About NREC
NREC is a publicly listed company based in Kuwait City (Kuwait) founded in 1973. Real estate developer. The company has 12 employees. Its chief executive, as recorded, is Faisal Jamil Sultan Al Essa. Its Indian entity Nr Energy Solutions India Private Limited reported revenue of ₹3.61 Cr. Its focus areas include Real Estate and Construction, Real Estate & Infrastructure Developers and Diversified.
Company details
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.
- Headquarters Kuwait City, Kuwait
- Employees 12
- Stage Public
- SectorsReal Estate & Construction
- Phone•••• ••••
- Website nrec.com.kw/en
- Social LinkedIn X Facebook
- Legal Name National Real Estate Co. S.A.K.
- Indian entity revenue₹3.61 Cr
FY 2025 · -43% YoY
- Indian entity net loss-₹2.41 Cr
FY 2025 · -67% margin
- Indian entity EBITDA-₹2.06 Cr
FY 2025 · -57% margin
- Latest Funding Round$4M (USD), Post-IPO
Feb 2017
- Investors
- Employee Count12
Associated legal entities of NREC
NREC operates through Nr Energy Solutions India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nr Energy Solutions India Private Limited CIN U31908MH2012PTC225811 | Active | 06 Jan 2012 | Panvel, Maharashtra | ₹3.6 Cr | 12 | 2 | View details |
Funding Insights of NREC
- Total Rounds 1
- Last Round Post-IPO — $4M
- First Round $4M
(Feb 2017)
- Investors Count 1
All 1 funding rounds of NREC with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2017 | $4M | Post-IPO | – | – |
1 investors in total: 1 institutional.
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 | agility.com/en/agility-ventures/ | Kuwait City, Kuwait |
Investor details for NREC
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Board of directors of Nr Energy Solutions India Private Limited (NREC)
Nr Energy Solutions India Private Limited is the primary company behind NREC. The board of Nr Energy Solutions India Private Limited currently have 2 directors; the longest-serving is Xiaoning Jiang, appointed in 2012. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Xiaoning Jiang DIN 03622906 | Director | 06 Jan 2012 | 14 yrs 9 mo | Nr Energy Solutions India Private Limited |
| Rajesh Kumar Padmanabhan Nair DIN 03622918 | Director | 06 Jan 2012 | 14 yrs 9 mo | Nr Energy Solutions India Private Limited |
People of NREC
2 people are tracked at NREC (2 in leadership); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
Faisal Jamil Sultan Al Essa | Chairman & Co-CEO | Leadership |
Khaleel Al Abdullah | Co-CEO | Leadership |
Complete people profiles for NREC
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
- IPO date29 Sep 1984
- Listed onBK: NRE
- Listed entityNational Real Estate Co. S.A.K.
- Exchange sectorFinance
- ISINKW0EQ0400634
- Share price132.00 KWF (-5.04% on the day) · 2026-10-14
- Market capitalisation279,258,751.00 KWF
- EPS (diluted, trailing year)-0.02 KWF
- Volume (last session)36,100,988
Financials of NREC
Figures of Nr Energy Solutions India Private Limited, the primary company behind NREC, for FY 2025. Revenue was ₹3.61 Cr (-43% year on year). Net loss was -₹2.41 Cr (-67% margin). EBITDA was -₹2.06 Cr (-57% margin). Revenue has grown at a compounded annual rate of -30% over three years and -36% over five years.
- ₹3.61 CrRevenue · FY 2025 · -43% YoY
- -₹2.41 CrNet loss · -67% margin
- -₹2.06 CrEBITDA · -57% margin
- ₹5.57 CrPaid-up capital
- 12Employees (provident fund records)
- -30%Revenue CAGR, 3 years
- -36%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 3.7M KWD | -72.4M KWD | -4.6M KWD |
| 2024 | 6.2M KWD | 9.3M KWD | -1.4M KWD |
| 2023 | 13.5M KWD | -35.2M KWD | -5.1M KWD |
| 2022 | 27.2M KWD | 17.9M KWD | 3.9M KWD |
| 2021 | 33.2M KWD | 195.3M KWD | -6.0M KWD |
Balance sheet, profit and loss, cash flow and ratios of Nr Energy Solutions India Private Limited are on its company page.
Detailed financial statements for NREC
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Timeline of NREC
3 dated milestones of NREC across 44 years, from founding to its latest funding, stage changes and deals.
- Founded NREC is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $4.0M.
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Related news about Nrec
Complete news archive for NREC
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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 CEO of NREC, as recorded in our data.
NREC has 12 employees.
The primary company behind NREC, Nr Energy Solutions India Private Limited, reported revenue of ₹3.61 Cr for FY 2025, down 43% year on year.
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.
Yes, NREC is publicly traded on KSE under the ticker symbol NRE.
NREC has 1 investor. Key investors include Agility Ventures.
NREC operates through Nr Energy Solutions India Private Limited.
The legal entities of NREC currently have 2 directors, including Xiaoning Jiang, Rajesh Kumar Padmanabhan Nair.