Manazel Holding Company K.P.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2021

Manazel Holding Co KPSC is a Kuwait-based public shareholding company engaged in the housing and real estate sector. The Company operates through two business segments: Real Estate and Investment. The Real Estate segment is engaged in the ownership, sale, purchase and development of real estate and land, as well as property management. The Investment segment is engaged in investment and portfolios managed by specialized companies. The Company carries out its activities in accordance with Islamic sharia principles. The Company’s subsidiaries include Manazel Real Estate Developments and Manazel Developments, which are engaged in residential, commercial, industrial and touristic property investment, development and sale. The Company’s projects include, among others, Layan Project, a residential project of 442 luxury residential villas spread over a million square meters of land in Cairo, Egypt, and Al Sura Project which is a residential development project in Kuwait.