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Market: Tadawul Symbol: 4220 ISIN: SA000A0KDVM8 Industry: Real Estate Mgmt & Dev`t

 Share Data
Currency SAR
Previous Close 7.70
Change (%) 0.39
Volume 1,027,769
Number of Shares (mil) 1,133.33
Market Cap (mil) 8,726.67

 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)




Income statement      
Revenue 547,287 372,079 363,267
Gross profit (319,029) (237,055) (217,503)
Total expenses (724,610) (462,409) (602,510)
Profit from operations (1,043,639) (608,763) (794,527)
Balance sheet      
Total assets 16,316,662 16,376,950 15,205,965
Total liabilities 10,473,389 8,600,143 8,551,188
Total equity 5,843,273 7,776,807 6,654,777
Cash flow      
Net cash generated from operating activities (71,580) 142,909 (227,421)
Net cash used in investing activities (244,871) 118,125 75,557
Net cash generated from financing activities 86,962 (83,707) (6,428)
Cash and cash equivalents at end of the year 174,904 240,433 82,141
Key indicators      
Earnings per share (SR) (1.47) (0.90) (1.02)