Kurdistan Development Corporation acquired a 51% stake in KREDCO Real Estate Company from National Real Estate Company - K.P.S.C. (KWSE:NRE) for KWD 4.5 million on December 21, 2021. The deal was made under the authority of the Investment Board in Kurdistan granting the prerequisite approvals to the transaction. Bader El Jeaan of Meysan Partners acted as legal advisor to National Real Estate Company.

Kurdistan Development Corporation completed the acquisition of a 51% stake in KREDCO Real Estate Company from National Real Estate Company - K.P.S.C. (KWSE:NRE) on December 21, 2021.