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Emaar The Economic City

Companies with accumulated losses of 35% to less than 50% of its capital'

4220
EMAAR EC
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  • Main Market
  • Real Estate Mgmt & Dev't

Stats Overview

  • Prev. Close 8.29
  • Open 8.27
  • High 8.28
  • Low 8.15
  • No. of Trades 2,370
  • Avg. Trade size* 688
  • Volume Traded 1,630,892
  • Value Traded (SAR) 13,365,002.25

Performance

EMAAR EC
-0.11 ( -1.33% )
Compare
Index Name Index Level 1D Return
Emaar The Economic City 8.27 -1.33%
Note: Prices are delayed minimum 5 minutes
  • *Average Trade Size = Cumulative / # of Trades
  • **52 Week Price Change =   (Current Price - Price year ago) / Price year ago x 100
  • Historical prices & volume traded data are adjusted to account for all corporate actions.
  • MO: Market Order

Trade Updates

Last Trade

Price
8.18
% Change
-1.33
Volume Traded
3,905

Best Bid

Price 8.17
Volume Traded 11

Best Offer

Price 8.18
Volume Traded 60,081

52 WEEK

High
13.20
2022/02/01
Low
8.00
2022/12/12
Change**
-36.59

PERFORMANCE

Start of Year
8.41
Year ago
12.9
3 Years ago
10.02

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Announcements

  • Correction Announcement from Emaar The Economic City in regards to Resignation and Appointment of a Board Member

    4220
    EMAAR EC -1.33 %
    1444/05/17     11/12/2022 08:26:06
  • Emaar The Economic City Announces Resignation and Appointment of a Board Member

    4220
    EMAAR EC -1.33 %
    1444/05/14     08/12/2022 15:40:58
  • Emaar The Economic City Announces Sale Industrial Plot in the value of 359,036,100 SAR

    4220
    EMAAR EC -1.33 %
    1444/05/05     29/11/2022 08:16:28
  • Emaar The Economic City announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

    4220
    EMAAR EC -1.33 %
    1444/04/14     08/11/2022 09:13:54
  • Emaar The Economic City announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

    4220
    EMAAR EC -1.33 %
    1444/01/27     25/08/2022 15:55:15
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Corporate Actions

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Financials

  • Balance Sheet
  • Statement of Income
  • Cash Flow
  • XBRL
  • Detailed Reports and Statements
  • Annually
  • Quarterly
Balance Sheet 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Current Assets
1,068,496
1,383,433
1,430,408
2,131,915
Inventory
1,416,726
1,460,647
1,844,506
2,014,207
Investments
2,533,043
2,445,822
2,411,927
2,422,565
Fixed Assets
5,364,992
5,609,660
5,930,630
5,517,751
Other Assets
5,188,117
5,417,100
5,950,319
5,255,261
Total Assets
15,571,374
16,316,662
17,567,790
17,341,699
Current Liabilities
5,148,047
4,759,089
3,383,835
2,252,406
Non-Current Liabilities
2,544,056
5,714,300
6,829,724
7,211,834
Other Liabilities - - - -
Shareholders Equity
7,879,271
5,843,273
7,354,231
7,877,459
Total Liabilities and Shareholder Equity
15,571,374
16,316,662
17,567,790
17,341,699
Minority Interests - - - -
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-03-30 2021-03-31 2020-03-26 2019-03-28
Balance Sheet 2022-09-30 2022-06-30 2022-03-31 2021-09-30
Current Assets
934,734
1,040,719
1,150,211
1,236,623
Inventory
1,410,175
1,411,284
1,416,083
1,470,555
Investments
2,576,754
2,554,016
2,547,025
2,516,210
Fixed Assets
5,214,540
5,262,602
5,310,998
5,448,243
Other Assets
4,922,480
4,939,616
4,978,350
5,161,410
Total Assets
15,058,683
15,208,237
15,402,667
15,833,041
Current Liabilities
5,555,622
5,493,923
4,215,827
5,130,603
Non-Current Liabilities
2,231,855
2,242,897
3,467,921
2,561,478
Other Liabilities - - - -
Shareholders Equity
7,271,206
7,471,417
7,718,919
8,140,960
Total Liabilities and Shareholder Equity
15,058,683
15,208,237
15,402,667
15,833,041
Minority Interests - - - -
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-11-08 2022-08-28 2022-05-18 2021-12-06
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Shareholding Information

