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    Founded on June 12, 1962, Kuwait Hotels Company was the brainchild of a group of leading companies and government institutions' vision to establish first-class hospitality projects, inside Kuwait and abroad, through a group of affiliated companies, specializing in hospitality, and particularly the business of hotel management. In 1984, Kuwait Hotels Company was listed in the Kuwait Stock Exchange, reflecting the stability of the company's operational and financial status..

    Since its inception, Kuwait Hotels Company has participated in many projects, including the Luxury Hilton International Hotels in Kuwait and Khartoum, the Churchill Hotel in London, and other similar projects locally and internationally.

    In 2003, KIPCO, one of the largest and leading holding companies in the MENA Region, acquired Kuwait Hotels Company for its major shares. Through this acquisition, KIPCO aims to develop the company into a leader in the hospitality business in the region and the arm group in that sector..

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    Mission

    To render superior hospitality services through our business edge and engine of inspiration and creativity. Our inspiration and creativity come to life through our people, the ambassadors of Kuwait Hotels Company. Through them, we can ensure stakeholder satisfaction and achieve growth and profitability for our shareholders while conducting all aspects of our business with highest level of excellence, professionalism, and passion.

    Vision

    To become the premier company in hospitality focused on creativity, innovation, adding local flavour to international standards, and building a distinct style to life for all our customers and associates.

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    Quality

    We provide the superiority and excellence in services, products and delivery

    Expertise

    Our diversified, talented and committed team of experts are our number one asset contributing to our credibility and foundation.

    Result Oriented

    We are orientated towards results. Stakeholders and shareholders returns and best interests are always a priority

    Professional

    We own a high standard of specialized knowledge and corporate ethics in dealing with all our stakeholders and customers

    Passion

    We are driven with an inherent passion to achieve, expand and grow within the region based on long term clear goals

    Services

    We are characterized by our service in hospitality. Generosity and wellbeing are our foundation

    Transparency

    We take pride in our ethical business approach and our commitment to engage all aspects of our work with transparency and trust

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    Fawzi Al Musallam
    Vice Chairman & CEO

    Executive Management

    Fawzi Al Musallam is the Chief Executive Officer of Kuwait Hotels Company. He is also the Vice Chairman of the KHC Board of Directors.

    Prior to joining KHC & SIHM, he spent more than a decade of his career in construction, hotels, business management and investments. He began his tenure as KHC's General Manager in 2004, and was responsible for all the company's planning, development and implementation of operational strategies and policies. He has extensive experience in the hospitality industry which he gained over the past two decades, ten years of which have been at senior management level working on business strategies in Kuwait, Tunisia and Morocco. He has been the recipient of many awards including Fellowship of the Institute of Hospitality (FIH) for excellence in the hospitality field.

    Mr. Al Musallam received his education from Miami Institute – U.S.A, and holds a B.S in Civil Engineering.

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    Salman Swayed
    Senior HR Director

    Executive Management

    Salman Swayed is the Senior HR Director of Kuwait Hotels Company.
    Mr. Swayed received his education from Kuwait University - College of Commerce (Bachelor of P.Sc. & P.A.). By joining Kuwait Hotels Company, he has spent more than 30 years of experience in management, strategic planning and consulting. Mr. Swayed draws on his experience while working at leading companies such as Telecommunications companies, Petroleum companies, United Nations and Kuwait University.
    He began his tenure as KHC Senior HR Director in 2014, and is responsible for Organizational Development, Employee Relations, overseeing the manning and recruitment planning process, participating in developing company strategy in line with its mission and objectives relating to promoting revenue, profitability and growth, and overseeing operations to insure production efficiency and quality.

