Company Overview
National Real Estate Co KSCP Profile
National Real Estate Company K.P.S.C. (N.R.E.C.) is a Kuwait-based public shareholding company that manages the real estate sector. The Company is primarily involved in developing, trading, leasing, and managing various real estate properties, such as commercial, residential, and industrial. N.R.E.C. is also involved in acquiring, selling, and managing real estate investment portfolios.
History and Development
Established in Kuwait in 1973, N.R.E.C. has a presence in the Middle East and North Africa. The Company has a diversified real estate portfolio, including residential, commercial, and industrial properties. N.R.E.C. has established itself as a leading real estate company in the region due to its emphasis on innovation, quality, and customer satisfaction.
Corporate Structure
N.R.E.C. has a well-defined corporate structure with a Board of Directors, Executive Management, and various departments such as Finance, Legal, and Marketing. The Board of Directors is in charge of setting the Company’s strategic direction, while the Executive Management is in charge of the day-to-day operations of the Company.
Some key points to note about N.R.E.C. are:
- N.R.E.C. is a publically listed real estate and investment company that has been in operation since 1973.
- The Company is based in Kuwait and has a presence in the Middle East and North Africa region.
- N.R.E.C. has a diversified real estate portfolio, which includes residential, commercial, and industrial properties.
- The Company is primarily involved in developing, trading, leasing, and managing various types of real estate properties.
- N.R.E.C. is also involved in acquiring, selling, and managing real estate investment portfolios.
- N.R.E.C. has a well-defined corporate structure that comprises a Board of Directors, Executive Management, and various departments such as Finance, Legal, and Marketing.
Business Operations
National Real Estate Company – K.P.S.C. is a publically registered real estate and investment company with a massive presence in the Middle East and North Africa. The Company is organized, along with its subsidiaries, into three business segments: Real estate and other operations, Investment operations, and International operations.
Real Estate Investment
National Real Estate Company – K.P.S.C. primarily engages in real estate investment operations. The Company invests in various real estate properties, including residential complexes, shopping centers, and other commercial spaces. The Company’s investment portfolio includes both developed and undeveloped properties.
The Company’s investment strategy is to acquire properties expected to generate stable cash flows and long-term capital appreciation. To achieve this, the Company employs a rigorous investment process that involves thorough analysis of market trends, property values, and other key factors.
Trading and Leasing
In addition to real estate investment, National Real Estate Company – K.P.S.C. trades and leases real estate properties. The Company trades in properties expected to appreciate over time. The Company also leases properties to tenants, generating stable cash flows over the long term.
The Company’s trading and leasing activities are supervised by a team of knowledgeable professionals who deeply understand the real estate market. The team is responsible for identifying and executing profitable trading and leasing opportunities.
Project Development
National Real Estate Company – K.P.S.C. is actively involved in developing real estate projects. The Company’s project development activities are focused on residential and commercial properties. Its development projects are managed by a team of experienced professionals who are deeply familiar with the real estate market.
The Company’s development process thoroughly analyzes market trends, property values, and other key factors. The Company’s development projects are designed to meet the needs of its customers while generating long-term value for its shareholders.
- The Company invests in various real estate properties, including residential complexes, office buildings, shopping centers, and other commercial spaces.
- The Company trades in properties expected to appreciate over time.
- The Company also leases properties to tenants, generating stable income over the long term.
- The Company’s development process involves thorough analysis of market trends, property values, and other key factors.
Financial Performance
Revenue Analysis
National Real Estate Company – K.P.S.C. (N.R.E.C.) has shown consistent revenue growth. In the last fiscal year, the Company reported a revenue of KWD 63.9 million, a significant increase from the previous year’s revenue of KWD 49.5 million. The Company’s revenue increase can be attributed to its diversified portfolio of real estate investments and developments in the Middle East and North Africa.
Investment Portfolio
N.R.E.C. has a well-diversified investment portfolio that includes equity and debt securities. The Company’s investment portfolio focuses on real estate investments, particularly commercial, retail, and residential properties. N.R.E.C.’s investment strategy is geared towards generating long-term returns for its shareholders.
- N.R.E.C.’s investment portfolio includes both equity and debt securities.
