Faisal Jamil Sultan Al-Essa
Vice Chairman & Group CEO
Group strategy, capital allocation and board oversight across all investee companies.
ChairmanMakhazen · Boursa Kuwait
Vice ChairmanAgility Global · ADX
About NREC · Established 1973
Built on patience. Driven by purpose.
Five decades of disciplined investment, real estate development and asset management across the MENA region.
Company Overview
About NREC
Integrity is one of our core values which is why we prioritize transparency with all our stakeholders. The information shared here will give all readers clear visibility into NREC's projects and its financial performance. In addition to information on its developments, finances and future projects, which you will find on subsequent pages, I will share a few words here about how I see NREC's past and envisioning future.
1973
Founded
0+
Years
0
Strategic Holdings
0
Countries
Mission
Build a legacy of excellence by creating value globally — for shareholders, customers and communities.
Vision
Be the world's most trusted investment and real estate company across MENA.
Our Core Values
01
Quality without compromise
02
Sustainability as a discipline
03
Integrity, always
04
Partnership over transaction
A letter from the CEO
"
Five decades on, our purpose remains unchanged — to build durable enterprises that compound value across generations.
We invest with patience, manage with discipline, and lead with conviction. Every asset on our balance sheet is a long-term promise to our shareholders, partners and the communities we serve.
F.
Faisal Jamil Sultan Al-Essa
Vice Chairman & Chief Executive Officer
2026
Built on Vision
KD 500M portfolio value (≈ USD 1.6B) across 7 countries, with a renewed ESG framework guiding every decision.
Executive & Senior Management
Running the firm. Leading our businesses.
The leaders driving day-to-day execution, growth and operations across our portfolio.
Ahmed Yousri
Group Chief Financial Officer
Group financial operations, treasury, reporting and investor relations.
Ahmed Bader Wahedi
Chief Executive Officer — Kuwait
Kuwait operations, real estate development and local market execution.
Fahad Albader
Chief Investment Officer
Investment portfolio management, deal origination and asset management.
Board positions at investee companies reflect NREC's active ownership approach, not passive shareholding.
Board of Directors
Setting the long view.
Hassan Bassam El Houry
Chairman
Elected
Faisal Jamil Sultan Al Essa
Vice Chairman
Elected
Bader Abdulmohsen El Jeaan
Director
Elected
Christopher Michael Gordon
Director
Elected
Tarek Abdulaziz Sultan Al Essa
Director
Representative of Sultan Center For Food Products Company
Mohammad Hamad Abdulaziz Al Mutawaa
Director
Representative of Agility Investment Holding Limited