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

 Share Data
12/12/2018
Currency SAR
Previous Close 8.35
Change (%) 0.97
Volume 1,426,134
Number of Shares (mil) 850.00
Market Cap (mil) 7,097.50

 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)
2015
2016
2017
Income statement      
Revenue 1,022,957 2,267,771 1,437,976
Gross profit 566,773 1,174,164 822,354
Total expenses (248,427) (598,266) (529,691)
Profit from operations 318,347 575,898 292,663
Net income attributable to Company's shareholders 302,717 722,050 250,824
Balance sheet      
Total assets 18,037,660 16,569,489 17,295,641
Total liabilities 9,520,965 8,785,090 9,288,521
Total equity 8,516,695 7,784,399 8,007,120
Cash flow      
Net cash generated from operating activities 7,457 (66,147) (196,292)
Net cash used in investing activities (1,471,550) (1,093,041) (260,012)
Net cash generated from financing activities 1,350,000 437,733 506,718
Cash and cash equivalents at end of the year 1,898,851 1,177,396 1,227,810
Key indicators      
Earnings per share (SR) 0.36 0.85 0.28