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    Board Members

    Ahmad Yousef Al Kandari Chairman

    Mr. Ahmad Yousef Al Kandari, Vice Chairman & CEO of United Facilities Management (UFM) has more than 27 years of experience in facility management, real estate, banking and investment industry.  He has been at the helm of UFM, a leading facility management service provider, since 2007, offering integrated services in Kuwait and across the GCC region.
    Prior to UFM, Mr. Al Kandari held key executive positions at United Real Estate (URC) during which he managed signature properties in Kuwait, ranging from high-end malls to state-of-the-art business towers.  In addition to his experience in real estate and facility management, Mr. Al Kandari draws on his expertise in investment and banking acquired while working at leading companies in Kuwait such as Real Estate Bank, Gulf Credit Company and Kuwait Oil Company.
    Mr. Al Kandari is married with four children. He holds a Bachelor degree in Business Administration & Management with Banking and Finance major from Kuwait University.

    Ahmed Al Kandari - 2
    Ahmad Yousef Al Kandari
    Chairman

    Fawzi Al Musallam Chief Executive Officer and Vice Chairman

    Fawzi Al Musallam is the Chief Executive Officer of Kuwait Hotels Company. He is also Vice Chairman in the KHC Board of Directors.

    Prior to joining KHC & SIHM, he spent more than a decade of careers in construction, hotels, business management and investments. He began his tenure as KHC's General Manager in 2004, and was responsible for all the company's planning, development and implementation of strategies and policies. He has extensive experience in the hospitality industry, built over the past two decades, ten years of which have been at senior management level working on business strategies in Kuwait, Tunisia and Morocco. He has been the recipient of many awards including Fellowship of the Institute of Hospitality (FIH) for excellence in the hospitality field.

    Mr. Al Musallam received his education from Miami Institute – U.S.A, and hold a B.S in Civil Engineering.

    Fawzi AlMusallam - S
    Fawzi Al Musallam
    Chief Executive Officer and Vice Chairman

    Ebrahim Al-Mannaei Board Member

    Al-Mannaei holds a BA in Foreign Trade, obtained in 1979 from the Faculty of Commerce and Business Administration at Helwan University - Egypt.

    Mr. Ebrahim Ahmed Al-Mannaei joined the Sharjah Group Company (UAE) in 1979, and was appointed as the general manager of the group from 1996 to 2012 after serving as an investment officer. He has served as a board member of the Construction Materials Industries and Contracting Company SAOG (Sultanate of Oman) from 1981 to 1984, and of the Yemen Kuwait Bank for Trade & Investment (YKB) from 1984 to 1986. He is currently the Vice Chairman and a member of the board of directors for the Sharjah Group Company, a role he has served since 1984. He is also a board member of Kuwait Hotels Company, serving from 2006 to date.

    Ibrahim Al Manaie - S
    Ebrahim Al-Mannaei
    Board Member

    Ahmad Saud Al-Sumait Board Member

    Ahmad Saud Al-Sumait, Chairman & CEO since 1stMay 2007 for United Towers Holding Co. (UTC) in Kuwait, is the owner of three office and residential towers, located in the heart of Kuwait’s financial center. The most recent tower is KIPCO Tower.

    Mr. Al-Sumait is also the Vice Chairman of United Agricultural Production Co. (UAPCO) since April 2003, which is one of the largest agriculture companies in Kuwait.  In addition, he is the Vice Chairman of Kuwait Furniture Manufacturing & Trading Co. (KUFUMA).

    In November 2011, Mr. Al-Sumait was appointed as a member of the Foreign Investment Committee – established by the Prime Minister of Kuwait – and specialized in dealing with all foreign investment coming into Kuwait until June 2013. Simultaneously, from 2010 till 2013, he served as a board member for Burgan Bank. In April 2015, Mr. Al-Sumait was appointed as a board member for the subsidiaries of United Real Estate Co. – Jordan, with one of these companies being Abdali Boulevard.

    Mr. Al-Sumait holds a Bachelor of Commerce in Industrial Management from Kuwait University.  He has experience with Kuwait Projects Company, Holding (KIPCO), where he was an Assistant Manager of Accounts & Finance from 1998 till 2000.  In April 2000, he joined Kamco Investment Co.as the Manager of Accounts & Finance, and later in 2005 he was elevated to the position of Assistant General Manager for Finance & Operations, where he served till 2007.

