Bonyan Real Estate Co.

Bonyan Real Estate Company is a subsidiary of Bayan Investment Company which was established in Kuwait in 1997. Bonyan is the Real Estate Investment arm of Bayan. Since its inception in 2004, Bonyan adopted a business model that aims at coping with the boom in the real estate sector, and at leveraging the robust real estate activity in the Gulf and the Middle East region, ensuring the highest returns on investments. The Company also seeks to attain a leading position in the real estate sector, by adopting modern concepts that keep pace with the latest developments in the global real estate industry, and by applying those concepts in designing and marketing landmark properties.

Bonyan was originally founded as a Kuwaiti Closed Shareholding Company in August 2004 under the name of Bayan International for Real Estate Services with a starting paid up capital of KD250,000. On May 21st, 2005 the board of directors approved change of company name to Bonyan Real Estate Co. and raised the total paid up capital to KD1,000,000 distributed into 10,000,000 shares with a value of 100 fils per share. These changes were noted by the ministry of Commerce and Industry on May 30th, 2005. The company has been registered at the Kuwaiti Chamber of Commerce since 2005 (Registration No. 92823) and it is also registered at the Central Tender Committee since 2005 (Registration No. 525B).