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NREC Annual General Meeting Results

10 - May - 2018

Dear Shareholders,

Kindly be informed that the National Real Estate Company’s Annual General Assembly Meeting convened on Thursday May 10th, 2018 at 9:00 a.m, with quorum of 64.3%, and all the agenda items were approved, including:

1-  The distribution of 10% bonus shares for the year ending on December 31, 2018 (10 shares for every 100 shares) for the shareholders who  registered on the company’s record on June 4, 2018 and will be distributed on June 7, 2018.

2- Reappointment of the Company’s external auditor Mr. Nayef M. Al Bazie (RSM Albazie &Co.) from the list licensed auditors by the Capital Markets Authority, in compliance with the mandatory period of changing auditors for the financial year ending on 31st of December 2018, and authorizing the Board of Directors to determine their fees.