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Market: Tadawul Symbol: 4220 ISIN: SA000A0KDVM8 Industry: Real Estate Mgmt & Dev`t

 Share Data
30/04/2025
Currency SAR
Previous Close 15.24
Change (%) 0.66
Volume 227,541
Number of Shares (mil) 523.26
Market Cap (mil) 7,974.48

 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)

2022

2023

2024

Income Statement      
Revenue 363,267 1,031,357 425,970
Gross profit (231,596) 431,632 (118,548)
Total expenses (571,916) (366,463) (322,574)
Profit from operations (794,527) 242,738 (360,811)
Balance Sheet      
Total assets 15,190,831 15,149,663 15,090,660
Total liabilities 8,536,054 8,743,415 9,823,749
Total equity 6,654,777 6,406,248 5,266,911
Cash Flow      
Net cash used in operating activities (227,421) (344,757) (238,503)
Net cash (used in) / generated from investing activities 75,557 42,981 (223,904)
Net cash generated from financing activities (6,428) 398,712 535,697
Cash and cash equivalents at end of the year 82,141 179,077 252,367
Key Indicators      
Earnings per share (SR) (1.02) (0.48) (2.17)