About NREC
NREC is a company based in Kuwait City (Kuwait) founded in 1973. The company has 12 employees as of April 07, 2024. NREC operates in a competitive market with competitors including Vingroup, Lendlease, Eiffage, Lodha Group and Sunac, among others.
- Headquarter Kuwait City, Kuwait
- Employees 12 as on 07 Apr, 2024
- Stage Public
-
Sectors
Real Estate & Construction
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name National Real Estate Co. S.A.K.
-
Annual Revenue
$6.15 M-54.29as on Dec 31, 2024
-
Net Profit
$9.31 M0as on Dec 31, 2024
-
EBITDA
-$1.38 M72.75as on Dec 31, 2024
-
Latest Funding Round
$4 M (USD), Post-IPO
Feb 08, 2017
- Investors
-
Employee Count
12
as on Apr 07, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of NREC
NREC is a publicly listed company on the KSE with ticker symbol NRE in Kuwait, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of NREC
Investors in NREC
NREC has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Agility Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Sector agnostic VC arm investing in early-stage startups
|
Locked | Locked | Locked |
Investor details for NREC
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by NREC
Investment portfolio details for NREC
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - NREC
Detailed financials for NREC
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Nrec Comparisons
Peer comparison for NREC
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of NREC
NREC operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vingroup, Lendlease, Eiffage, Lodha Group and Sunac, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Real estate development and management services are offered by Vingroup.
|
|
| Locked | Locked | Locked |
Sustainable project development and maintenance services are provided worldwide.
|
|
| Locked | Locked | Locked |
Eiffage is engaged in construction, energy, and infrastructure concessions.
|
|
| Locked | Locked | Locked |
Developer of residential and commercial real estate properties
|
|
| Locked | Locked | Locked |
Residential and commercial real estate development is conducted by Sunac.
|
|
| Locked | Locked | Locked |
Residential and commercial properties are developed and managed across regions.
|
Detailed competitors of NREC
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Nrec
Complete news archive for NREC
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about NREC
NREC was founded in 1973 and raised its 1st funding round 44 years after it was founded.
NREC is headquartered in Kuwait City, Kuwait.
Faisal Jamil Sultan Al Essa is the current CEO of NREC.
As of Apr 07, 2024, the latest employee count at NREC is 12.
National Real Estate Company (NREC) was established in 1973 in Kuwait City, Kuwait. Operations are centered on the real estate sector, with investment, development, and distribution of commercial and residential properties conducted primarily in GCC countries. Notable projects include Souq Sharq Waterfront, Reem Mall, El Joan Resort, and the Erbil Mixed-Use Project. Leadership is provided by Chairman Co-CEO Faisal Jamil Sultan Al Essa and Co-CEO Khaleel Al Abdullah.
NREC's top competitors include Godrej Properties, Vingroup and DLF India.
Yes, NREC is publicly traded on KSE under the ticker symbol NRE.
NREC has 1 investor. Key investors include Agility Ventures.
The ticker symbol of NREC is NRE on KSE.