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Pearl of Kuwait Real Estate Company was established on Feb. 5, 1975 under the name of Kuwait International Real Estate Company (Kuwait Shareholding Closed Company) with a start up capital of KD 150,000. Today the paid up capital is KD 21 million with assets under management of USD 400 million. The company was a joint venture between Kuwaiti investors, the Kuwait Real Estate Bank, and Bank of America International Corporation, which is an American company registered in the state of Delaware in the United States of America. The company was listed on the Kuwait Stock Exchange in of 1987. Since its establishment, the name of the Company has been changed various times.
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