merger agreement between Arkan Kuwait Real Estate Company and Al-Oula Real Estate Investment Company. Arkan is the absorbing company (dorminant company) and Al-Oula is the merged company. Capital Markets Authority approved the merger on October 2, 2024. The merger was completed in April 2025. This strategic acquisition represents a significant milestone for Arkan, strengthening its portfolio and market presence.
• Touristic Enterprises CompanycoreStrategic or Co-development Partner · 1 January 2021Build-Operate-Transfer (BOT) contract for SVN (Corniche Club) project, a prestigious luxury health club. The project involves developing and managing the property, which stands out as a unique offering in Kuwait, completed in 2023.
• Al-Markaz ProjectsminorStrategic or Co-development PartnerPortfolio partnership for property projects including Salmiya properties (Noof, Al-Maha, Naser-Albader, Al-Nada buildings)
• AlAwqaf (Awqaf Commercial Properties)coreChannel Partner/ Reseller/ DistributorProperty management contract for Awqaf Commercial Properties portfolio valued at KD 425 million. Arkan was awarded and re-awarded the management of these properties, reinforcing its position as trusted manager of this extensive commercial real estate portfolio.
• Arkan AC (Subsidiary)coreOthersAir conditioning installation and maintenance subsidiary providing specialized services for properties under management. Established as part of company's service diversification.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Emaar Properties PJSC: UAE-listed regional real estate heavyweight with development, property management, and commercial leasing businesses; a broad incumbent benchmark for managed real estate scale and revenue diversification that smaller Kuwaiti players like Arkan aspire toward.

Direct peers

• Salhia Real Estate Company KSC: Kuwaiti-listed real estate investment and management firm operating commercial and residential assets; directly comparable business model and Kuwait listing profile to Arkan.
• National Real Estate Company (NREC): Kuwait-based publicly listed real estate investment and development firm with diversified property holdings across the GCC; operates a similar combined investor-and-manager model and competes for the same pool of Kuwaiti institutional and government mandates as Arkan.
• Mabanee Company KSCP: Kuwait-listed real estate investment and development company operating The Avenues mall and similar large-scale assets; directly comparable to Arkan as a publicly listed Kuwaiti real estate investor and property operator with diversified portfolio and similar regulatory/government relationships.
• Kuwait Real Estate Company KSC: One of the oldest Kuwaiti-listed real estate investment and property management companies; competes head-to-head with Arkan in domestic property investment, rental management, and government/quasi-government contracts.
• United Real Estate Company (URC): Kuwaiti-listed real estate investment, development, and property management company with both domestic and regional (MENA) exposure; overlaps with Arkan on core property management and advisory services in Kuwait.
• Tamdeen Real Estate Company KSC: Kuwaiti-listed real estate developer and investor with mixed-use and commercial portfolios; comparable to Arkan as a Kuwait-based public real estate platform combining investment, development, and property management activities.

Others

• Cushman & Wakefield (Middle East operations): Global real estate services firm offering property management, valuation, and advisory services in Kuwait and the GCC; relevant as an indirect competitor and benchmark for the advisory/feasibility and property management fee model Arkan operates.

Emerging players

• Dar Al Arkan Real Estate Development (KSA): Publicly listed Gulf real estate developer and investor with a vertically integrated model combining investment, development, and property services; useful comparable for the integrated real estate platform model Arkan is building, though primarily Saudi-focused.

Regional players

• Injazzat Real Estate Development Company: Kuwait-based real estate developer with a portfolio spanning commercial, residential, and industrial assets; comparable as a domestic peer operating in the same Kuwaiti market segments as Arkan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xtwitter.com/ArkanAlKuwait
• Facebookfacebook.com/Arkanalkuwait
• LinkedInlinkedin.com/company/arkanalkuwait
• Instagraminstagram.com/arkanalkuwait

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ARKAN AL KUWAIT REAL ESTATE CO KSC