National Real Estate Company (NREC)
Rank: 29
Country: Kuwait
Vice Chairman and CEO: Faisal Jamil Sultan Al-Essa
Date of establishment: 1973
United Capital Group and Agility Investment Holding Company are major shareholders in NREC, with 24.7% and 20%, respectively. NREC’s El Joan resort in Kuwait covers 26,000 square meters. Reem Mall has been developed by NREC and UPAC at a cost of $1 billion. It will feature 450 units, including 85 restaurants, three department stores, and entertainment and edutainment features, including a snow play park. The company recorded $1.6 billion in total assets as of H1 2021.