{"id":8793,"date":"2023-10-09T10:54:23","date_gmt":"2023-10-09T07:54:23","guid":{"rendered":"https:\/\/dalqanrealestate.com\/?page_id=8793"},"modified":"2023-10-11T10:50:50","modified_gmt":"2023-10-11T07:50:50","slug":"reports","status":"publish","type":"page","link":"https:\/\/dalqanrealestate.com\/en\/reports\/","title":{"rendered":"Reports"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"8793\" class=\"elementor elementor-8793\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-0f868b4 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"0f868b4\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;3fe0e5a&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:&quot;1&quot;,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5bfbaed\" data-id=\"5bfbaed\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-5e9b707 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"5e9b707\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;3196a26&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:&quot;1&quot;,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-806bd08\" data-id=\"806bd08\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c98220c elementor-align-center sub-title elementor-widget elementor-widget-button\" data-id=\"c98220c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" width=\"22\" height=\"43\" viewBox=\"0 0 22 43\"><defs><clipPath id=\"clip-path\"><rect id=\"Rectangle_1808\" data-name=\"Rectangle 1808\" width=\"22\" height=\"43\" transform=\"translate(253 1819.267)\" fill=\"#fff\" stroke=\"#707070\" stroke-width=\"1\"><\/rect><\/clipPath><\/defs><g id=\"Mask_Group_2\" data-name=\"Mask Group 2\" transform=\"translate(-253 -1819.267)\" clip-path=\"url(#clip-path)\"><g id=\"Group_103\" data-name=\"Group 103\" transform=\"translate(259.6 1821.39)\"><path id=\"Path_3814\" data-name=\"Path 3814\" d=\"M213.9,600.966l-7.943-5.653h-1.054v44.231h1.054v-3.214l7.943-.075Zm-.177,35.113-7.766.073V595.53l7.766,5.527Z\" transform=\"translate(-198.837 -595.311)\" fill=\"#ffc000\"><\/path><path id=\"Path_3815\" data-name=\"Path 3815\" d=\"M200.834,648.415l-7.977-5.678H191.8v33.231h1.054v-.609l7.977-.075Zm-.177,26.694-7.8.074V642.955l7.8,5.551Z\" transform=\"translate(-188.812 -631.594)\" fill=\"#ffc000\"><\/path><path id=\"Path_3816\" data-name=\"Path 3816\" d=\"M188,683.622l-7.865-5.6h-1.054v25h1.054v-1.078l7.865-.074Zm-.177,18.074-7.688.073V678.242l7.688,5.472Z\" transform=\"translate(-179.078 -658.59)\" fill=\"#ffc000\"><\/path><\/g><\/g><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">ANNUAL REPORTS<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a61311a elementor-widget elementor-widget-eael-adv-tabs\" data-id=\"a61311a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"eael-adv-tabs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t        <div data-scroll-on-click=\"no\" data-scroll-speed=\"300\" id=\"eael-advance-tabs-a61311a\" class=\"eael-advance-tabs eael-tabs-horizontal eael-tab-auto-active  active-caret-on\" data-tabid=\"a61311a\">\n            <div class=\"eael-tabs-nav \">\n                <ul class=\"\" role=\"tablist\">\n                                            <li id=\"\" class=\"active-default eael-tab-item-trigger eael-tab-nav-item\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"-tab\" aria-expanded=\"false\">\n                            \n                            \n                            \n                                                            <span class=\"eael-tab-title title-after-icon\" ><\/span>                                                    <\/li>\n                    \n                                  <\/ul>\n            <\/div>\n            \n            <div class=\"eael-tabs-content\">\n\t\t        \n                    <div id=\"-tab\" class=\"clearfix eael-tab-content-item active-default\" data-title-link=\"-tab\">\n\t\t\t\t        <ul class=\"fi_tab annual-report\" style=\"text-align: left\"><li class=\"wrap\"><div class=\"yr-date\"><h4 class=\"year\">2016<\/h4><p>31 December 2016<\/p><\/div><div class=\"download-btn\"><a href=\"https:\/\/dalqanrealestate.com\/wp-content\/uploads\/2023\/10\/31-Dec-2016-Annual-EN.pdf\"><i class=\"fas fa-download\"><\/i> Download PDF<\/a><\/div><\/li><li class=\"wrap\"><div class=\"yr-date\"><h4 class=\"year\">2017<\/h4><p>31 December 2017<\/p><\/div><div class=\"download-btn\"><a href=\"https:\/\/dalqanrealestate.com\/wp-content\/uploads\/2023\/10\/31-Dec-2017-Annual-EN.pdf\"><i class=\"fas fa-download\"><\/i> Download PDF<\/a><\/div><\/li><li class=\"wrap\"><div class=\"yr-date\"><h4 class=\"year\">2018<\/h4><p>31 December 2018<\/p><\/div><div class=\"download-btn\"><a href=\"https:\/\/dalqanrealestate.com\/wp-content\/uploads\/2023\/10\/31-Dec-2018-Annual-EN.pdf\"><i class=\"fas fa-download\"><\/i> Download PDF<\/a><\/div><\/li><li class=\"wrap\"><div class=\"yr-date\"><h4 class=\"year\">2019<\/h4><p>31 December 2019<\/p><\/div><div class=\"download-btn\"><a href=\"https:\/\/dalqanrealestate.com\/wp-content\/uploads\/2023\/10\/31-Dec-2019-Annual-EN.pdf\"><i class=\"fas fa-download\"><\/i> Download PDF<\/a><\/div><\/li><li class=\"wrap\"><div class=\"yr-date\"><h4 class=\"year\">2020<\/h4><p>31 December 2020<\/p><\/div><div class=\"download-btn\"><a href=\"https:\/\/dalqanrealestate.com\/wp-content\/uploads\/2023\/10\/31-Dec-2020-Annual-EN.pdf\"><i class=\"fas fa-download\"><\/i> Download PDF<\/a><\/div><\/li><li class=\"wrap\"><div class=\"yr-date\"><h4 class=\"year\">2021<\/h4><p>31 December 2021<\/p><\/div><div class=\"download-btn\"><a href=\"https:\/\/dalqanrealestate.com\/wp-content\/uploads\/2023\/10\/31-Dec-2021-Annual-EN.pdf\"><i class=\"fas fa-download\"><\/i> Download PDF<\/a><\/div><\/li><li class=\"wrap\"><div class=\"yr-date\"><h4 class=\"year\">2022<\/h4><p>31 December 2022<\/p><\/div><div class=\"download-btn\"><a href=\"https:\/\/dalqanrealestate.com\/wp-content\/uploads\/2023\/10\/31-Dec-2022-Annual-EN.pdf\"><i class=\"fas fa-download\"><\/i> Download PDF<\/a><\/div><\/li><\/ul>                    <\/div>\n\t\t                    <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-0f74911 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"0f74911\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;3196a26&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:&quot;1&quot;,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-c48f2c6\" data-id=\"c48f2c6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dc8c649 elementor-align-center sub-title elementor-widget elementor-widget-button\" data-id=\"dc8c649\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" width=\"22\" height=\"43\" viewBox=\"0 0 22 43\"><defs><clipPath id=\"clip-path\"><rect id=\"Rectangle_1808\" data-name=\"Rectangle 1808\" width=\"22\" height=\"43\" transform=\"translate(253 1819.267)\" fill=\"#fff\" stroke=\"#707070\" stroke-width=\"1\"><\/rect><\/clipPath><\/defs><g id=\"Mask_Group_2\" data-name=\"Mask Group 2\" transform=\"translate(-253 -1819.267)\" clip-path=\"url(#clip-path)\"><g id=\"Group_103\" data-name=\"Group 103\" transform=\"translate(259.6 1821.39)\"><path id=\"Path_3814\" data-name=\"Path 3814\" d=\"M213.9,600.966l-7.943-5.653h-1.054v44.231h1.054v-3.214l7.943-.075Zm-.177,35.113-7.766.073V595.53l7.766,5.527Z\" transform=\"translate(-198.837 -595.311)\" fill=\"#ffc000\"><\/path><path id=\"Path_3815\" data-name=\"Path 3815\" d=\"M200.834,648.415l-7.977-5.678H191.8v33.231h1.054v-.609l7.977-.075Zm-.177,26.694-7.8.074V642.955l7.8,5.551Z\" transform=\"translate(-188.812 -631.594)\" fill=\"#ffc000\"><\/path><path id=\"Path_3816\" data-name=\"Path 3816\" d=\"M188,683.622l-7.865-5.6h-1.054v25h1.054v-1.078l7.865-.074Zm-.177,18.074-7.688.073V678.242l7.688,5.472Z\" transform=\"translate(-179.078 -658.59)\" fill=\"#ffc000\"><\/path><\/g><\/g><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Report and proposal of the board of directors<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5f7ead elementor-widget elementor-widget-eael-adv-accordion\" data-id=\"c5f7ead\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"eael-adv-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t            <div class=\"eael-adv-accordion\" id=\"eael-adv-accordion-c5f7ead\" data-scroll-on-click=\"no\" data-scroll-speed=\"300\" data-accordion-id=\"c5f7ead\" data-accordion-type=\"toggle\" data-toogle-speed=\"200\">\n            <div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"from-1-january-2020-to-31-december-2020\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"1\" aria-controls=\"elementor-tab-content-2071\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">From 1 January 2020 to 31 December 2020<\/span><\/div><div id=\"elementor-tab-content-2071\" class=\"eael-accordion-content clearfix\" data-tab=\"1\" aria-labelledby=\"from-1-january-2020-to-31-december-2020\"><p>Dear shareholders,<\/p><ul><li>The Board of Directors prepared during the fiscal year ending on 31\/12\/2020 the financial report as follows:<\/li><\/ul><p><u>Operational revenue:<\/u> KD 96,140 (compared to KD 387,864 in 2019), which means a KD 291,724 drop (75.2%).<\/p><p><u>Operational net profit<\/u>: Total revenue for the fiscal year ending on 31\/12\/2020 reached KD 24,472 (compared to KD 341,519 in 2019), which means a KD 317,047 drop (92.8%).<\/p><p><u>Other expenses<\/u> reached KD 71,668 in 2020 (compared to KD 46,345 in 2019), which means a KD 25,323 increase (54.6%).<\/p><p><u>Net profit<\/u> for the fiscal year ending on 31\/12\/2020 reached KD 23,272 (compared to KD 326,357 in 2019), which means a KD 303,085 drop (92.8%).<\/p><p><u>Earnings per share<\/u> reached 0.38 fils in 2020 (compared to 5.39 fils in 2019), which means a 92.8% drop.<\/p><p><u>Current projects<\/u>: Due to the instability of real estate prices, and based on our studies for the Kuwaiti real estate market, we noticed a drop in prices. Therefore, there are no current projects until real estate prices in Kuwait stabilize.<\/p><p><u>Future projects:<\/u><\/p><ol><li>The Board of Directors observes and studies Kuwait\u2019s real estate market to invest in real estate and increase investment revenues.<\/li><li>The Board of Directors recommended not paying any bonuses for members of the board for the fiscal year ending on 31\/12\/2020.<\/li><li>The Board of Directors recommended not distributing dividends for the fiscal year ending on 31\/12\/2020.<\/li><li>The Board of Directors recommended deducting 10% of profits for the voluntary reserve account and 10% from the profits\u2019 account to the legal reserve account.<\/li><\/ol><p><u>Dealing with related parties<\/u><\/p><p>There were no dealings with related parties during the fiscal year ending on 31\/12\/2020.<\/p><\/div>\n\t\t\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-fbe0f00 elementor-widget elementor-widget-spacer\" data-id=\"fbe0f00\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5681f8 elementor-align-center sub-title elementor-widget elementor-widget-button\" data-id=\"f5681f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" width=\"22\" height=\"43\" viewBox=\"0 0 22 43\"><defs><clipPath id=\"clip-path\"><rect id=\"Rectangle_1808\" data-name=\"Rectangle 1808\" width=\"22\" height=\"43\" transform=\"translate(253 1819.267)\" fill=\"#fff\" stroke=\"#707070\" stroke-width=\"1\"><\/rect><\/clipPath><\/defs><g id=\"Mask_Group_2\" data-name=\"Mask Group 2\" transform=\"translate(-253 -1819.267)\" clip-path=\"url(#clip-path)\"><g id=\"Group_103\" data-name=\"Group 103\" transform=\"translate(259.6 1821.39)\"><path id=\"Path_3814\" data-name=\"Path 