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 12.90 -0.06 (-0.47%)
ALDAR 8.84 0.00 (0.00%)
EMAARDEV 15.06 0.12 (0.80%)
ERES 0.89 0.00 (0.00%)
TECOM 3.60 0.03 (0.84%)

Recent News

e& UAE unveils strategic blueprint for autonomous networks in AI era

23/06/2026

Leading UAE telecom services company e& has partnered with TM Forum to jointly release a new white paper titled 'The Path to Full Autonomy: e& UAE's Strategic Blueprint for Network Transformation in

Trade Arabia

Knowledge Economic City showcases $6.3bn Madinah vision at FHS 2026

23/06/2026

Knowledge Economic City (KEC), the publicly listed master developer leading Madinah's urban transformation, announced its participation as Strategic Partner at Future Hospitality Summit (FHS) Saudi A

Trade Arabia

Red Sea International unit lands MEP contract for Diriyah City project

23/06/2026

Saudi-based Red Sea International Company (RSI) has announced that its key subsidiary, The Fundamental Installation for Electric Work, has secured a key subcontract from Salini Saudi Arabia to delive

Trade Arabia

Umm Al Qura, Osus join hands for $266m residential project in Makkah

23/06/2026

Saudi-based Umm Al Qura for Development and Construction has announced that it has signed a land sale agreement with Osus Real Estate for three plots with planned investments of about SAR1 billion ($

Trade Arabia

Abu Dhabi healthcare group Burjeel launches $1.5b funding plan as it targets expansion

23/06/2026

Abu Dhabi healthcare provider Burjeel Holdings has set up a $1.5 billion Sukuk programme as it looks to raise funds from international capital markets and support its future expansion plans.

Gulfnews

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