National Real Estate Company (NREC) announced earnings results for the year 2016. For the year, operating revenue was KD 33.9 million, up 19.2%. EBITDA was KD 19.9 million, down 10.0%. Net profit to shareholders was KD 16.1 million, up 4.4%. Earnings per share (EPS) were 17.14 fils. The company's 19.2% revenue growth was driven by income generating assets in Kuwait, Jordan and Egypt, where the company is developing a 3.8 million square meter residential community.