17/05/2011 00:00 AST

Kuwait's National Real Estate Company (NREC) said it has no current plans to sell its stake in logistics firm Agility, refuting a newspaper report on Monday. "NREC's investment in Agility is considered one of the most important strategic investments for the firm, and there is no intention to exit it currently," NREC said in a statement on the Kuwaiti bourse website on Monday. A Kuwaiti daily said that NREC, which owns a 22.4 percent stake in Agility according to bourse data, was considering a stake sale and had hired a European bank to study the matter.

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Agencies

NREC posts KD 7.6 mln net profit in first half - Operating revenues

16/08/2016

National Real Estate Company (NREC), a leading regional asset manager and developer with development projects exceeding $1 billion in both Egypt and the UAE, today released its financial results for

Arab Times

NREC Q1 net profit up 9.8 pct to KD 3.6 mln - EBITDA rises 1.9%

16/05/2016

National Real Estate Company (NREC), a leading regional developer with development projects exceeding $1 billion in Egypt and the UAE, announced first quarter net profits of KD 3.6 million, an increa

Arab Times

NREC eyes Islamic bonds

01/06/2011

Kuwait's National Real Estate Co. (NREC) is looking to sell conventional or Islamic bonds to reschedule debt, its chief financial officer said.

NREC, which owns a 22.4 percent stake in Kuw

Reuters

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