IFA Hotels and Resorts - Kuwait

COMPANY DESCRIPTION

IFA Hotels and Resorts is a developer of premier integrated and mixed-use hotel and tourism resort projects and luxury leisure services.

Listed on the Kuwait and Johannesburg Stock Exchanges, IFA Hotels and Resorts has a market capitalisation of over USD 1 billion. The main shareholder of IFA Hotels and Resorts is Kuwait-based International Financial Advisors. The company was also listed on the South African JSE (Johannesburg Stock Exchange) in 2006.

IFA Hotels and Resorts' current portfolio consists of 40 projects in total, of which 23 are hotels, with a total of 17,000 keys. Assets under management are valued at approximately USD 10 billion. IFA HR is present in 14 markets across four continents: Kuwait, Dubai, Lebanon, the United Kingdom, Netherlands, Portugal, France, South Africa, Zanzibar, Namibia, Seychelles, Thailand, Caribbean and New York, with plans to link its resorts to new parts of the globe.

Globally, IFA Hotels and Resorts has entered into strategic alliances and joint venture partnerships with leading companies such as Kingdom Hotel Investments (Saudi Arabia), Nakheel (UAE), United Investments (Portugal), Tongat Hulett Development (South Africa), Boschendal Limited (South Africa), Ohlthaver & List (Namibia), Indian Ocean Resorts (Seychelles) and most recently Related (US).