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National Real Estate Company (K.P.S.C.) (Kuwait)

Main Activities: Other Financial Investment Activities | Lessors of Real Estate
Full name: National Real Estate Company (K.P.S.C.) Profile Updated: September 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

National Real Estate Company (NREC) is a real estate company, focused on development projects for residential complexes, office buildings, shopping centres, etc. It was incorporated in 1973 with the initial capital of 5 million Kuwaiti Dinar and since then the company has successfully expanded its activities to MENA countries that include UAE, Jordan , Iraq, Libya, Lebanon. Currently the company's capital exceed 94.2 million Kuwaiti dinars and its assets equal approximately 562 million Kuwaiti dinars. NREC maintains standards of environmental safety, continuous improvement and efficiency.

Headquarters
Sharq, Al-Shuhada Street, Al-Hamra Tower, 58Th Floor, P.O.Box 22644
Kuwait City; Al-Asimah / Capital Governorate; Postal Code: 13087

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Website: http://www.nrec.com.kw

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1973
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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24.75%
Subsidiaries
Al Takafouh Al Thahabi General Trading Contracting Co. W.L.L.
100%
Kuwait National Real Estate Pvt Ltd (Pakistan)
100%
Kuwait Touristic Enterprises Development (Private Shareholding Co) (Tunisia)
100%
Company Performance
Financial values in the chart are available after National Real Estate Company (K.P.S.C.) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KWD. Absolute financial data is included in the purchased report.
Net sales revenue
-60.68%
Total operating revenue
-1.42%
Operating profit (EBIT)
36.88%
EBITDA
35.54%
Net Profit (Loss) for the Period
N/A
Total assets
-16.66%
Total equity
-22.87%
Operating Profit Margin (ROS)
185.98%
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Debt to Equity Ratio
8.27%

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