- The Company focuses on commercial, retail, and residential properties.
- N.R.E.C.’s investment strategy is geared towards generating long-term returns for its shareholders.
Shares and Equity
N.R.E.C.’s shares are listed on the Kuwait Stock Exchange. The Company’s equity structure is well-balanced, combining common and preferred shares. N.R.E.C.’s return on equity (R.O.E.) has been consistently above the industry average, indicating that the Company is generating healthy returns for its shareholders.
- N.R.E.C.’s shares are listed on the Kuwait Stock Exchange.
- The Company has a well-balanced equity structure.
- N.R.E.C.’s R.O.E. has been consistently above the industry average.
Overall, N.R.E.C.’s financial performance has been inspiring, with consistent revenue growth and healthy returns on equity. The Company’s well-diversified investment portfolio and balanced equity structure make it an attractive investment option for investors seeking exposure to the Middle East and North Africa’s real estate market.
Strategic Alliances
National Real Estate Co. K.P.S.C. has formed strategic alliances with various entities to expand its business and investment opportunities. These alliances include subsidiaries, joint ventures, and associates.
Subsidiaries
National Real Estate Co. K.P.S.C. has established subsidiaries to diversify its portfolio and expand its presence in the market. These subsidiaries include:
- H.R.D. International for Human Resources Development Company W.L.L.: A subsidiary that focuses on human resources development and training services.
- Aqaba National Real Estate Projects Company: A subsidiary that specializes in real estate development in Jordan.
Joint Ventures
National Real Estate Co. K.P.S.C. has joined joint ventures with other companies to invest in real estate projects. These joint ventures include:
- Al Ahlia Real Estate Development Company: A joint venture with the Commercial Bank of Kuwait to develop a mixed-use project in Kuwait.
- Kuwait Real Estate Holding Company: A joint venture with Kuwait Finance House to develop a real estate project in Kuwait.
Associates
National Real Estate Co. K.P.S.C. has also established associates to collaborate with other companies in the real estate industry. These associates include:
- Gulf Real Estate Company: An associate that operates in the real estate market in Bahrain and the United Arab Emirates.
- United Real Estate Company: An associate that operates in the real estate market in Kuwait, Oman, and the United Arab Emirates.
National Real Estate Co. K.P.S.C. has strategically formed these alliances to leverage its expertise and resources and expand its real estate industry reach.
Market Presence
National Real Estate Company K.P.S.C. (N.R.E.C.) is a publicly listed real estate and investment company established in Kuwait in 1973. Over the years, N.R.E.C. has expanded its market presence and established a strong foothold in the Middle East and North Africa regions.
Regional Expansion
N.R.E.C. has expanded its operations across the Middle East and North Africa, with a strong presence in Kuwait City, Egypt, and Jordan. In Kuwait City, N.R.E.C. has developed several iconic projects, such as the Grand Avenue, a luxury shopping and entertainment destination, and the Kout Mall, one of the largest shopping malls in Kuwait. N.R.E.C. has also developed several residential and commercial projects in Egypt and Jordan, including the Abdali Mall in Amman, Jordan, and the Sheikh Zayed City in Egypt.
Sector Influence
N.R.E.C. has significantly shaped the real estate department in the Middle East and North Africa regions. The Company has been involved in several landmark projects, including the Dubai Festival City, a mixed-use development in Dubai, U.A.E., and the Nile City Towers, a mixed-use development in Cairo, Egypt. N.R.E.C. has also been actively involved in promoting sustainable development practices in the region. The Company has developed several green buildings, including the Grand Avenue and the Kout Mall in Kuwait City, which are certified by the Leadership in Energy and Environmental Design (LEED) certification system.
Some key points to note about N.R.E.C.’s market presence are:
- N.R.E.C. is a publicly listed real estate and investment company established in Kuwait in 1973.
- N.R.E.C. has expanded its operations across the Middle East and North Africa, with a strong presence in Kuwait City, Egypt, and Jordan.
- N.R.E.C. has developed several iconic projects such as the Grand Avenue, the Kout Mall, the Abdali Mall, and the Sheikh Zayed City.
- N.R.E.C. has significantly shaped the real estate department in the Middle East and North Africa regions.
