{"id":71560,"date":"2022-08-14T00:00:00","date_gmt":"2022-08-14T00:00:00","guid":{"rendered":"http:\/\/kuwaitnewsgazette.com\/?guid=d2e594d748344e6ad66b741a7f0c37af"},"modified":"2022-08-14T00:00:00","modified_gmt":"2022-08-14T00:00:00","slug":"national-real-estate-co-secures-net-profits-of-kd-5-4-mln-in-h1-22","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/national-real-estate-co-secures-net-profits-of-kd-5-4-mln-in-h1-22\/","title":{"rendered":"National Real Estate Co. secures net profits of KD 5.4 mln. in H1-’22"},"content":{"rendered":"
— Kuwait’s National Real Estate Company (NREC) said its net profits topped KD 5.4 million (nearly USD 17.57 million) in the first half of the year (H1-2022) ending on June 30, with per share dividends amounting to three fils.<\/p>\n
The operating revenues in this period went up by 18 percent to KD 14.2 million (some USD 46.2 million) compared with the corresponding period of last year, it said in a press release on Sunday.<\/p>\n
The total value of the company’s assets hit KD 526 million, according to the statement.<\/p>\n
Hailing the financial results, NREC Vice Chairman and CEO Faisal Jamil Sultan Al-Essa attributed the increase of operating revenues to the robust performance of the company’s Grand Heights project in Egypt.<\/p>\n
NREC has recently inked deals on banking facilities with two local banks totaling KD 116 million, Al-Essa added<\/p>\n<\/p>\n
Source: Kuwait News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
— Kuwait’s National Real Estate Company (NREC) said its net profits topped KD 5.4 million (nearly USD 17.57 million) in the first half of the year (H1-2022) ending on June 30, with per share dividends amounting to three fils.The operating revenues in…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\n