The company will establish a separate subsidiary for each project it invests in and will raise capital from its shareholders. Venture Capital Bank (VC Bank) has a 50 per cent stake in Commercial Venture and leads a consortium of shareholders which includes Kuwaiti companies Commercial Real Estate Company with a 20 per cent stake, Securities Group and Industrial Investments Company, each with 10 per cent, and Kuwait Parks Company and Commercial Complexes Company, each with 5 per cent.

Adwan al-Adwani is chairman, Abul Latif Mohammed Janahi is deputy chairman and other directors include Tawfiq al-Jarrah, Ahmed al-Jawhary and Abdul Aziz Ebrahim al-Moussa.

Commercial Ventures will also invest in Asaf Real Estate Company under formation in Saudi Arabia with a capital of SR 300 million ($80 million). VC Bank holds a majority stake in Asaf, which will invest in social housing projects in the kingdom.