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• National Real Estate Company KPSC reported a first-quarter net loss attributable to shareholders of 53.8 million dinars.
• The company posted total operating revenue of 811,568 dinars during the quarter.
• National Real Estate said the higher loss was mainly due to losses from its share of results during the reporting period.
• The company operates across real estate development, investment, hospitality, and property management businesses.
• The results come amid continued pressure on parts of the Gulf real estate and investment market.
National Real Estate Company KPSC posted a net loss attributable to shareholders of 53.8 million dinars in the first quarter of the year, reflecting a sharp setback in its quarterly performance. Advertisement
The company reported total operating revenue of 811,568 dinars during the quarter, according to a recent disclosure filed with the stock exchange.
National Real Estate stated that the increase in net loss was primarily linked to losses from its share of results during the quarter. The company, however, did not provide further financial details in the filing regarding the underlying assets or investments that contributed to the decline.
The Kuwait-based developer and investment company operates across real estate development, property management, hospitality, and investment activities in regional and international markets. In previous years, the company has maintained exposure to large-scale real estate assets and investment portfolios, making quarterly earnings sensitive to valuation movements and performance of associated businesses.
The latest quarterly results come at a time when several real estate firms across the Gulf region are continuing to face pressure from market volatility, financing costs, and slower investment activity in some segments despite ongoing infrastructure and tourism-led development in the region.
Shares and further investor reaction details were not immediately available following the earnings announcement.
Source Reuters
5th Jun, 2025
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