Kuwait City, Kuwait: At the recent award ceremony organized by Forbes Middle East, Tamdeen Real Estate Company and Kuwait National Cinema Company (KNCC) were recognized for being two of the 50 most powerful listed companies in the state of Kuwait.
The ceremony titled ‘Celebrating Kuwait’s Success’ honored top industry leaders and businesses across three categories: the 50 most powerful listed companies; the most influential private Arab companies and the strongest Arab businesswomen in Kuwait.
The event which took place on 22 May 2017 at JW Marriott Hotel Kuwait City was held under the patronage of Sheikh Mohammed Al Abdullah AL Sabah, Minister of State for Cabinet Affairs and Acting Minister of Information and was attended by several high-ranking ministers, diplomats and business leaders.
Tamdeen Real Estate Company and Kuwait National Cinema Company, both under Tamdeen Group of companies; were recognized for their impact in bolstering the private sector, their impressive growth as well as their contribution in supporting entrepreneurship.
Mohammed Abdul Hamid Al Marzouq, CEO of Tamdeen Real Estate, said: “It is an honor and a humbling experience to be recognized as one of the most powerful listed companies in Kuwait by none other than Forbes Middle East – a publication of great credibility and integrity. The recognition proves that we are going in the right direction and our projects, be it residential or commercial, are aligned to the market needs.”
As one of the wealthiest countries in the Middle East, Kuwait has shown an unwavering commitment to building a diversified economy. Events such as these not only encourage the private sector players to perform better but also highlight the opportunities for investment and expansion in the country.
Ahmed Al Osaimi, CEO of Kuwait National Cinema Company, said: “This event served as a good benchmark to gauge the performance of some of the most prominent companies in Kuwait and the overall business sector. It feels great to be considered an inspiring and influential company.”
Kuwait National Cinema Company recently launched a public awareness campaign titled “Spirit of Kuwait” which celebrates the human rights, legal and moral foundations on which the State of Kuwait was founded, as well as the country’s exemplary constitution that enshrines the values of justice and equality among individuals. The campaign expresses the nation’s gratitude to everyone who has contributed to the continued development and prosperity of the nation without discrimination and includes a series of outdoor and print media vignettes, as well as videos that is being shown on Kuwait National Cinema Company’s screens.
Forbes Middle East is one of the leading media outlets in the Middle East and is a major contributor to the exploration of investment opportunities in the Arab region. The magazine is exclusively licensed by Forbes International. The Kuwait list was based on the highest standards of neutrality, reliability and adherence to scientific methodology in research and global standards developed by Forbes – United States’ global.
About Tamdeen Group:
Since the acquisition of Tamdeen Real Estate Company in 1996, Tamdeen Group has grown dynamically into the regional powerhouse that it is today. Through inspirational leadership and a visionary strategic focus the group now owns assets valued at over US$ 4 billion (KD 1200 million).
Consisting of Real Estate Development, Investment and Entertainment arms, the group has consistently delivered growth for its partners and shareholders alike. The success of Tamdeen Group is defined by its continuous evolution, and outstanding track record of innovation in its offering. Several international awards and recognition have followed for innovative design, state-of-the-art architecture, outstanding marketing and pioneering use of technology.
Tamdeen Group entities include:
- Tamdeen Real Estate Co.
- Tamdeen Investment Co.
- Kuwait National Cinema Co.
- Tamdeen Shopping Centers Co.
- Tamdeen Entertainment Co.