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

 Share Data
25/06/2019
Currency SAR
Previous Close 10.06
Change (%) 3.18
Volume 2,515,961
Number of Shares (mil) 850.00
Market Cap (mil) 8,551.00

 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)
2016
2017

2018

Income statement      
Revenue 2,267,771 1,437,976 1,008,234
Gross profit 1,174,164 816,043 338,407
Total expenses (598,266) (522,565) (594,118)
Profit from operations 575,898 293,478 (255,711)
Net income attributable to Company's shareholders 722,050 250,824 (137,588)
Balance sheet      
Total assets 16,569,489 17,369,677 17,341,699
Total liabilities 8,785,090 9,362,557 9,464,240
Total equity 7,784,399 8,007,120 7,877,459
Cash flow      
Net cash generated from operating activities (66,147) (442,840) (605,809)
Net cash used in investing activities (1,093,041) (18,274) (85,772)
Net cash generated from financing activities 437,733 511,528 66,403
Cash and cash equivalents at end of the year 1,177,396 1,227,810 602,632
Key indicators      
Earnings per share (SR) 0.85 0.28 (0.16)