Disclosure of Material Information Form


Details
National Real Estate Company KPSC
20/07/2026

Material information form

Disclosure on availability of Material Information related to Subsidiary Companies and Associate Companies of a Listed Company, which has a Significant Effect on its financial position.
Material Disclosure Regarding a Subsidiary
20/07/2026
Kindly be informed that a subsidiary of National Real Estate Company K.S.C.P. (Carina Views Properties Development Limited) has entered into a Memorandum of Understanding for the sale of its two plots of land located on Al Reem Island, Abu Dhabi, United Arab Emirates, having a combined total area of 13,001 square meters, for an aggregate purchase consideration of AED 400,000,000 (approximately KWD 33,432,000). Completion of the transaction is subject to the terms and conditions set out in the Memorandum of Understanding, and the purchase consideration shall be paid in accordance with the payment mechanism specified therein.
The Company is expected to recognize a profit of approximately KWD 8,883,034.77 in its income statement upon completion of the sale. This profit is also expected to be reflected as an increase in shareholders’ equity in the statement on the balance sheet by the same amount.
Document20260720133812.pdf

Significant effect on the financial position shall be mentioned if the material information can measure that effect, excluding the financial effect resulting from tenders or similar contracts.

If a listed company, which is a member of a group, disclosed some material information related to it and has significant effect on other listed companies’ which are members of the same group, the other companies’ disclosure obligations are limited to disclosing the information and the financial effect occurring to that company itself.

The issuer of this disclosure bears full responsibility for the soundness, accuracy, and completeness of the information contained therein. The issuer acknowledges that it has assumed Care of a Prudent Person to avoid any misleading, false, or incomplete information. The Capital Markets Authority and Boursa Kuwait Securities Exchange shall have no liability whatsoever for the contents of this disclosure.This disclaimer applies to any damages incurred by any Person as a result of the publication of this disclosure, permitting its dissemination through their electronic systems or websites, or its use in any other manner.