3814\" d=\"M213.9,600.966l-7.943-5.653h-1.054v44.231h1.054v-3.214l7.943-.075Zm-.177,35.113-7.766.073V595.53l7.766,5.527Z\" transform=\"translate(-198.837 -595.311)\" fill=\"#ffc000\"><\/path><path id=\"Path_3815\" data-name=\"Path 3815\" d=\"M200.834,648.415l-7.977-5.678H191.8v33.231h1.054v-.609l7.977-.075Zm-.177,26.694-7.8.074V642.955l7.8,5.551Z\" transform=\"translate(-188.812 -631.594)\" fill=\"#ffc000\"><\/path><path id=\"Path_3816\" data-name=\"Path 3816\" d=\"M188,683.622l-7.865-5.6h-1.054v25h1.054v-1.078l7.865-.074Zm-.177,18.074-7.688.073V678.242l7.688,5.472Z\" transform=\"translate(-179.078 -658.59)\" fill=\"#ffc000\"><\/path><\/g><\/g><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">REPORT OF THE INTERNAL AUDIT AND RISK MANAGEMENT COMMITTEE<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-4e6f459 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"4e6f459\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[{&quot;jet_parallax_layout_image&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;_id&quot;:&quot;3196a26&quot;,&quot;jet_parallax_layout_image_tablet&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_image_mobile&quot;:{&quot;url&quot;:&quot;&quot;,&quot;id&quot;:&quot;&quot;,&quot;size&quot;:&quot;&quot;},&quot;jet_parallax_layout_speed&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;jet_parallax_layout_type&quot;:&quot;scroll&quot;,&quot;jet_parallax_layout_direction&quot;:&quot;1&quot;,&quot;jet_parallax_layout_fx_direction&quot;:null,&quot;jet_parallax_layout_z_index&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x&quot;:50,&quot;jet_parallax_layout_bg_x_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_x_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y&quot;:50,&quot;jet_parallax_layout_bg_y_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_y_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size&quot;:&quot;auto&quot;,&quot;jet_parallax_layout_bg_size_tablet&quot;:&quot;&quot;,&quot;jet_parallax_layout_bg_size_mobile&quot;:&quot;&quot;,&quot;jet_parallax_layout_animation_prop&quot;:&quot;transform&quot;,&quot;jet_parallax_layout_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;]}]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-8580966\" data-id=\"8580966\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-25d43b8 elementor-widget elementor-widget-eael-adv-accordion\" data-id=\"25d43b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"eael-adv-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t            <div class=\"eael-adv-accordion\" id=\"eael-adv-accordion-25d43b8\" data-scroll-on-click=\"no\" data-scroll-speed=\"300\" data-accordion-id=\"25d43b8\" data-accordion-type=\"accordion\" data-toogle-speed=\"200\">\n            <div class=\"eael-accordion-list\">\n\t\t\t\t\t<div id=\"from-1-january-2020-to-31-december-2020\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"1\" aria-controls=\"elementor-tab-content-3961\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">From 1 January 2020 to 31 December 2020<\/span><\/div><div id=\"elementor-tab-content-3961\" class=\"eael-accordion-content clearfix\" data-tab=\"1\" aria-labelledby=\"from-1-january-2020-to-31-december-2020\"><p>In reference to the subject above, and after the end of the fiscal year on 31 December 2020, we are glad to present to you our report for the aforementioned period, which explains the company\u2019s operations and activities that were under audit and point out the main remarks and recommendations. The following is a preview of the report:<\/p><p><u>First: Goals, extent and procedures of the audit operations<\/u><\/p><ol><li>Revenue audit.<\/li><li>Payment check.<\/li><li>Cash and cash equivalent audit.<\/li><li>Financial statements\u2019 verification.<\/li><li>Administrative affairs\u2019 audit.<\/li><li>Administrative decisions\u2019 follow up.