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The National Real Estate Company, listed on the Kuwait Stock Exchange, revealed the expected financial impact of the sale of the entire shares of its subsidiary in the Cayman Islands, KNREC Holding International Limited, expecting to achieve a net profit of about KD 2.33 million.
The company said that the expected profit from the deal is estimated at 2.33 million dinars, to be recorded in the income statement when the sale is completed, and will be reflected in a similar increase in shareholders' equity within the balance sheet, according to a supplementary disclosure to the Kuwait Stock Exchange, on Thursday.
The company’s losses decreased during the first half of 2026 by 35.4% to 42.17 million dinars, compared to 65.28 million dinars in the same period of 2025
It is noteworthy that the Board of Directors of "National Real Estate" had agreed to sign an agreement to sell the shares of the subsidiary in the Cayman Islands for 13 million US dollars, equivalent to about 4 million dinars.
According to the latest data, the losses of "National Real Estate" decreased during the first half of 2026 by about 35.4% to 42.17 million dinars, compared to 65.28 million dinars in the same period last year.
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