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United Real Estate Company has entered into a market maker agreement with Kuwait Financial Centre (Markaz) to enhance the liquidity of its shares on the Kuwait Stock Exchange. URC, established in 1973 and listed since 1984, has a diversified real?estate portfolio spanning retail, residential, commercial, and hospitality assets in Kuwait and MENA. The company has shown consistent financial growth, with a 21.3?% increase in net profit in 2024 and strong first quarter 2025 results. The market maker arrangement aims to support smoother trading and boost investor confidence.
United Real Estate Company (URC), a prominent real-estate developer in Kuwait, has recently signed a market maker agreement with Kuwait Financial Centre, also known as Markaz. Under this agreement, Markaz will act as a market maker for URC's shares listed on the Kuwait Stock Exchange. The collaboration is intended to enhance the liquidity of URC shares, making it easier for investors to buy and sell the stock efficiently. Advertisement
Founded in 1973 and publicly listed since 1984, URC has a diverse portfolio that includes retail, hospitality, residential, and commercial properties across Kuwait and the wider MENA region. The company has shown consistent financial strength over the years. In 2024, it reported a 21.3 % increase in net profit, reaching KD 5.1million, alongside growth in gross profit and asset values. Recent results for the first quarter of 2025 indicate continued operational momentum and stable performance, reflecting the company's ability to maintain steady growth.
This agreement with Markaz comes at a time when URC is focusing on increasing investor confidence and market participation. By facilitating smoother trading of its shares, the company aims to strengthen shareholder engagement and overall market stability. The market maker arrangement is expected to provide more transparent pricing, reduce volatility, and make trading URC shares more attractive to institutional and retail investors alike.
Source Reuters
5th Jun, 2025
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