- N.R.E.C. has been actively involved in promoting sustainable development practices in the region.
Operational Segments
National Real Estate Company – K.P.S.C. operates in two operational segments: Real Estate Construction and Wholesale Segment.
Real Estate Construction
The Real Estate Construction segment is the Company’s primary business segment. It includes developing, trading, leasing, and managing real estate properties and other activities. The Company has a strong presence in the Middle East and North Africa region and has completed several successful projects in the region.
Some key points about the Real Estate Construction segment are:
- The segment is the Company’s primary business segment.
- It includes development, trading, leasing, and management of real estate properties and other activities.
- The Company has a strong presence in the Middle East and North Africa region.
- The Company has completed several successful projects in the region.
Wholesale Segment
The Wholesale Segment consists of sales transactions of the catering activities in the subsidiaries. Some key points about the Wholesale Segment are:
- The Wholesale Segment is a secondary business segment for the Company.
- It consists of sales transactions of the catering activities in the subsidiaries.
- The segment is not as significant as the Real Estate Construction segment for the Company.
National Real Estate Company – K.P.S.C. has a diversified business portfolio, with the Real Estate Construction segment being the primary business segment. The Company has a strong presence in the Middle East and North Africa region and has completed several successful projects there. The Wholesale Segment is a secondary business segment for the Company and is less significant than the Real Estate Construction segment.
Products and Services
National Real Estate Company K.P.S.C. provides its clients various products and services, including residential complexes, commercial markets, and consultancy services. Here is a breakdown of each of these offerings:
Residential Complexes
National Real Estate Company K.P.S.C. strongly focuses on developing high-quality residential complexes that meet the multiple needs of its clients. The Company’s residential complexes are designed to provide residents with a comfortable living experience while offering various amenities and services. Some of the features of National Real Estate Company K.P.S.C.’s residential complexes include:
- Spacious apartments and villas
- Modern and stylish design
- High-quality finishes and fittings
- 24-hour security and maintenance services
- Access to recreational facilities, such as swimming pools, gyms, and parks
Commercial Markets
National Real Estate Company K.P.S.C. also offers its clients a range of commercial markets. These markets are designed to provide businesses with a modern and attractive operating space. Some of the features of National Real Estate Company K.P.S.C.’s commercial markets include:
- Prime locations in key business areas
- Modern and stylish design
- High-quality finishes and fittings
- Access to a range of amenities and services, such as parking, security, and maintenance
Consultancy Services
National Real Estate Company K.P.S.C. also provides consultancy services to clients who require expert advice on real estate matters. The Company has a team of experienced consultants who can provide clients with a range of services, including:
- Property valuations
- Feasibility studies
- Market research
- Investment advice
National Real Estate Company K.P.S.C. prides itself on providing its clients with high-quality products and services that meet their diverse needs. Whether clients seek a comfortable home, a modern office space, or expert advice on real estate matters, National Real Estate Company K.P.S.C. has the expertise and resources to help.
Key Executives and Leadership
National Real Estate Co. K.P.S.C. (N.R.E.C.) is an investment and real estate company headquartered in Kuwait with a massive presence in the Middle East and North Africa (MENA) region. The Company has a diversified portfolio of real estate assets and investments, including residential complexes, office buildings, shopping centers, and more.
The key executives and leadership team of N.R.E.C. drive the Company’s strategic vision and growth. Here are some of the key executives and their roles within the Company:
- Faisal Jamil Sultan Al-Essa – Chairman
- Faisal Al-Essa is the Chairman of N.R.E.C. and has been with the Company since 2000. He has over 20 years of experience in the real estate industry and has been instrumental in driving the growth and expansion of N.R.E.C.
- Samuel Sidiqi – CEO
- Samuel Sidiqi is the C.E.O. of N.R.E.C. and has been with the company since 2018. He has over 20 years of experience in the real estate industry and has held senior leadership positions at several prominent real estate companies.
- Mohammad Abdulaziz Alshaya – Vice Chairman
- Mohammad Alshaya is the Vice Chairman of N.R.E.C. and has been with the Company since 2008. He has over 15 years of experience in the real estate industry and has held senior leadership positions at several prominent real estate companies.
