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Market: Tadawul Symbol: 4220 ISIN: SA000A0KDVM8 Industry: Real Estate Development

 Share Data
17/12/2017
Currency SAR
Previous Close 13.71
Change (%) -1.01
Volume 579,943
Number of Shares (mil) 850.00
Market Cap (mil) 11,653.50

 Company presentation

The master developer of KAEC is Emaar, The Economic City (EEC).

A Tadawul-listed real estate development and management company, EEC’s primary focus has been the planning and developmenat of KAEC. When it offered its first successful public offering in July 2006, EEC made history: More than half of the Saudi population subscribed to it. EEC is headed by Emaar Properties PJSC and a number of high-profile investors from Saudi Arabia.

The sole regulator of KAEC is the Economic Cities Authority (ECA), headquartered in KAEC. With a comprehensive scope and a wide spectrum of incentives for investors and residents alike, ECA offers privileged regulations, including: 100% foreign ownership for individuals and organizations, seaport and bonded zone regulations, and ease of access to permits and licenses related to residing, working, operating businesses, and owning and managing properties.

Key figures (SR'000)
2014
2015
2016
Income statement      
Revenue 1,064,342 1,022,957 1,139,827
Gross profit 727,716 566,773 466,918
Total expenses (301,660) (248,427) (511,648)
Profit from operations 426,056 318,347 (44,730)
Net income attributable to Company's shareholders 379,678 302,717 95,739
Balance sheet      
Total assets 16,206,132 18,037,660 18,851,296
Total liabilities 7,990,739 9,520,965 10,240,523
Total equity 8,215,393 8,516,695 8,610,773
Cash flow      
Net cash generated from operating activities 1,487,218 7,457 302,439
Net cash used in investing activities (2,962,598) (1,471,550) (1,423,894)
Net cash generated from financing activities 716,284 1,350,000 400,000
Cash and cash equivalents at end of the year 2,012,944 1,898,851 1,177,396
Key indicators      
Earnings per share (SR) 0.45 0.36 0.11