    Ahmad Saud Al-Sumait
    Ahmad Saud Al-Sumait
    Board Member

    Ahmad Kasem Board Member

    Mr. Ahmad Kasem has over 30 years of experience in the real estate development industry, building an extensive track record of strong leadership and high strategic competencies in driving revenue and profit growth. His areas of expertise lie in strategic planning and high managerial competencies in technical, contractual, procurement, financial, administration, and maintenance operations in both domestic and international venues. His experience additionally comprises of engineering design and master planning from inception, project management and construction management, contract administration, cost estimation and value engineering, airfields design and construction, power plants, substations design and construction, and highway design and construction.
    Mr. Ahmad Kasem previously held several notable positions including Chief Development Officer at Harbor Development & Investment Company in Dubai, UAE, where he was the driving force behind executing the direction of the company as well as its set objectives, goals and mission. He additionally developed a streamlined organizational structure as well as managed the staff, and external parties such as consultants, vendors and contractors to ensure effective and efficient planning and execution.

    Prior to that, Mr. Ahmad held the position of Executive Vice President at Oman International Development & Investment Company, SAOG, in Muscat, Oman, where he was responsible for the development of the company’s different real estate projects including a boutique spa hotel, four and five star hotels, luxury villas, apartments, a beach club, a water park, mixed-use buildings and a high-rise tower. Mr. Kasem also held the position of Chief Development Officer at Cayan Development & Investment, in Dubai, UAE.

    Mr. Kasem holds a Bachelor’s Degree in Civil Engineering from the University of Maryland, U.S.A, and has a Masters in Business Administration from Averett University, Virginia, USA.

    Ahmad Kasem-1
    Ahmad Kasem
    Board Member
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    Kuwait Catering Company (KCC) was established in late 1978 to cope with the needs of rapid economic development and life in Kuwait and to support the catering needs of both the government and the private sector.
    By early 1980, KCC had become the market leader, with a solid customer base including hospitals, schools, military bases, and private and public sectors.
    KCC currently serves in Banquet catering, Inflight catering, variety home delivery restaurants includes Traditional Kuwaiti, Indian, Chinese, Turkish foods. For more details. please visit the website: http://www.kcc-kw.com

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    Safat Catering Services The year 1983 marked the inauguration of Safat Catering Services. Over the years, we have acquired a rich experience in the industrial catering sector. Safat 's production capacity is 40000 meals per day. Safat serves in the area of General Catering services, Customized catering services, Cafeteria services and Office / Corporate catering

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    Cake & Bake is a locally establish retail bakery and confectionery, specializing in cakes, chocolate, and pastries. Cake & Bake offers its products through branches strategically located throughout Kuwait. The company established its brand name and expanded its network of outlets to 7 branches across the country in a short period. Cake & Bake is looking forward more alliances in the region. For more details, please visit the website: https://www.cakenbake.com

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    Safir Hotels & Resorts manages 10 hotels located in 6 countries throughout the Middle East and North Africa region with local insight that comes from over 19 years of experience.
    While Safir Hotels & Resorts believes in providing excellent hospitality services and facilities, what sets us apart is the genuine interest our hotel management takes in our guests.
    SIHM operates in the hospitality industry, and the company's activities include managing, leasing, and developing hotels. SIHM also provides technical assistance and advisory services, in addition to other hospitality related activities.

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    Safir Support Services was inaugurated in 2007, with the main objective of providing administrative and technical support manpower development, and creative solutions. Currently Safir support service is providing the Information Technology services KHC and its subsidiaries.

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    Introduction
    إننا نهدف إلى تفعيل المراقبة الذاتية لمدى التزامنا بمبادئ الحوكمة، وذلك لأن الشفافية والأمانة والمحاسبة تمثل الأعمدة التي تقوم عليها عملية حوكمة الشركة، ولهذا تلتزم شركة الفنادق الكويتية بتلك المبادئ من خلال طريقة إدارتها وضبطها لأعمالها وطريقة إدارة علاقاتها مع المساهمين ومجلس الإدارة والكادر الإداري والزملاء، وإننا لندرك أنه لا يكفي أن نمارس أعمالنا بشكل جيد فقط، بل علينا أن نمارس أعمالنا بطريقة تعزز ثقة المستثمر فينا وتجتذب المزيد من المستثمرين الجدد، الأمر الذي يساعدنا على النمو ودخول المنافسة مع البقاء ضمن مستوى المحاسبة والمسؤولية.
    ولهذا تعمد شركة الفنادق الكويتية إلى غرس مبادئ الحوكمة بشكل كامل ضمن عملية التخطيط الاستراتيجي والضوابط الداخلية وعملية قياس الأداء وعمليات تدقيق الحسابات الداخلية والخارجية وكشف المعلومات.

