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National Real Estate Co KSCP
Dasman Commercl Cmplx, 2nd Flr Blck A,B
Ahmad Al Jaber Street
Phone: +965 22254010p:+965 22254010 SAFAT, 13087  Kuwait Ticker: NRENRE
Business Summary
National Real Estate Co KSCP (NREC) is a Kuwait-based public shareholding company that operates in the real estate sector. The Company is primarily engaged in real estate investment and management operations, as well as undertaking real estate construction and maintenance. The Company is organized, along with its subsidiaries, into three business segments: the Real estate and other operations segment includes development, trading, leasing and management of real estate properties and other activities; the Wholesale segment consists of sales transaction of the catering activities in the subsidiaries, and the Investment operations segment covers investment in associates, equity securities and joint ventures. As of December 31, 2011, the Company’s subsidiaries included, among others, HRD International for Human Resources Development Company WLL and Aqaba National Real Estate Projects Company.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
Yes------

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023Yes----

Industries
SIC Code Description
6512 Operators of nonresidential buildings
6519 Lessors of real property, not elsewhere classified
6531 Real estate agents and managers
1541 General contractors-industrial buildings and warehouses
1542 General contractors-nonresidential buildings, other than industrial
6552 Land subdividers and developers, except cemeteries
6799 Investors, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Chairman of the Board Hassan B.Al-houry 3/28/2017 3/28/2017
Chief Executive Officer, Vice Chairman of the Board Faisal J.Al - Essa 4/16/2019 6/20/2013
Group Chief Financial Officer Ahmed Y.Helmy
5 additional Officers and Directors records available in full report.

Business Names
Business Name
National Real Estate Company K.S.C.
National Real Estate Company KSC
NRE

General Information
Number of Employees: 319 (As of 12/31/2012)
Outstanding Shares: 1,881,080,185 (As of 12/31/2023)
Stock Exchange: KUW
Fax Number: +965 22254038


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Wednesday, April 24, 2024