We present to you the balance sheet of your company, Real Estate Trade Centers Company (K.S.C.P.), as well as the financial results for the year ending December 31, 2024.

Financial Indicators:

We summarize some of the financial indicators of the company’s balance sheet, which reflect its business results during 2024.

The total value of assets for 2024 amounted to KWD 19,800,432, a decrease of KWD 9,863,673 compared to 2023, or approximately 49.815%.

The value of investment properties amounted to KWD 19,780,449.

Total equity in 2024 amounted to KWD 17,391,940, compared to KWD 25,173,469 in 2023, a decrease of KWD 7,781,529, representing a 44.742% decrease in equity.

Total expenses for 2024 amounted to KWD 121,218, and total revenues amounted to KWD 6,553,711, representing approximately 43.690% of the company’s capital of KWD 15,000,000, or approximately 48.110 fils (loss) per share.

The book value per share amounted to 125 fils.

More details are available in the company’s audited financial statements, which you can review.

The company’s current and future projects:

The company is currently preparing the necessary designs for the construction of the “Marakez” City project in the Syrian Arab Republic, in the Sa’sa’ area (Damascus countryside), on Al-Salam Road. Once the situation in the Syrian Arab Republic stabilizes in the near future, the final plans and integrated urban designs for this residential city will be approved.

This will then enable us to obtain all the necessary licenses and approvals to implement this vital project, which is an integrated model city built on an area of ​​620,000 square meters. It will include a commercial and investment center, a hotel, a hospital, and a large number of residential units, including no fewer than 153 residential buildings, totaling 4,896 housing units with an average area of ​​165 square meters per unit. The project will also provide all the necessary recreational and sports services and facilities for the residents.

This vital project aims to improve and develop the social and commercial conditions of the local residents and those living near “Marakez” City.

Corporate Governance:

With regard to Capital Markets Authority Law No. (7) of 2010 and its Executive Regulations, and the decisions it contains regarding corporate governance, the company has previously contracted with a consultant specializing in governance laws, developed and implemented specific policies, and incorporated some of the observations of the Internal Control Review and Evaluation Report (ICR).

This is all to ensure compliance with the Authority’s regulations and amendments, while emphasizing the company’s commitment to and compliance with all the conditions and requirements of the Capital Markets Authority regarding corporate governance.

Attached is the annual report of the Internal Audit Committee and the annual report on corporate governance for 2024.

Finally, we thank God Almighty and our fellow members of the Board of Directors for everything they have provided to the company over the past period. We would also like to thank the executive management, all relevant stakeholders working within the company, the honorable shareholders, and all relevant official authorities.

Thank you for your presence and support,,,

God grants success ,,,