Download PDF

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

 Share Data
07/12/2021
Currency SAR
Previous Close 11.28
Change (%) 1.08
Volume 4,019,906
Number of Shares (mil) 1,133.33
Market Cap (mil) 12,784.00

 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)
2018

2019

2020

Income statement      
Revenue 1,008,234 946,807 547,287
Gross profit 338,407 301,988 (319,029)
Total expenses (594,118) (640,024) (724,610)
Profit from operations (255,711) (338,036) (1,043,639)
Net income attributable to Company's shareholders (137,588) (508,808) -
Balance sheet      
Total assets 17,113,724 17,333,958 16,316,662
Total liabilities 9,463,658 10,231,703 10,473,389
Total equity 7,650,066 7,102,255 5,843,273
Cash flow      
Net cash generated from operating activities (605,809) 163,007 205,991
Net cash used in investing activities (85,772) (391,276) (244,871)
Net cash generated from financing activities 66,403 447,077 86,962
Cash and cash equivalents at end of the year 602,632 404,393 174,904
Key indicators      
Earnings per share (SR) (0.16) (0.63) (1.47)