- ISKAN Oman Investment Company
The company is proposed as a closed joint stock shareholding company and engaged in the business of property development. The company’s business model would be a combination of build to sell model and build to lease model in addition to real estate trading business.
The company would undertake development of property for residential, commercial, mixed use and tourism projects in Oman. The construction of the projects would be outsourced to specialist construction companies.
The real estate trading business would enable the company to acquire ongoing market intelligence and provide opportunity to invest surplus cash at an attractive rate of retune
- First Bahrain Company
Established on October 5, 2004 in Kuwait as Baraq Al Khaleej Holding Company with a paid up capital of USD 3.5 million, the corporate name was changed to First Bahrain Real Estate Development Company in October 2004 with and an cash injection increased paid up share capital to USD 106 million (KD 30 million) in April 2005.
- ISKAN Investment Holding Company (BVI)
- ISKAN General Trading &Contracting Company
- ISKAN Real Estate Company
- ISKAN International Real Estate Development Company (IIPDC)
The company will be engaged primarily in the business of property development with a focus on residential segment in Kuwait. It will actively pursue development and trading opportunities in Kuwait and shall invest in a variety of residential projects in various Governorates of Kuwait. The company’s property development activities will be based on build to sell model.
Some of its main activities are:
1. conduct all real estate activities relating to purchase, owning, trading, developing land and properties in various real estate segments,
2. carrying out feasibility studies and real estate investments of all types,
3. setting up of real estate funds inside and outside Kuwait,
4. Owning and operating hotels and marine and health clubs and all state facilities tourist resorts, direct contribution to develop the infrastructure for zones and all state facilities and residential, trading, industrial agricultural projects by BOT system.