Material information form
Title of the material information * :
Supplementary disclosure regarding the sale of a subsidiary
Material information * :
Results of Board of Directors Meeting of National Real Estate Company KPSC Please be informed that the Board of Directors of National Real Estate Company K.P.S.C. (the “Company”) held its meeting on Wednesday, 14 October 2026, at 1:30 p.m., during which the proposed execution of the Share Sale Agreement relating to the sale of the Company’s Cayman Islands subsidiary shares (KNREC Holding International Limited) was discussed and approved for an aggregate purchase consideration of USD 13,000,000 (approximately KWD 3,998,800). The market will be notified upon the execution of the Share Purchase Agreement and the completion of the sale transaction, together with the expected financial impact on the Company. discuss the sale of the company’s subsidiary in Cayman Islands (KNREC Holding International Limited).
Date of the material information * :
12/11/2026
Items of the agenda * :
| Sr.No | Circumstances Of Board Of Directors Meeting * | Details * |
|---|---|---|
| 1 | transaction, agreement or action with Significant Effect | discuss the sale of the company’s subsidiary in Cayman Islands (KNREC Holding International Limited). |
Further to the disclosure published by National Real Estate Company K.P.S.C. on 15 October 2026, regarding the results of the Board of Directors meeting concerning the approval of the sale of shares in the Cayman Islands subsidiary (KNREC Holding International Limited), the Company would like to announce that pursuant to that board resolution, the Company sold the shares for a consideration of USD 13,000,000 (approximately KWD 3,998,800) which result in profit of approximately 2,331,418 Kuwaiti Dinars as set forth in the financial effect described hereunder. Record a profit of approximately KD 2,331,418 in its income statement upon the sale. This profit will be reflected as an increase in shareholders’ equity in the balance sheet by the same amount.