Latest news with #WaleedKhaledAlsharian
Arab Times
19-04-2025
- Business
- Arab Times
Seven Kuwaiti real estate titans shine on Forbes list
KUWAIT CITY, April 19: Forbes has named seven Kuwaitis among the most influential real estate leaders in the Middle East for 2025, reports Al-Seyassah daily. At the top of the list for Kuwaitis is the CEO of Mabanee Real Estate Company Waleed Khaled Alsharian, who ranked 27th overall on the list. Alsharian has led Mabanee since 2006, and under his leadership, the company, which has been listed on the Kuwait Stock Exchange since 1999, has completed notable projects such as The Avenues, Hilton Garden Inn, and Waldorf Astoria. In 2024, Mabanee's assets were valued at around $5.1 billion, generating revenues of $431.1 million. Vice Chairman and CEO of Kuwait Real Estate Company Talal Jassem Al-Bahar ranked second among Kuwaitis and 42nd overall on Forbes' list. Kuwait Real Estate Company was the first real estate firm to be listed on the Kuwait Stock Exchange in 1984. As of 2024, the company's assets were valued at $1.4 billion, with profits reaching $41.5 million. Vice Chairman and CEO of National Real Estate Company Faisal Jameel Al-Essa ranked third among Kuwaitis and 44th on the list. Al-Essa has led the company since 2018. In the first nine months of 2024, National Real Estate Company reported revenues of $56.8 million, with assets totaling $1.8 billion as of September 2024. CEO of Commercial Real Estate Company Abdulmutaleb Marafie ranked fourth among Kuwaitis and 51st overall on the Forbes' list. The company owns major projects in Kuwait, including the Al-Tijaria Tower and the Symphony Style Hotel and Complex. In 2024, Commercial Real Estate Company reported revenues of $101.6 million, with assets totaling $1.9 billion. CEO of Al-Salhiya Real Estate Company Abdulaziz Ghazi Alnafisi ranked fifth among Kuwaitis and 56th overall on the Forbes' list. Al-Nafisi took on his current role in 2022 after serving as Executive Vice President since 2006. As of March 2025, the company's total assets were valued at $1.7 billion, with a market capitalization of $780.2 million. Vice Chairman and CEO of Al- Argan International Real Estate Company Khalid Al-Mashaan ranked sixth among Kuwaitis and 81st overall on the Forbes' list. Al-Mashaan founded Al-Argan in 1994. As of 2024, the company's assets totaled $847.4 million, with profits reaching $6.9 million. Vice Chairman and CEO of Argan Kuwait Real Estate Company Abdulrahman Hamad Al-Terkait ranked seventh among Kuwaitis and 97th on the list. Al-Tikrit joined the company in 2016, and in 2024, Argan Kuwait Real Estate Company reported revenues of $29.5 million.
Trade Arabia
09-04-2025
- Business
- Trade Arabia
Hilton, Mabanee in deal to open largest coastal resort in Kuwait
Kuwait-based real estate development company Mabanee and global hospitality major Hilton has announced the signing of an agreement for the development of its prime project - Hilton Kuwait Resort - thus marking a transformative renovation of the iconic property in Mangaf. Scheduled to open in 2026, Hilton Kuwait Resort will be the largest coastal resort in Kuwait boasting a serene seaside setting spanning 1.3 km of beach, positioning it as a premier getaway for both residents and international business and leisure visitors. It will offer approximately 330 modern guest rooms, including 80 chalets, 64 villas and 36 studio apartments, said Hilton in a statement. Guests will have a range of top-class dining options featuring the best of local and global flavors to choose from. Leisure facilities will include an indulgent spa, a state-of-the-art fitness center, indoor and outdoor pools, it stated. The extensive renovation will include a comprehensive upgrade of the property, featuring energizing spaces such as enhanced guest rooms, chalets, and villas, as well as new amenities such as outdoor sports areas, a beach club and spa, and multiple dining options. Carlos Khneisser, Vice President, Development, Middle East & Africa, Hilton, said: "We are pleased to be furthering our partnership with Mabanee, working together to deliver an elevated stay experience at Hilton Kuwait Resort." "With its beautiful setting and extensive offerings, the resort will bring the features of our iconic flagship brand to life, contributing to Kuwait's budding tourism industry and connecting travellers in this sought-after location on the coast," he stated. Mabanee CEO Waleed Khaled Alsharian said: "We look forward to opening the fully renovated Hilton Kuwait Resort, welcoming residents and visitors to a modern property with an uplifted room mix, additional facilities and Hilton's renowned hospitality." "The opening will further our hospitality footprint in Kuwait, where we have already partnered with Hilton to operate the Waldorf Astoria and Hilton Garden Inn in The Avenues," he added. Hilton pointed out that the new coastal resort joins three other Hilton properties in the country – Waldorf Astoria Kuwait, Hilton Garden Inn Kuwait and Hampton by Hilton Kuwait Salmiya. The Hilton Kuwait Resort will also serve as the iconic host for meetings and events, featuring a 2,100-sq m ballroom and seven meeting rooms.
