Friday 19 April 2024
 
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National Real Estate Company

NREC wins approval to convert Agility loan into equity

National Real Estate Company (NREC) said it has won approval from shareholders to convert the KD31-million ($101.7 million) loan taken from Agility Investment Holding Limited Company into 272.8 million shares in the company's share capital a

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Kuwait NREC plans bonds sale

Kuwait's National Real Estate Company (NREC) is looking to sell conventional or Islamic bonds to reschedule debt, its chief financial officer said. NREC, which owns a 22.4 per cent stake in Kuwaiti logistics firm Agility, is also tryin

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