| About Mabanee

About Mabanee

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

Learn More

Chairman's Statement

A Message From The Chairman

Mohammed Abdulaziz Alshaya

Chairman

Dear Esteemed Shareholders,

On behalf of the members of the Board of Directors, it is my pleasure to extend my sincerest gratitude to you for your trust and continuous support. I am pleased to present to you Mabanee’s Annual Report, which reflects the company’s performance, financial results, operational highlights, and achievements for the financial year which ended in 31/12/2022.

Board & Management

Board of Directors

Executive Management

Mohammed A. Alshaya

Chairman of Board of Directors

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Mohammed A. Latif Alshaya

Vice-Chairman

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Abdullah A. Latif Alshaya

Member of the Board of Directors

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Ayman A. Latif Alshaya

Member of the Board of Directors

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Azzam A. Al Fulaij

Member of the Board of Directors

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Mohammed Rashid Al-Mutairi

Member of the Board of Directors

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Mr. Waleed Khaled Alsharian

Chief Executive Officer

Mr. Tareq Abdulwahab AlAdsani

Deputy Chief Executive Officer

Mr. Saud Abdulmohsin Al Zabin

Chief Administrative Officer

Mr. Waleed Khaled Al Fahad

Chief Operating Officer

Mr. Sulaiman Mohammed Alrubaie

Chief Investment Officer

Mr. Abhishek Rastogi

Chief Financial Officer

Awards

All 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).

Leed Award - 2024

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.