    هذا ويقوم برنامج حوكمة الشركة الذي تتبناه شركتنا على المبادئ التالية:
    • بناء هيكل متوازن لمجلس الادارة و انتخاب اعضاء من ذوي الخبرة والكفاءة.
    • التاكد من ان التقارير المالية للشركة تتسم بالدقة والنزاهة.
    • وضع نظم سليمة لادارة المخاطر والرقابة الداخلية.
    • تعزيز السلوك المهني والقيم الاخلاقية وتحسين الأداء داخل الشركة.
    • الالتزام بآليات الافصاح والشفافية بالشكل الدقيق وفى الوقت المناسب.
    • احترام حقوق كافة المساهمين دون تمييز وتشجيعهم فى المشاركة والتصويت.
    • اتخاذ المسؤولية الاجتماعية للشركة كالتزام للمساهمة فى تحقيق التنمية للمجتمع بوجة عام وللعاملين لديها بوجه خاص.
    Board Of Directors Chart
    مقدمة:
    يتولى ادارة الشركة مجلس ادارة مكون من 5 اعضاء يتمتعون بالخبرة والمهنية والكفاءة فى مختلف انشطة الشركة ويعتبر مسؤولا امام كافة المساهمين عن تحقيق اهداف الشركة واستراتيجياتها وتطوير اعمالها ومتابعة الادارة التنفيذية للشركة والتاكد من انها تقوم بمهامها باكمل وجه بما يضمن تحقيق معدلات نمو مرتفعة والمساهمة فى تعظيم الارباح عن طريق وضع ادوات واليات تتيح للمجلس ممارسة الرقابة الفعالة على اداء الشركة.
    أدوار ومسؤوليات وصلاحيات مجلس الإدارة:
    • يجب أن يسعى المجلس إلى تحقيق الأهداف الإستراتيجية للشركة عن طريق ضمان قيام الإدارة العليا بأداء واجباتها وأعمالها بهدف تحسين القدرة التنافسية للشركة وتحقيق معدلات نمو مرتفعة وتعظيم الأرباح والمكاسب لصالح المساهمين.
    • يجب تزويد المجلس بكل المعلومات والبيانات الضرورية التي تساعده في اتخاذ القرارات.
    • يجب أن يقوم أعضاء المجلس بتخصيص الوقت الكافي للاضطلاع بواجباتهم ومسؤولياتهم، بما في ذلك التحضير لاجتماعات المجلس والاجتماعات التي تُعقد مع اللجان الدائمة والمؤقتة.
    • يتحمل مجلس إدارة الشركة مسؤولية جميع الصلاحيات اللازمة لإدارة الشركة. وتظل المسؤولية النهائية والمطلقة عن الشركة على عاتق المجلس حتى إذا قام المجلس بتشكيل لجان أو تفويض أطراف أو أفراد أخرى لتولي بعض مهامه
    • يتجنب المجلس إصدار تفويضات عامة أو تفويضات لفترات غير محددة (بالصلاحيات)، ما لم يكن ذلك مطلوباً.
    • يقوم المجلس باعتماد الموازنات السنوية والبيانات المالية المؤقتة والسنوية
    • يقوم المجلس بمراقبة النفقات الرأسمالية الكبيرة للشركة وعملية شراء الأصول والتصرف فيها.
    • على المجلس ضمان مستوى الالتزام بالسياسات والإجراءات التي تنفذها الشركة.
    • على المجلس ضمان سلامة ودقة البيانات والمعلومات التي يجب الإفصاح عنها طبقاً لسياسات وإجراءات الإفصاح والشفافية التي تنفذها الشركة.
    • على المجلس ضمان الإفصاح والإعلان بصفة دورية (مرتين سنوياً على الأقل) عن مدى تقدم أنشطة الشركة وكل المستجدات والتطورات الهامة.
    • يقوم المجلس بإنشاء قنوات تواصل فعالة من شأنها تسهيل مراجعة مختلف أنشطة الشركة والمستجدات والتطورات الهامة باستمرار وبصفة دورية من جانب مساهمي الشركة.
    • يقوم المجلس بإعداد وتطوير نظام لحوكمة الشركات من أجل الشركة، ومراقبة مستوى فاعليته وتعديله حسب الحاجة.