Besides the key executives, N.R.E.C. has a strong and experienced leadership team that includes professionals with diverse backgrounds and expertise in real estate development, finance, and operations. The Company’s leadership team is dedicated to delivering value to its shareholders and stakeholders through strategic investments and development projects that meet the needs of the communities it serves.
Innovative Projects
National Real Estate Company K.P.S.C. has been involved in several innovative Middle East and North Africa projects. These projects have helped the Company establish itself as a real estate and investment leader.
Infrastructure Development
National Real Estate Company K.P.S.C. has been involved in several infrastructure development projects. These projects have helped the Company establish itself as a leader in the infrastructure development sector. Some of the innovative projects that the Company has undertaken in this sector include:
- Developing modern airports and seaports
- Building world-class highways and expressways
- Constructing state-of-the-art railway and metro systems
Build-Operate-Transfer Projects
National Real Estate Company K.P.S.C. has also been involved in several Build-Operate-Transfer (BOT) projects. These projects have helped the Company establish itself as a leader in the B.O.T. sector. Some of the innovative projects that the Company has undertaken in this sector include:
- Developing world-class hospitals and medical centers
- Building modern educational institutions and universities
- Constructing state-of-the-art sports facilities and stadiums
National Real Estate Company K.P.S.C. has successfully completed these innovative projects by leveraging its extensive experience and expertise in the real estate and investment sector. The Company has also established strong partnerships with leading international firms in the infrastructure and B.O.T. sectors.
Overall, National Real Estate Company K.P.S.C. has demonstrated its commitment to innovation and excellence in the real estate and investment sector. The Company’s innovative projects have helped it establish itself as a leader in the Middle East and North Africa region.
Corporate Social Responsibility
National Real Estate Co. K.P.S.C. prioritizes Corporate Social Responsibility (C.S.R.) in all its operations. The Company understands the importance of balancing economic, social, and environmental considerations to promote sustainable development.
Community Engagement
National Real Estate Co. K.P.S.C. is committed to engaging with the communities in which it operates. The Company works closely with local stakeholders to identify and address their needs, concerns, and aspirations. Specifically, National Real Estate Co. K.P.S.C. engages in the following community engagement activities:
- Supports local charities and non-profit organizations through donations and volunteer work.
- Collaborates with local government agencies to promote economic development and create job opportunities.
- Engages with residents to understand their needs and concerns and incorporate their feedback into its operations.
Sustainable Practices
National Real Estate Co. K.P.S.C. recognizes the importance of sustainable practices in promoting long-term environmental and economic stability. The Company seeks to minimize its environmental footprint by adopting the following sustainable practices:
- Incorporating green building design principles into its construction projects.
- Using energy-efficient lighting, heating, and cooling systems to reduce energy consumption.
- Implementing waste reduction and recycling programs to minimize waste and promote resource conservation.
By prioritizing C.S.R. and sustainable practices, National Real Estate Co. K.P.S.C. demonstrates its commitment to creating long-term value for all stakeholders.
Additional Services
National Real Estate Company (K.P.S.C.) offers its clients a range of additional services. These services include civil and electrical works as well as catering activities.
Civil and Electrical Works
National Real Estate Company provides a variety of civil and electrical works to its clients. These services include:
- Design and construction of buildings and infrastructure
- Maintenance and repair of buildings and infrastructure
- Electrical works for buildings and infrastructure
- Plumbing and drainage works for buildings and infrastructure
National Real Estate Company has a team of experienced engineers and technicians capable of delivering high-quality services to its clients. The Company uses modern equipment and technologies to ensure its clients receive the best results.
Catering Activities
National Real Estate Company also provides catering services to its clients. These services include:
- Catering for events and parties
- Catering for schools and universities
- Catering for hospitals and healthcare facilities
- Catering for corporate events and meetings
National Real Estate Company has a team of professional chefs and catering staff dedicated to providing high-quality food and service. The Company uses fresh ingredients and follows strict hygiene and safety standards to ensure its clients receive the best possible experience.
Overall, National Real Estate Company (K.P.S.C.) provides its clients with additional services, including civil and electrical works and catering activities. The Company is committed to delivering high-quality services that meet the needs of its clients.
