We present to you the balance sheet and financial results of your company, “Marakez Real Estate Development Company” (K.S.C.C.), for the year ending December 31, 2025.

Financial Indicators

We summarize some of the company’s financial indicators from the balance sheet, which reflect its performance during 2025.

The total value of assets for 2025 amounted to KWD 20,563,217, an increase of KWD 792,785 compared to 2024, representing approximately 3.709%.

The value of investment properties reached KWD 19,000,000.

Total shareholders’ equity in 2025 reached KWD 20,164,361, compared to KWD 17,391,940 in 2024, representing an increase of KWD 2,772,421 and a growth rate of 13.749%.

Total expenses amounted to KWD 228,368, while revenues reached KWD 3,128,488, representing approximately 856.20% of the company’s share capital of KWD 15,000,000, or approximately 19.98 fils per share.

The book value per share was 145 fils. Further details are available in the company’s audited financial statements.

The Company’s Current and Future Projects

The company is currently collaborating with an engineering consultancy firm to prepare and approve the designs for the “Marakez” city project. Once the situation in the Syrian Arab Republic stabilizes further in the coming days, the necessary procedures will be finalized and permits obtained to begin implementing the approved and comprehensive plan for this city. This plan will encompass all its residential, investment, commercial, tourism, recreational, and sports facilities, and will be built on a total area of ​​approximately 640,000 square meters in the Sa’sa’ area (Damascus countryside) on the Damascus-Beirut highway.

Corporate Governance

With regard to Capital Markets Authority Law No. (7) of 2010 and its Executive Regulations,

and the provisions therein pertaining to corporate governance, the company has previously contracted with a corporate governance consultancy firm to ensure compliance with all governance requirements and to develop its own policies to align with the Authority’s regulations.

This includes future amendments and confirms the company’s commitment to fulfilling all the Capital Markets Authority’s requirements regarding corporate governance.

The company has also taken into consideration some of the observations in the annual report on the evaluation and review of internal control systems (ICR) and has worked to correct and improve them to ensure compliance with all governance requirements.

You can view the Corporate Governance Report and the 2025 Annual Report of the Internal Audit Committee on the company’s official website.

In conclusion, we thank God Almighty for His blessings. We also extend our thanks to the esteemed members of the Board of Directors for all the support and effort they have provided to the company. Thanks are also due to the executive management, all company employees, the honorable shareholders, and all relevant official authorities.

Thank you for your presence and support,,,

God grants success ,,,