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 with a paid-up capital of 140 million Kuwaiti dinars. 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.
Mabanee operates in key sectors:
Developing mixed-use destinations
Operating and managing shopping malls
Designing and managing projects
Chairman's Statement
A Message From The Chairman
Mohammed Abdulaziz Alshaya
Chairman
Dear Esteemed Shareholders,
On behalf of my fellow members of the Board of Directors, I would like to extend my sincerest gratitude for your trust and continued support, and I am pleased to share the Annual Report for the financial year ending on December 31st, 2024, which includes the company’s performance, financial results, and major developments for the year.
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Board & Management
Awards
PRIDE IN OUR ACHIEVEMENTS
Aventura - LEED precertification
In line with Mabanee's sustainability strategy, its commitment and adherence to environmental, social, and governance practices, and its development of sustainable projects, Mabanee proudly announced that the Aventura-J3 project meets the requirements and standards of the LEED v4 rating system for the design and construction of green buildings. The 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.
Excellence Awards
The Avenues obtained 3 medals within the Health Promoting Mall Initiative from the Healthy Cities Office - Ministry of Health in the State of Kuwait - for its excellence in: 1- Waste management. 2- Security, safety, and emergency procedures. 3- Community services (citizen service).
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LEED Award - 2025
The Avenues is the first mall in kuwait to obtain the silver LEED certification. LEED is an international certification in Leadership in Energy & Environmental Design.
Brand of the Year - 2022
The Avenues won ‘Brand of the Year’ award at the World Branding Awards in the Shopping Mall category 2022.