Investor Information
Stock Performance
National Real Estate Co. K.P.S.C. (N.R.E.C.) is a publicly traded company in Kuwaiti. The Company’s stock symbol is NRE.KW. Over the past year, the stock has shown a stable performance with minor fluctuations. As of March 19, 2024, the stock is trading at KWD 0.200 per share.
Here are some main points to consider for investors interested in N.R.E.C.’s stock performance:
- The stock has a market capitalization of KWD 89.6 million.
- The Company has a dividend yield of 3.5%.
- N.R.E.C.’s stock price has remained relatively stable over the past year, with a low of KWD 0.170 and a high of KWD 0.230.
Bonds and Sales Transactions
N.R.E.C. has previously issued bonds to finance its real estate development projects. The Company has also engaged in sales transactions, including land and properties. Here are some important details to consider:
- In 2022, N.R.E.C. issued a K.W.D. 30 million bond with a coupon rate of 5.5% and a maturity date 2027.
- In 2023, N.R.E.C. sold a 40,000 square meter plot of Kuwait for K.W.D. 20 million.
- The Company’s sales transactions are primarily focused on the Kuwaiti market, with some international deals in the past.
Investors interested in N.R.E.C.’s bonds and sales transactions should consider the following:
- N.R.E.C.’s bond issuance provides an opportunity for fixed-income investors to earn a steady stream of income.
- The Company’s sales transactions can boost its revenue and cash flow.
- N.R.E.C.’s focus on the Kuwaiti market may limit its exposure to international economic risks.
Overall, N.R.E.C.’s stock performance and bond and sales transactions allow investors to invest in the Company’s real estate development projects and earn a return.
Events and Announcements
National Real Estate Co. K.P.S.C. is a well-known real estate and investment company with a presence in the Middle East and North Africa. The Company has been involved in various exhibitions and auctions to showcase its properties and services to potential clients.
Exhibitions and Auctions
- National Real Estate Co. K.P.S.C. participated in the Cityscape Global exhibition in Dubai, showcasing their latest projects and developments.
- In 2022, the Company participated in the Kuwait Real Estate Exhibition, which is considered one of the largest real estate exhibitions in the region.
- National Real Estate Co. K.P.S.C. also participated in the 2023 Gulf Property Show in Bahrain, showcasing their latest projects and services.
The Company has also announced their projects and developments. They have recently announced the launch of a new residential project in Kuwait City, which is expected to be completed by 2026. The project will comprise luxury apartments and retail spaces, expected to attract local and international investors.
National Real Estate Co. K.P.S.C. has also announced the completion of a new commercial project in Riyadh, Saudi Arabia. The project consists of a modern office building with state-of-the-art facilities and amenities. The Company has already secured several tenants for the building, which is expected to generate significant revenue.
Overall, National Real Estate Co. K.P.S.C. has been actively involved in various exhibitions and auctions to showcase their properties and services to potential clients. The Company has also made several announcements regarding its projects and developments, highlighting its commitment to providing high-quality real estate amenities to its clients.
Facilities and Technology
Elevators
National Real Estate Company – K.P.S.C. prioritizes its tenants’ and visitors’ safety and convenience. That’s why the Company ensures that all its buildings have high-quality elevators regularly maintained to provide smooth and safe rides. The elevators are equipped with advanced technology that ensures efficient and reliable service.
- The elevators are equipped with state-of-the-art control systems that ensure smooth operation and reduce the risk of breakdowns.
- The elevators are designed to be energy-efficient, which helps to reduce the building’s overall energy consumption.
- National Real Estate Company – K.P.S.C. ensures that the elevators are regularly serviced and maintained to ensure optimal performance.
- The elevators have safety features such as emergency stop buttons and backup power supplies.
Air Conditioning
National Real Estate Company – K.P.S.C. understands the importance of providing comfortable indoor environments for its tenants and visitors. That’s why the Company ensures that all its buildings have efficient and reliable air conditioning systems regularly maintained to provide optimal performance.
- The air conditioning systems are designed to be energy-efficient, which helps to reduce the building’s overall energy consumption.
