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

 Share Data
05/07/2020
Currency SAR
Previous Close 6.97
Change (%) 1.16
Volume 2,468,882
Number of Shares (mil) 850.00
Market Cap (mil) 5,924.50

 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)
2017
2018

2019

Income statement      
Revenue 1,437,976 1,008,234 986,888
Gross profit 816,043 338,407 302,420
Total expenses (522,565) (594,118) (640,024)
Profit from operations 293,478 (255,711) (337,604)
Net income attributable to Company's shareholders 250,824 (137,588) (508,808)
Balance sheet      
Total assets 17,369,677 17,341,699 17,567,790
Total liabilities 9,362,557 9,464,240 10,213,559
Total equity 8,007,120 7,877,459 7,354,231
Cash flow      
Net cash generated from operating activities (442,840) (605,809) (240,575)
Net cash used in investing activities (18,274) (85,772) (391,276)
Net cash generated from financing activities 511,528 66,403 433,612
Cash and cash equivalents at end of the year 1,227,810 602,632 404,393
Key indicators      
Earnings per share (SR) 0.28 (0.16) (0.60)