Establishment of Al-Asima Real Estate Company with a capital of KD 80 million

– Establishment of Al-Asima Real Estate Company with a capital of KD 80 million, through a 50/50 joint venture between Salhia Real Estate Company and The National Bank of Kuwait and its clients.
– Salhia Real Estate Company sells Al-Asima land to Al-Asima Real Estate Company for KD 115 million.
– Receive plannind consent for Al-Asima Project in July 2006.
– The Board of Directors of Salhia Real Estate Company agree to merge Haddia Holding Company with its affiliates DANA and SAREC.
– Commenced construction of Arraya Tower II.