Al Naser Gardens Company was established in July of 2006 with an initial capital of KD 1 million which was further increased to KD 20 million by June of 2007. The Company is active in the field of real estate development in the Republic of Syria. As a result of the founder's; objective in establishing KEH, invitations were sent to KEH shareholders to invest in Al Naser Gardens Company. KEH holds 60.9% of the capital.
On June 4, 2007, Al Naser Gardens Holding Company – Kuwait established Al Naser Gardens Syrian Joint Stock Company with a capital of US $ 20 million and owns 97.8% of the capital.
Al Naser Gardens Company made great progresses to develop a housing complex project consist of 289 villas, as well as a social club and large area of gardens on a land of 452,000 m2 in kafrkoq which overlooking Yafour in Damascus. The company began the project but due to current condition in Syrian we didn’t obtain the approval of the Ministry of Defense, and once we got it, all the necessary licenses will be completed, and then will start the redevelopment of the land after the completion of the improvement of Royal Residence project.