Mabanee allocates part of Avenues mall new expansion

03/05/2012 08:11 AST

Mabanee Real Estate Company, overseeing the Avenues Mall project, said that part of the mall's new expansion will be allocated for Kuwaiti small businesses.

The company said in a press release, on Wednesday, that the leasing process of stores in the new expansion phase was complete. Kuwaiti owners of these small businesses were required to pay nominal fees for rent in means of support.

The new expansion will add a new dimension to the mall. It takes the form of an old Kuwaiti souk with old architectural designs and narrow allies, making the Avenues one of the most prestigious malls in the world.

The mall will have an overall leasable area of more than 270,000 square meters, with over 800 stores and parking for 10,000 cars. The total project development will cost around 300 million Kuwaiti dinars (over one billion US dollars).


KUNA

News

Kuwaiti developer Mabanee inks $341m Islamic facility agreement

30/12/2025

Kuwait-based Mabanee Company, one of the region's largest real estate developers, has announced the signing of an Islamic financing agreement worth KD104.8 million ($341 million) with a 60-month teno

Trade Arabia

Hilton, Mabanee in deal to open largest coastal resort in Kuwait

10/04/2025

Kuwait-based real estate development company Mabanee and global hospitality major Hilton has announced the signing of an agreement for the development of its prime project - Hilton Kuwait Resort - th

Trade Arabia

Mabanee achieves solid financial results for 2013

27/04/2014

KUWAIT: Mabanee Real Estate Co achieved solid financial results in 2013, exceeding figures of previous years. Growth in net profit stood at 44 percent, a great leap compared to previous years. This i

Khaleej Times

Most Viewed Companies

Ticker Price Volume

Valuation

MABANEE Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
EMAAR 11.24 -0.42 (-3.61%)
ALDAR 7.79 -0.09 (-1.15%)
EMAARDEV 13.72 -0.20 (-1.44%)
ERES 0.90 0.01 (1.12%)
TECOM 3.38 -0.17 (-4.79%)

Recent News

Kuwait Airways to operate 728 weekly flights across 58 destinations in June

25/05/2026

Kuwait Airways will operate around 728 weekly flights to 58 global destinations in June, following approvals from relevant authorities, Acting CEO Abdulwahab Al-Shatti said.

According to Kuw

Gulfnews

FAB mobilises $103.74bn in sustainable and transition finance

25/05/2026

First Abu Dhabi Bank (FAB), the UAE's global bank and one of the world's largest financial institutions, facilitated AED381 billion ($103.74 billion) in sustainable and transition finance between 202

Trade Arabia

Oman Fisheries board quits over liquidity crisis

25/05/2026

Oman Fisheries Company has announced the collective resignation of its board of directors and called for an extraordinary general meeting, citing an acute and irreversible liquidity crisis that has l

Muscat Daily

Shurooq, Sanam to develop new K-12 school in Sharjah

25/05/2026

The Sharjah Investment and Development Authority (Shurooq) has announced that it has signed an agreement with Sanam Group's education platform to develop a new K-12 school in the emirate.

Th

Trade Arabia

ADIB, DAMAC ease path to homeownership with new finance solution

25/05/2026

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, and DAMAC Properties, a leading private real estate developer in the Middle East, have launched a landmark home financing plan

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap