National Real Estate Company - K.P.S.C. — Cyborg Score 6/10
Solid
Real Estate Development and Investment
Strategic Profile
NREC has grown into one of the largest real estate companies in the GCC region with assets exceeding $1.8 billion and a multi-country presence across the MENA region. The company operates through two primary segments—real estate operations and investments—leveraging over 50 years of regional development expertise and property management capabilities across commercial and retail properties.
Cyborg Score Rationale
NREC demonstrates solid fundamentals with substantial regional assets, established market position, and recent profitability recovery (888% Q3 2025 growth). However, trailing 12-month revenue of $15.1M appears modest relative to asset base, and negative EPS of -$0.06 indicates ongoing profitability challenges requiring attention.
Top Insights
Strong Q3 2025 performance: Net profit of KD 20.1 million representing 888% year-over-year growth signaling operational turnaround
Extensive geographic footprint across MENA region with subsidiaries in UAE, Egypt, Jordan, Iraq, Lebanon, and Libya enabling portfolio diversification
Asset base of $1.8 billion with capitalization of $300 million provides substantial development and investment capacity for strategic initiatives
Recent stock price momentum (trading at 76.10 KWF with +1.06% gain) reflects market confidence in Q3 recovery trajectory
Named Competitors
Real Estate Development and Property Management — Large-scale regional developer with mixed-use properties and retail
Real Estate Investment and Development — Regional luxury developer with commercial and residential focus
Property Management and Investment — Regional investor with diverse real estate and retail operations
Recent Developments
(November 2025) NREC announces net profit of KD 20.1 million for Q3 2025, marking 888% growth compared to prior year period
(February 2026) Stock price at $0.23 USD with market capitalization of $491 million based on 2.1 billion shares outstanding
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