    التشكيل:
    1- السيد / احمد يوسف عبدالله الكندري (ممثل عن شركة تمليك المتحدة للخدمات العقارية) رئيس مجلس الادارة.
    2- السيد / فوزي خليفة حسين المسلم (ممثل عن شركة وينر للدعاية والاعلان) نائب رئيس مجلس الادارة.
    3- السيد / احمد سعود فهد السميط ( ممثل عن شركة الضيافة القابضة) عضو مجلس ادارة.
    4- السيد / أحمد قاسم‎ (ممثل عن شركة المباني المتحدة) عضو مجلس ادارة.
    5- السيد / ابراهيم احمد حسن المناعي مستقل عضو مجلس ادارة .

    Go To Member Page


    Formed Commitees
    Nomination & remuneration Committee
    مقدمة:
    تم تشكيل اللجنة بغرض إعداد واقتراح التوصيات فيما يتعلق بالترشيحات المحتملة لمجلس إدارة شركة العقارات المتحدة ووضع وإعداد السياسات والإجراءات التي تنظم عملية منح المكافآت والعلاوات والمزايا لاعضاء مجلس الادارة والادارة التنفيذية والعاملين بالشركة.
    سلطة وصلاحيات لجنة الترشيحات والمكافات:
    • تتمتع اللجنة بسلطة وصلاحية الاستعانة، إلى الحد الذي تراه ضرورياً أو مناسباً، بشركة أبحاث لتحديد المرشحين من المديرين او اعداد برامج منح المكافات والمزايا لاعضاء مجلس الادارة والادارة التنفيذية والعاملين بالشركة. وعلى الشركة توفير التمويل المناسب، حسبما تحدده اللجنة، لسداد أجر أي شركة أبحاث أو المستشارين الآخرين الذين توظفهم اللجنة.

    • على اللجنة القيام بالآتي، إلى الحد الذي تراه ضرورياً أو مناسباً:

      اعتماد ترشيحات المديرين واعضاء مجلس لادارة التي سيتم عرضها للحصول على موافقة واعتماد تصويت المساهمين في اجتماع الجمعية العمومية وشغل أي مناصب شاغرة في المجلس.

      دراسة أي ترشيحات مقدمة بشكل صحيح من جانب المساهمين فيما يتعلق بالمرشحين من المديرين.

    • مراجعة وتقييم وتقديم توصيات إلى المجلس، حيثما كان ضرورياً، بشأن سياسات وممارسات المكافآت التي تلبي احتياجات شركة الفنادق الكويتية.


    التشكيل:
    السيد / ابراهيم احمد حسن المناعي رئيس
    السيد / احمد سعود فهد السميط عضو‎
    السيد / أحمد قاسم‎ عضو‎
    Audit and Risk Management Committee
    مقدمة:

    o التأكد من فاعلية أنظمة الرقابة الداخلية وإدارة المخاطِر بالشركة.

    o التأكد من استقلالية ومؤهلات وأداء إدارة التدقيق الداخلي وإدارة المخاطِر.

    o التأكد من فاعلية برامج الشركة المطبقة لضمان الإلتزام بالمتطلبات القانونية والتنظيمية وقواعد الأخلاقيات.

    o التأكد من سلامة ونزاهة البيانات المالية.

    o تقييم أداء المدققين الخارجيين والداخليين.

    o إعتماد المبادئ والسياسات والإستراتيجيات والعمليات وأطر عمل الرقابة الخاصة بإدارة المخاطِر.

    o إعتماد أو التوصية بأي تغييرات على نطاق المخاطِر حسبما هو مناسب.

