| It gives me immense pleasure to present a brief summary about Pearl of Kuwait Real Estate company and its achievements within a very short period of time under the leadership of the current board of directors. The company was established in the year 1975, and was listed in the Kuwait Stock Exchange in 1987. During the year 2003, a year of challenges, the current administration has lead the company a long way to fulfill its objectives in achieving record results in all the levels through modern strategies for all its real estate activities in Kuwait and overseas, along with formulating future plans to open new markets in the G.C.C. Region. Establishing real estate funds was one of its most significant activities beginning with Pearl Real Estate fund with a capital of KD 5 | | million and subsequently increasing to KD 25million.The experience of the company enabled itto become one of the leading real estatecompanies investing in real-estate projectsin Kuwait, Germany, USA, Lebanon, Dubai,Bahrain and soon in Morocco.Let me take the opportunity on behalf of theBoard of Directors and myself - to expressour deep thanks for your support, promisingthat the company will continue its activitiesexpanding in the local and international realestate markets.I also wish to thank company’s share holdersfor the trust they have shown in the Board Of Directors. Ahmad Mohammed Al-Ajlan
General Manager |