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

 Share Data
15/01/2017
Currency SAR
Previous Close 17.15
Change (%) 1.24
Volume 1,878,483
Number of Shares (mil) 850.00
Market Cap (mil) 14,577.50

 Company presentation

King Abdullah Economic City (KAEC) was established in 2006 by a consortium of global real estate majors, including Emaar PJSC, a number of high-profile Saudi investors and government bodies, and the city's master developer - Emaar, The Economic City (EEC).

The vision for KAEC is to develop a world-class, integrated lifestyle city that adds to the socio-economic prosperity and sustainability of Saudi Arabia.

With an authorized share capital of SR 8.5 billion, consisting of 850 million shares of a nominal value of SR 10 each, KAEC offered its initial 30% equity public offering in 2006, on the Saudi Stock. The overwhelming response saw approximately half of Saudi Arabia's population subscribing to the IPO - with 2.8 million applications, the IPO was over-subscribed by 2.82 times, with a total of SR 7.18 billion subscribed.

Key figures (SR'000)
2013
2014
2015
Income statement      
Revenue 833,452 1,064,342 1,022,957
Gross profit 704,666 727,716 566,773
Total expenses (422,765) (301,660) (248,426)
Profit from operations 281,901 426,056 318,347
Net income attributable to Company's shareholders 273,059 379,678 302,717
Balance sheet      
Total assets 14,346,451 16,206,132 18,037,660
Total liabilities 6,509,885 7,990,739 9,520,965
Total equity 7,836,566 8,215,393 8,516,695
Cash flow      
Net cash generated from operating activities 96,680 1,487,218 7,457
Net cash used in investing activities (594,048) (2,962,598) (1,471,550)
Net cash generated from financing activities 27,010 716,284 1,350,000
Cash and cash equivalents at end of the year 2,772,040 2,012,944 1,898,851
Key indicators      
Earnings per share (SR) 0.32 0.45 0.36