    سلطة وصلاحيات لجنة التدقيق وإدارة المخاطِر:
    • تتمتع لجنة التدقيق وإدارة المخاطِر بسلطة وصلاحية إجراء أو التصريح بإجراء التحقيقات في أي مسائل ضمن نطاق مسؤوليتها. وهي مفوضة للقيام بالآتي:

      o تعيين مُراقبين الحسابات وتحديد مُكافأتهم والإشراف على عملهم.

      o الإعتماد المسبق لخطط إدارة التدقيق ونظم واليات تحديد انواع المخاطِر المختلفة للشركة.

      o الإبقاء على المستشارين أو المحاسبين المستقلين أو غيرهم لتقديم النصح والمشورة إلى اللجنة أو للمساعدة في إجراء أحد التحقيقات.

      o عقد اجتماعات دورية مع المققين الداخليين و المدققين الخارجيين.

      o تعيين او عزل مدير التدقيق الداخلي ومدير إدارة المخاطِر

      o رفع تقارير دورية الى مجلس الإدارة عن مدى كفاية الرقابة الداخلية وإدارة المخاطِر بالشركة.

      o مراقبة ومراجعة معاملات الاطراف ذات العلاقة

      o مساعدة مجلس الإدارة على تحديد وتقييم مستوى المخاطِر المقبول في الشركة والتأكد من عدم تجاوز الشركة لهذا المستوى من المخاطِر بعد إعتماده من قبل مجلس الإدارة.

    • الوصول إلى كل تقارير التدقيق الداخلي والخارجي وسياسات الشركة ومسؤوليات الإدارة فيما يتعلق بإدارة المخاطِر والرقابة الداخلية.

      o إعتماد سياسة إدارة المخاطِر والهيكل التنظيمي للإدارة.



    التشكيل:
    السيد/ إبراهيم أحمد حسن المناعي رئيس
    السيد/ احمد هاشم قاسم عضو
    السيد/ حمد سعود فهد السميط عضو

    Organization chart
    Organization chart
    Code of Conduct and Ethics
    • تؤمن "الشركة" بأن سمعتها بالغة الأهمية في الجهود المبذولة لإيجاد قيمة طويلة الأجل لمساهميها. وتماشياً مع قيمها الأساسية، فإن هذه السياسة تلزم "الشركة" بمزاولة بأعمالها التجارية على نحو يتسم بالأخلاق القويمة والمبادئ القانونية وبطريقة مسؤولة من الناحية المالية والبيئية والاجتماعية، بينما تقدم في الوقت ذاته قيمة مستدامة وأداءً مالياً قوياً. وفي هذا الصدد، يجب الالتزام الصارم بالقوانين المطبقة واللوائح التنظيمية والسياسات والإجراءات.
    • تنطبق هذه السياسة على جميع الزملاء في "الشركة" بما في ذلك فريق الإدارة والموظفين الدائمين والمؤقتين. وهي توضح التزام "الشركة" بمبادئ ومعايير السلوكيات والمسؤوليات الأخلاقية للزملاء أثناء أداء مهام أعمالهم من أجل وضع هذه المبادئ موضع التنفيذ.
    • :تم اعداد هذة اللائحة طبقا لمعايير السلوك المهني وصممت بشكل واضح وقابل للتطبيق من قبل جميع موظفين وهذة اللائحة متمثلة فى:

