Damac Kuwait will be listed on the Kuwait Stock Exchange (KSE) after the successful private placement of 36 million shares in Damac Kuwaiti Holding Company (KSC) in March 2008. 

This was announced by the Kipco Asset Management Company (Kamco).

The Kuwait Stock Exchange hosted an event to generate increased awareness of Damac Kuwait’s major activities and strong financial status, as the company's shares commenced trading under the name of "Damac KWT".

"We are pleased to have successfully arranged the listing of Damac Kuwait on the Kuwait Stock Exchange. I would like to thank the Damac Group for the confidence and appointing Kamco as their financial and listing advisor,” said CEO, Kamco, Saudoun Ali.
 
"Damac Kuwait has recorded a number of major achievements during 2007 when the company enjoyed significant continued expansion that reflected the strong financial growth enjoyed by Kuwait and other GCC economies during the year,” said general manager, Damac Kuwait, Tayeb Dajani.

Damac Kuwait was established in 2000 with a KD100,000 ($377,358) capital before it was converted to a holding company on November 28, 2004, with its capital increasing to  KD1.5 million. On June 13, 2006, the company has increased its capital again to KD1.8 million and a share value of 100 fills in December 31, 2007.

Damac Kuwait benefited from a number of investments during 2007 which included the successful sale of its entire share in the Executive Heights real estate project in the Technology and Media Free Zone (TECOM) area in Dubai. The company realized KD3 million from the sale.

The company also invests through "Damac Invest", one of Damac Group subsidiaries which aims at benefiting from the increase of investment opportunities in the GCC, Middle East and North Africa. – TradeArabia News Service