<\/li><\/ol><p><u>Second: Audit result<\/u><\/p><p>First: Goals, extent and procedures of the audit operations<\/p><ol><li>Revenue audit<\/li><\/ol><p>The audit process covered all items of revenue from the company\u2019s activities, examining registers and documents and verifying with the deposits in the company\u2019s bank accounts.<\/p><ol><li>Payment check<\/li><\/ol><p>The payments were checked through verifying exchange vouchers and support documents, checking their sufficiency and making sure that payments were made in exchange of operations for the company.<\/p><ol><li>Cash and cash equivalent audit<\/li><\/ol><p>We reviewed monthly reports and matched them with the company\u2019s bank accounts to find out that they were fully matched, and bank accounts were matching with the company\u2019s records (after calculating bank reconciliations).<\/p><ol><li>Financial statements\u2019 verification<\/li><\/ol><p>Financial statements were reviewed and compared to monthly audit balances, while account statements were analyzed and compared with bank accounts. Furthermore, registers, exchange and receipt vouchers were examined.<\/p><ol><li>Administrative affairs\u2019 audit<\/li><\/ol><p>Administrative affairs were reviewed, including examining employees\u2019 files, hiring procedures and commitment to internal regulations.<\/p><ol><li>Administrative decisions\u2019 follow up<\/li><\/ol><p>Administrative decisions issued by the Chairman of the Board and Chief Executive Officer during the same period were reviewed, and we found that they were fully implemented by the concerned departments.<\/p><p>Second item related to financial restructuring to reduce costs.<\/p><p><u>Second: Audit result<\/u><\/p><p>After carrying out the audit operations, we found that the company\u2019s financial statements do not include any material errors except for what is mentioned under item number 6. Furthermore, we found that the company\u2019s internal audit was good and effective. We also found that departments have executed decisions and policies related to this period.\u00a0<\/p><\/div>\n\t\t\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-6fc32c4 elementor-widget elementor-widget-spacer\" data-id=\"6fc32c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>ANNUAL REPORTS 2016 31 December 2016 Download PDF 2017 31 December 2017 Download PDF 2018 31 December 2018 Download PDF 2019 31 December 2019 Download PDF 2020 31 December 2020 Download PDF 2021 31 December 2021 Download PDF 2022 31 December 2022 Download PDF Report and proposal of the board of directors From 1 January 2020 to 31 December 2020 Dear shareholders, The Board of Directors prepared during the fiscal year ending on 31\/12\/2020 the financial report as follows: Operational revenue: KD 96,140 (compared to KD 387,864 in 2019), which means a KD 291,724 drop (75.2%). Operational net profit: Total revenue for the fiscal year ending on 31\/12\/2020 reached KD 24,472 (compared to KD 341,519 in 2019), which means a KD 317,047 drop (92.8%). Other expenses reached KD 71,668 in 2020 (compared to KD 46,345 in 2019), which means a KD 25,323 increase (54.6%). Net profit for the fiscal year ending on 31\/12\/2020 reached KD 23,272 (compared to KD 326,357 in 2019), which means a KD 303,085 drop (92.8%). Earnings per share reached 0.38 fils in 2020 (compared to 5.39 fils in 2019), which means a 92.8% drop. Current projects: Due to the instability of real estate prices, and based on our studies for the Kuwaiti real estate market, we noticed a drop in prices. Therefore, there are no current projects until real estate prices in Kuwait stabilize. Future projects: The Board of Directors observes and studies Kuwait\u2019s real estate market to invest in real estate and increase investment revenues. The Board of Directors recommended not paying any bonuses for members of the board