      - سلوكيات الاعمال: وتنحصر فى تضارب المصالح – الهدايا والرشاوى – سرية المعلومات الداخلية – استخدام ممتلكات وموارد الشركة – سلامة السجلات والبيانات
      - التعامل مع اطراف خارجية: العملاء – الموردين – استقبال الزوار – التعامل مع الاحداث الخارجية بمهنية.
      - علاقات الزملاء وتتمثل فى: التعامل مع تظلمات وشكاوى الزملاء – اقتراحات وملاحظات الزملاء.
      - الالتزام والاجراءات التاديبية.
      - اخلاقيات عمل الموظفين: التوقعات السلوكية – سلامة الزملاء – قواعد الزى – المحافظة على منطقة العمل – الممتلكات الشخصية – استخدام وسائل الاتصالات.
      - سياسة الابلاغ عن المخالفات.
    Social Responsibilities CSR Disclosures
  • News & Events
    • Rebranding and expanding KHC subsidiaries
    • KIPCO Group Executives share words of wisdom with The Proteges
    • LOYAC / BABSON Program at Marina Hotel
    • KIPCO/PROTÉGÉS Award 2017 & G6 Graduation Ceremony
    • KIPCO and KFAS announce partnership for Sharakah Forum 2019
    • Vice Chairman, KHC
    • KHC employees awarded at KIPCO Gala Dinner
    • Announcing KHC's new HR Director
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    KUWAIT CITY: The company is in the process of changing the brand in the hotel sector, changing the business model in the food and beverage sector, and expanding the hotels under its management, Mr. Fawzi Al Musallam, CEO of Kuwait Hotels Company said, explaining that it is negotiating the management of two hotels in Kuwait, and intends to enter new markets.

    Al Musallam said in a statement to Al Rai on the sidelines of the ordinary general assembly of the company, held yesterday, in the presence of 79.6 percent of the shareholders, that work is under way to change the brand of the hotel management sector, referring to negotiations conducted by the company to manage two hotels in two distinguished locations in Kuwait, It plans to expand and renovate the Safir Hotels in Fintas, Cairo, and Dhahab, which is located on the Red Sea.

    He added that the company is also working to create brands with new and distinctive products in the food sector in order to refresh the market, specifically in the Middle East and North Africa. It aims to change the business model so that it can compete more in the food and beverage sector, which is witnessing increasing growth and strong competition, especially in Kuwait.

    Al Musallam pointed out that the company aims to expand outside of Kuwait in the food and beverage sector, and enter new markets such as Saudi Arabia and the United Arab Emirates due to the size of these two large markets, noting that it has started working on all these goals and arrangements since 2016 with a target date set for 2018.

    According to the law, the capital of the company listed on the official market should not be less than 10 million dinars, indicating that «hotels» do not need to increase the capital to 10 million dinars, so for that reason the company is interested in expanding into a parallel market.

    "The regional crises in the region have become a real challenge that has cast a shadow over the business sector, especially in the hotel sector, in addition to the internal challenges related to the increase in the prices of some commodities," Ahmed Yousef al-Kandari, chairman of Hotels, said in his report to the General Assembly. Such as fuel prices, increased services and various administrative fees imposed by the state.

    He pointed out that the company was able to settle the judicial dispute for Safir International Hotel Management Company (subsidiary) for two million dinars, out of 2.7 million dinars with self-financing and about 40 percent of its capital, and to make cash dividends equivalent to 22 percent of the nominal value of the share and 15 percent Bonus shares for previous years, in addition to cash dividends for the year 2016 at a value of 5 percent of nominal value, reflecting the strength of the company's solvency.

    Al-Kandari pointed out that the company succeeded in acquiring new contracts, renewing some major contracts worth 9.6 million dinars in 3 years, and succeeded in adding the Dhahab Hotel in Egypt to the Safir Hotel chain, noting the launch of the new website of Cake N Bake, the first website of its kind, specializing in sweets and pastries.

    The company's financial statements showed that it achieved revenues of 8.83 million dinars in 2016, compared to 8.79 million dinars in 2015, and it continued to follow a prudent policy to take allocations of 400 thousand dinars compared to 170 thousand dinars in the previous year.

    The shareholders approved the agenda items, most notably Board of Directors, Audit, Governance and Financial Statements. They also approved the Board of Directors' recommendation to distribute 5% of the nominal value of the shares, From the main market to the parallel market, and the reappointment of the auditor, for the next fiscal year.

    The general assembly elected the new Board of Directors for the next three years. Tamleek United Real Estate Services, Onear Advertising, Al Dhiyafa Holding, Al Mabani United Company and Ibrahim Ahmad Al Mannai won.

