Strong Numbers Amid the Storm
United Real Estate Company (URC), the real estate arm of Kuwait Projects Company Holding (KIPCO), announced its financial results for the three-month period ending March 31, 2026. The company recorded an operating profit of KD 6.96 million, up 11% from KD 6.28 million in 2025. Moreover, gross profit jumped 11% to KD 8.46 million.
Despite market challenges, URC showed real grit.
CEO's Bold Take
However, net profit slipped 8% to KD 2.09 million and earnings per share fell to 1.53 fils. Group CEO Mr. Mishary Suleiman Al-Muhailan praised the flexible approach and cost discipline that keep momentum alive. He added that URC aims to create promising opportunities, boost investor confidence, and support Kuwait’s long-term growth.