for the fiscal year ending on 31\/12\/2020. The Board of Directors recommended not distributing dividends for the fiscal year ending on 31\/12\/2020. The Board of Directors recommended deducting 10% of profits for the voluntary reserve account and 10% from the profits\u2019 account to the legal reserve account. Dealing with related parties There were no dealings with related parties during the fiscal year ending on 31\/12\/2020. REPORT OF THE INTERNAL AUDIT AND RISK MANAGEMENT COMMITTEE From 1 January 2020 to 31 December 2020 In reference to the subject above, and after the end of the fiscal year on 31 December 2020, we are glad to present to you our report for the aforementioned period, which explains the company\u2019s operations and activities that were under audit and point out the main remarks and recommendations. The following is a preview of the report: First: Goals, extent and procedures of the audit operations Revenue audit. Payment check. Cash and cash equivalent audit. Financial statements\u2019 verification. Administrative affairs\u2019 audit. Administrative decisions\u2019 follow up. Second: Audit result First: Goals, extent and procedures of the audit operations Revenue audit The audit process covered all items of revenue from the company\u2019s activities, examining registers and documents and verifying with the deposits in the company\u2019s bank accounts. Payment check The payments were checked through verifying exchange vouchers and support documents, checking their sufficiency and making sure that payments were made in exchange of operations for the company. Cash and cash equivalent audit We reviewed monthly reports and matched them with the company\u2019s bank accounts to find out that they were fully matched, and bank accounts were matching with the company\u2019s records (after calculating bank reconciliations). Financial statements\u2019 verification Financial statements were reviewed and compared to monthly audit balances, while account statements were analyzed and compared with bank accounts. Furthermore, registers, exchange and receipt vouchers were examined. Administrative affairs\u2019 audit Administrative affairs were reviewed, including examining employees\u2019 files, hiring procedures and commitment to internal regulations. Administrative decisions\u2019 follow up Administrative decisions issued by the Chairman of the Board and Chief Executive Officer during the same period were reviewed, and we found that they were fully implemented by the concerned departments. Second item related to financial restructuring to reduce costs. Second: Audit result After carrying out the audit operations, we found that the company\u2019s financial statements do not include any material errors except for what is mentioned under item number 6. Furthermore, we found that the company\u2019s internal audit was good and effective. We also found that departments have executed decisions and policies related to this period.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-8793","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/dalqanrealestate.com\/en\/wp-json\/wp\/v2\/pages\/8793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dalqanrealestate.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/dalqanrealestate.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/dalqanrealestate.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dalqanrealestate.com\/en\/wp-json\/wp\/v2\/comments?post=8793"}],"version-history":[{"count":40,"href":"https:\/\/dalqanrealestate.com\/en\/wp-json\/wp\/v2\/pages\/8793\/revisions"}],"predecessor-version":[{"id":9204,"href":"https:\/\/dalqanrealestate.com\/en\/wp-json\/wp\/v2\/pages\/8793\/revisions\/9204"}],"wp:attachment":[{"href":"https:\/\/dalqanrealestate.com\/en\/wp-json\/wp\/v2\/media?parent=8793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}