Building responsible value — for people, planet, and Kuwait.
NREC upholds the highest ethical standards while operating in an environmentally responsible manner. Integrity, transparency, and accountability guide every investment.
Faisal Jamil Sultan Al-Essa
Vice Chairman & Chief Executive Officer
“At NREC, we embrace diversity, equity, and inclusion as the foundation for an environment that fosters innovation, supports sustainability, and is essential for business to be progressive. Endorsing the WEPs reflects our commitment to promote diverse, equitable, and inclusive workplaces and societies.”
— From the NREC ESG Report 2025
🤝 Social Responsibility
Social responsibility extends beyond mere compliance — it is a strategic pillar that shapes our culture, operations, and stakeholder relationships. We prioritise an inclusive organisational culture where every individual feels valued, respected, and empowered to contribute to collective success. We actively promote diversity, equity, and equal opportunity across all levels of the organisation.
🌿 Environmental Responsibility
We recognise the interconnectedness of all living beings and ecosystems and understand that our actions have far-reaching consequences. We strive to inspire positive change and promote sustainable environmental practices, continuously seeking opportunities to improve resource efficiency, reduce environmental impact, and integrate responsible design principles into our developments.
Three pillars, one strategy.
Aligned with the UN SDGs and Boursa Kuwait ESG disclosure guidance. Our approach closely aligns with NREC's general strategy of contributing to global sustainability priorities while delivering responsible value to stakeholders.
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Diversity, Equity & Inclusion
UN Women · UN Global Compact
Women's Empowerment Principles
NREC is a signatory of the WEPs — established by UN Women and the UN Global Compact, these principles offer guidance on promoting gender equality and women's empowerment in the workplace, marketplace, and community. Our commitment includes equal pay for work of equal value and a zero-tolerance policy towards workplace harassment.
Kuwait Vision 2035 · SDG 5 · SDG 8
KWEEP Member
NREC has joined KWEEP (Kuwait Women's Economic Empowerment Platform) — launched June 2022 to support the growth and advancement of Kuwaiti women in the private sector. KWEEP aligns with UNSDG 5 (Gender Equality) and Pillar No. 5 (Creative Human Capital) of the Kuwait New Vision 2035.
💙 Holistic DEI & Employee Care
NREC is deeply committed to diversity, equity, and inclusion — embedding these principles into its governance framework, workplace culture, and human capital strategy. The Company ensures every employee receives comprehensive support, particularly during critical illness, through flexible work arrangements, individualised plans, and emotional and financial assistance.
Reem Mall — Estidama 2 Pearl
Reem Mall achieved a 2-Pearl Estidama Design & Construction Rating awarded by the Department of Municipalities and Transport in Abu Dhabi — one of the most rigorous green building standards in the region, recognising sustainable design, energy efficiency, and community well-being.
Environment · SDG 1144 EV Charging Stations at Reem Mall
Reem Mall invested in 44 Loop EV charging stations, establishing the largest in-mall EV charging network in the UAE. This reinforces Reem Mall's role as a retail destination aligned with low-carbon mobility and the UAE's decarbonisation roadmap.
Environment · SDG 7 · SDG 13AC Milan Soccer School Kuwait
In partnership with LOYAC, NREC supported the AC Milan Soccer School to promote youth development, healthy lifestyles, teamwork, discipline, and confidence-building — including girls' participation in athletics and equal opportunity in sport.
Social · SDG 3 · SDG 5WEPs & KWEEP Commitment
NREC joined the WEPs community committing to equal pay, zero-tolerance for workplace harassment, and multi-stakeholder collaboration. We are also a member of KWEEP, supporting Kuwaiti women in leadership and private-sector careers.
Social · SDG 5 · SDG 8Community & Stakeholder Partnerships
Across the Group — Malta Community Chest Fund (MIH), Civil Defense Jordan, GIZ/GAIN industrial waste exchange, Just a Drop clean water NGO, Trust Foundation child & youth welfare — we support vulnerable communities and advance sustainable development.
Social · SDG 1 · SDG 10 · SDG 17Reem Mall Farmers' Market Initiative
Reem Mall supports sustainable local food systems through its Farmers' Market initiative, providing a platform for local farms, sustainable producers, and community-oriented food partners — promoting healthier living and food awareness.
Social · SDG 2 · SDG 12All 17 SDGs — our contribution.
NREC's approach closely aligns with the United Nations Sustainable Development Goals. Through our portfolio and subsidiaries across 7 countries, we contribute to all 17 goals.
1
No Poverty
2
Zero Hunger
3
Good Health & Well-Being
4
Quality Education
5
Gender Equality
6
Clean Water & Sanitation
7
Affordable & Clean Energy
8
Decent Work & Growth
9
Industry & Innovation
10
Reduced Inequalities
11
Sustainable Cities
12
Responsible Consumption
13
Climate Action
14
Life Below Water
15
Life on Land
16
Peace, Justice & Institutions
17
Partnerships for the Goals
Source: United Nations · sdgs.un.org
11 CMA Governance Rules — full compliance.
At NREC, we hold the belief that there is nothing more critical than maintaining a reputation for integrity and serving as a responsible fiduciary for our shareholders. We are dedicated to managing our organisation for the betterment of shareholders and prioritise upholding sound corporate governance practices.
Board Committees
4
Independent Directors
Majority
Audit Meetings / yr
6
External Auditor
RSM
Capital Markets Authority Kuwait
11 Corporate Governance Rules
Download
NREC ESG Report 2025.
The full report covers our approach to corporate responsibility, social initiatives, environmental stewardship and governance — aligned with the UN Sustainable Development Goals and available in English and Arabic.
Environmental · Social · Governance
ESG
Report
2025
Available EN + AR