- National Real Estate Company – K.P.S.C. ensures that the air conditioning systems are regularly serviced and maintained to ensure optimal performance.
- The air conditioning systems have advanced filtration systems that ensure clean and healthy indoor air quality.
- The air conditioning systems are equipped with temperature control systems that allow tenants to adjust the temperature to their desired level.
National Real Estate Company – K.P.S.C. is committed to providing its tenants and visitors with the best facilities and technology. The Company ensures that all its buildings are equipped with high-quality elevators and air conditioning systems regularly maintained to provide optimal performance.
Human Resources
National Real Estate Co. K.P.S.C. strongly focuses on human resources, recognizing that its employees are its most valuable asset. The Company has implemented various programs and initiatives to attract, retain, and develop top talent.
HRD International
One of the Company’s subsidiaries is H.R.D. International is a human resources development company that provides employee training and development programs. H.R.D. International offers a range of courses and workshops, including leadership development, communication skills, and technical training.
H.R.D. International also provides coaching and mentoring programs to help employees reach their full potential. These programs are designed to support employees in their personal and professional growth, helping them to achieve their career goals.
Human Resources Development
National Real Estate Co. K.P.S.C. is strongly committed to developing its employees. The Company offers a range of development opportunities, including on-the-job training, mentoring, and coaching.
The Company also provides regular performance feedback to employees, helping them identify improvement areas and develop their skills. National Real Estate Co. K.P.S.C. encourages employees to take ownership of their development and provides the resources and support needed to achieve their goals.
Overall, National Real Estate Co. K.P.S.C. recognizes that investing in its employees is critical to its success. The Company’s commitment to human resources development has helped it attract and retain top talent and build a culture of excellence and innovation.
- H.R.D. International provides training and development programs to employees
- H.R.D. International offers a range of courses and workshops, including leadership development, communication skills, and technical training
- H.R.D. International provides coaching and mentoring programs to help employees reach their full potential
- National Real Estate Co. K.P.S.C. offers a range of development opportunities, including on-the-job training, mentoring, and coaching
- The Company provides regular performance feedback to employees
- National Real Estate Co. K.P.S.C. encourages employees to take ownership of their development
Frequently Asked Questions
How can I apply for a job at National Real Estate Company K.P.S.C.?
To apply for a job at National Real Estate Company K.P.S.C., interested candidates can visit the Company’s official website and submit their application online. Alternatively, they can also email their resume and cover letter to the Company’s H.R. department.
What are the current career opportunities available at National Real Estate Company K.P.S.C.?
National Real Estate Company K.P.S.C. offers career opportunities in various fields, such as real estate development, property management, finance, marketing, and more. The Company regularly posts job openings on its official website, and interested candidates can also contact the H.R. department for more information.
Who should I contact for more information about vacancies at National Real Estate Company K.P.S.C.?
For more information about job vacancies at National Real Estate Company K.P.S.C., interested candidates can contact the Company’s H.R. department by phone or email. The contact details are available on the Company’s official website.
What is the process for submitting a job application to National Real Estate Company K.P.S.C.?
The process for submitting a job application to National Real Estate Company K.P.S.C. is simple. Interested candidates can visit the Company’s official website and submit their application online. They can also email their resume and cover letter to the Company’s H.R. department.
Where can I find the latest job listings for National Real Estate Company K.P.S.C.?
The latest job listings for National Real Estate Company K.P.S.C. are available on the Company’s official website. Interested candidates can also sign up for the Company’s job alert service to receive notifications about new job openings.
Are there internship programs available at National Real Estate Company K.P.S.C. for students or recent graduates?
Yes, National Real Estate Company K.P.S.C. offers internship programs for students and recent graduates seeking practical real estate industry experience. Interested candidates can contact the Company’s H.R. department for more information about available internship opportunities.
• Candidates can apply online at the Company’s official website.
• National Real Estate Company K.P.S.C. offers various career opportunities in various fields.
• Interested candidates can contact the Company’s H.R. department for more information about job vacancies.
• The process for submitting a job application is simple.
• Latest job listings are available on the Company’s official website.
• National Real Estate Company K.P.S.C. offers internship programs for students and recent graduates seeking practical real estate industry experience.
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