Zawya
09-04-2025
- Business
- Zawya
Hilton and Mabanee announce the signing of Hilton Kuwait Resort
Dubai, UAE – Hilton (NYSE: HLT) and Mabanee (KSE: MABK) have announced the signing of Hilton Kuwait Resort, marking a transformative renovation of the iconic property in Mangaf. Scheduled to open in 2026, Hilton Kuwait Resort will be the largest coastal resort in Kuwait boasting a serene seaside setting spanning 1.3 kilometers of beach, positioning it as a premier getaway for both residents and international business and leisure visitors. The extensive renovation will include a comprehensive upgrade of the property, featuring energizing spaces such as enhanced guest rooms, chalets, and villas, as well as new amenities such as outdoor sports areas, a beach club and spa, and multiple dining options. Carlos Khneisser, Vice President, Development, Middle East & Africa, Hilton, said, 'We are pleased to be furthering our partnership with Mabanee, working together to deliver an elevated stay experience at Hilton Kuwait Resort. With its beautiful setting and extensive offerings, the resort will bring the features of our iconic flagship brand to life, contributing to Kuwait's budding tourism industry and connecting travelers in this sought-after location on the coast,.' Hilton Kuwait Resort will offer approximately 330 modern guest rooms, including 80 chalets, 64 villas and 36 studio apartments. Guests will have a range of world-class dining options featuring the best of local and global flavors to choose from. Leisure facilities will include an indulgent spa, a state-of-the-art fitness center, indoor and outdoor pools. Chief Executive Officer of Mabanee, Waleed Khaled Alsharian said, 'We look forward to opening the fully renovated Hilton Kuwait Resort, welcoming residents and visitors to a modern property with an uplifted room mix, additional facilities and Hilton's renowned hospitality. The opening will further our hospitality footprint in Kuwait, where we have already partnered with Hilton to operate the Waldorf Astoria and Hilton Garden Inn in The Avenues.' The resort will also serve as the iconic host for meetings and events, featuring a 2,100-square-meter ballroom and seven meeting rooms. With state-of-the-art capabilities, advanced technology, and seamlessly integrated food and beverage options, Hilton Kuwait Resort will accommodate events of all sizes, from intimate gatherings to grand weddings. Hilton Kuwait Resort will join three other Hilton properties in the country – Waldorf Astoria Kuwait, Hilton Garden Inn Kuwait and Hampton by Hilton Kuwait Salmiya. For more information about Hilton, visit -Ends- About Hilton Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 24 world-class brands comprising more than 8,400 properties and over 1.25 million rooms, in 140 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 3 billion guests in its more than 100-year history, was named the No. 1 World's Best Workplace by Great Place to Work and Fortune and has been recognized as a global leader on the Dow Jones Sustainability Indices. Hilton has introduced industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the more than 210 million Hilton Honors members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit for more information, and connect with Hilton on Facebook, X, LinkedIn, Instagram and YouTube. About Mabanee Mabanee is a leading real estate development company in the Middle East, renowned for its innovative approach to creating iconic destinations that redefine urban living. Established in 1964 and headquartered in Kuwait, Mabanee specializes in developing and managing high-quality commercial, residential, and hospitality projects. The company's flagship development, The Avenues in Kuwait, is one of the largest and most successful shopping destinations in the region, attracting millions of visitors annually. Additionally, Mabanee and its partners expanded its Avenues brand with the completion of The Avenues - Bahrain and the construction of The Avenues - Riyadh, and The Avenues – Khobar. Mabanee's commitment to excellence extends to its strategic partnerships and its role in advancing the Gulf's position as a regional hub for business, tourism, and leisure. With a strong focus on sustainability and community engagement, Mabanee continues to deliver projects that contribute to the economic and social development of the communities it serves. For more information about Mabanee, visit
