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Developer Mabanee’s profits slide as war hurts Kuwait hotels

By CityCalc Newsroom · Mon Aug 03 2026 · Source: AGBI

Kuwaiti developer Mabanee’s shopping malls held steady occupancy and footfall during the regional conflict, but weaker hotel demand weighed on earnings as travel disruption hit its hospitality business. Second-quarter net profit fell 8 percent year on year to KD15.5 millio…

Kuwaiti developer Mabanee’s shopping malls held steady occupancy and footfall during the regional conflict, but weaker hotel demand weighed on earnings as travel disruption hit its hospitality business. Second-quarter net profit fell 8 percent year on year to KD15.5 millio…

Curated by CityCalc from AGBI. Read the full article at the source.

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