Salhia Real Estate

SRE • Kuwait Boursa

0.362 KWD-0.55%

Sector

Real Estate

Last Updated

10/19/2026

About SRE

Salhia Real Estate Company K.S.C.P., together with its subsidiaries, engages in real estate development and leasing in Kuwait, Gulf Cooperation Council, and Europe. The company operates through Real Estate Operations and Hotel Operations. It develops and leases commercial, retail and leisure, and office properties. The company also provides hotel hospitality services through JW Marriott Hotel Kuwait, Courtyard Marriott Hotel-Kuwait and Arraya Ballroom Kuwait, and Marriot Executive Apartments. In addition, the company is involved in the provision of project management services; and entertainment businesses. The company was incorporated in 1974 and is based in Kuwait City, Kuwait.

Headquarters

Kuwait City, Kuwait

Industry

Real Estate

Exchange

Boursa Kuwait

Key Metrics

Stock & Valuation

Stock Price:0.362 KD

EPS:0.010 KD

P/E Ratio:35.7

Price to Book:0.00

Dividend Yield:4.14%

Profitability

Net Profit:6.2M KD

Revenue:46.6M KD

Gross Margin:72.4%

Operating Margin:43.1%

Net Margin:13.3%

Returns

ROE:3.4%

ROA:1.1%

Total Assets:539.4M

Total Equity:181.9M

Operating Cash Flow:29.9M KD

Financial Health

Current Ratio:0.20

Debt to Equity:1.97

Cash:8.3M KD

Total Liabilities:357.6M KD

Net Cash Position:-349.3M KD

SRE annual financials

Salhia Real Estate — revenue, net profit, assets, equity and earnings per share, 2020–2025. Source: audited annual reports filed to Boursa Kuwait.

Salhia Real Estate (SRE) annual financial results in Kuwaiti dinars
Year	Revenue	Net profit	Total assets	Equity	EPS
2025	KD 46.6m	KD 6.2m	KD 539.4m	KD 181.9m	10.1 fils
2024	KD 44.7m	KD 12.7m	KD 517.8m	KD 182.7m	22.0 fils
2023	KD 40.6m	KD 16.1m	KD 458.1m	KD 179.9m	29.3 fils
2022	KD 35.9m	KD 14.6m	KD 418.8m	KD 168.1m	28.2 fils
2021	KD 21.1m	KD 9.4m	KD 391.9m	KD 161.7m	18.9 fils
2020	KD 19.3m	KD 21.2m	KD 364.1m	KD 167.2m	43.0 fils

Latest earnings call — Q2 2026

Salhia Real Estate analyst conference, 18 August 2026

Salhia Real Estate (SRE) delivered headline net profit growth to KD 8.2 million in Q2 2026, but the core thesis remains largely unchanged as quality of earnings was heavily distorted by a one-off asset sale. Operating fundamentals show moderate acceleration with revenue up 7% YoY and EBITDA surging 65% YoY, driven by the operational ramp-up of the newly reopened JW Marriott and solid retail occupancies. However, KD 3.85 million (~47% of quarterly net profit) stemmed from a land parcel divestment rather than recurring rental income. The key operational surprise is the gradual, multi-year leasing trajectory of Assima Tower, which continues to lag the retail portfolio.

Full brief: numbers that matter, guidance, analyst pushback, risks · ~500 words

Dividend History

Latest DPS

0.015 KD

Year 2025

Dividend Yield

4.14%

Annual

Avg DPS

0.019 KD

9 years

Growth

-25.0%

9 years

Recent Payments

2025 Dividend(annual)

0.015 KD

Paid 4/23/2026

2024 Dividend(annual)

0.015 KD

Paid 5/14/2025

2023 Dividend(bonus)

—

Paid 5/22/2024