     

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    "The CEO of Kuwait Hotels Company, Mr Fawzi Al Musallam, spoke to The Proteges about the importance of constantly developing their skills and acquiring knowledge in order to stay ahead of the game regardless of the sector they choose to work in. When choosing a career, he encouraged them to pursue their passions so that they can be creative and innovative in what they do."

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    Participation of Mr. Fawzi Al Musallam, CEO of Kuwait Hotels Co., in the social work program KON in cooperation with LOYAC and the American College of Babson. The event was hosted by the Kuwait Hotels Company at the Marina Hotel, and sponsored by the American University in Kuwait.

    KON is a 6-week social entrepreneurship program that is brought to Kuwait in collaboration with Babson College in Boston. Babson College is considered the most prestigious entrepreneurship college in the United States and the #1 institution in the world for entrepreneurship education.

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    Under the patronage of KIPCO Group and in presence of The Minister of Social Affairs and Labor and The Minister for Planning and Development Hind Al-Sabeeh and Al-Zain S. Al-Sabah the Under Secretary of the Ministry of State for Youth Affairs of Kuwait and KIPCO top management Mr. Faisal Al-Ayyar Vice Chairman, Kuwait Projects Company Holding (KIPCO) Hosted the graduation ceremony of the sixth generation of ‘The Protégés’ program’s students and celebrated KIPCO / Protégés Award on Sunday at Yarmouk cultural center.

    “The Protégés has proved its success through its great projects, and we are proud to partner with this program that seeks to help talented young Kuwaitis play a role in the development of Kuwait’s economy,” said Abeer Al-Omar, corporate Social Responsibility Manager at KIPCO, the main sponsor of the sixth generation of Protégés.

    Al-Omar pointed out that investing in people is what KIPCO is keen to do. “KIPCO is always making sure to improve Kuwaiti youth’s talents and develop their skills, as young people are the means to uplift any community.”

    From Left to right; Mentor Mohammed Al-Munaikh, Mentor Rana Al-Khalid, CEO at Kuwait Hotels Company Mr. Fawzi Al-Musallam, Mentor Mishari Al-Mufarreh and Mentor Eman Al-Rasheid

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    During the press event held at KIPCO Tower on March 5th, 2019, Mr. Fawzi Al-Musallam, Kuwait Hotels Company (KHC) Chief Executive Officer explained, “Since KHC has been an important and active member of the community, and as a member of KIPCO group, we believe that hosting such event is the least we can offer to help Kuwait’ s leading NGOs with their efforts and initiatives for the ben- efit of the society.”

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    Mr. Fawzi Khalifa Al Musallam, current Chief Executive Officer of Kuwait Hotels Company, has been elected during the Board of Directors meeting held on 02/06/2014 to serve as the Vice Chairman of the Kuwait Hotels Company.

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    KIPCO - the Kuwait Projects Company - has announced the winners of its annual employee awards. The awards were presented by KIPCO’s Vice Chairman, Mr. Faisal Al Ayyar, and Group Chief Operating Officer, Mr. Samer Khanachet, at the company’s annual Gala Dinner which took place in the Sheikha Salwa Hall at the Marina Hotel, Salmiya.

    Mr. Hamad Al Qahtani Deputy CEO of KHC receiving the awared from Mr. Faisal Al Ayyar

    Mr. Mahadi Faisali GM cake & Bake receiving the award from Mr. Faisal Ayyar

    Roy Joseph Director of Information Technology receiving award from Mr. Faisal Al Ayyar.

    Ahmed Hussein Chief accountant receiving award from Mr. Faisal Al Ayyar

    Latifa Rashedi Contracts Manager receiving the awarded from Mr. Faisal Al Ayyar

    Hossam Yousef Purchase Manager receiving the award from Faisal Al Ayyar

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    Mr. Salman Swayed has been appointed as HR Director of KHC, effective 16th March 2014.

    Mr. Swayed bring to KHC's executive team the more than 30 years of experience in management, strategic planning and consulting that he gained while working at leading companies such as Telecommunications companies, Petroleum companies, United Nations and Kuwait University.

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