  • Board Of Directors
  • Foreign Ownership
  • Substantial Shareholders
Time Period
-
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Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
2023-01-31 عارف عبدالله عبدالرحمن الهرمي البستكي Board of Directors 0.0000882 0.0000882 0
2023-01-31 عبدالله ابراهيم سليمان الهويش Board of Directors 0.0000090 0.0000090 0
2023-01-31 اسامه عمر سعيد باريان Board of Directors 0.0000088 0.0000088 0
2023-01-31 جمال ماجد خلفان بن ثنيه Board of Directors 0.0003624 0.0003624 0
  • The listed company (Publisher) shall be responsible for the accuracy of the published information pertaining to the ownership of the Board of Directors, Chief Executive Officer or highest executive position, and the Chief Financial Officer. The listed company shall also be responsible for updating these information thereof. Therefore, the Saudi Stock Exchange (Tadawul) shall not be liable for the information contained therein, nor for any consequences that may result from the said information.
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Emaar The Economic City
Price 8.18
Market Cap (SAR MN) 9,271
P/E Ratio -10.2
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Company Profile

Company overview

Develop property, reclaimed lands & other types of land in the special economic zone or elsewhere for multiple use or other development operations, including infrastructure facilities. Also, to promote, market & sell plots of lands under the companys ownership for development services or 3rd party ownership. In addition, to let plots of lands & undertake other development operations of buildings, residential units, constructions for 3rd partys lands & the development of economic areas & marine ports.

Company History

Emaar the Economic City (Emaar EC) was approved for incorporation by the Ministry of Commerce and Industry vide Ministerial Resolution No. 609 dated May 13, 2006, Emaar EC has a share capital of SR8.5 billion consisting of 850 million shares of nominal value SR10 each. Shares worth SR2.55 billion were offered for public subscription.Emaar EC leads the master-planning and development of King Abdullah Economic City (KAEC), a project being built on a pristine location off the Red Sea in the north of Jeddah. SAGIA (Saudi Arabian General Investment Authority), the body responsible for inward investments into the Kingdom, is the prime facilitator for KAEC.KAEC, a New Age City being built today for tomorrows generation of Saudi citizens, has six components sea port, industrial district, educational zone, central business district with commercial, mixed-use, retail outlets and financial island, resorts and residential area.The mega-project works closely with the Kingdoms on-going drive to expand the economy create employment opportunities for its youthful population .

Company Bylaws

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Equity Profile

  • Authorized Capital (SAR) 11,333,333,340
  • Issued Shares 1,133,333,334
  • Paid Capital (SAR) 11,333,333,340
  • Par Value/Share 10
  • Paid Up Value/Share 10

Last Update :2021-09-30

Investment limits

There are no investment limits on the companys shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on companys bylaw and the issued instructions by the related regulators and supervisory authorities.

 

  • Company Details
  • BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
  • Date Established

    2006/09/26

  • Financial Year End

    31/12

  • Listing Date

    2006/10/07

  • External Auditors

    [PricewaterhouseCoopers (PWC)]

  • ISIN CODE

    SA000A0KDVM8

  • Number of Employees

    -

  • Chairman

    Fahad Abduljalil AlSaif
    Non - Executive

    Fahad Abduljalil AlSaif
    • BD Session Start
      2022-06-16
      Designation
      Chairman
    • BD Session End
      2023-09-25
      Classification
      Non - Executive
    • Qualification
      Bachelor degree Management Information Systems - King Fahd University of Petroleum and Minerals - 1998
    Companies Membership
    • Memebrship Name
      ACWA POWER Company
      Start Date
      -
    • Memebrship Character
      Non - Executive
      End Date
      -
    • Memebrship Name
      Aircraft Leasing Company
      Start Date
      -
    • Memebrship Character
      Non - Executive
      End Date
      -
    • Memebrship Name
      Gulf International Bank
      Start Date
      -
    • Memebrship Character
      Non - Executive
      End Date
      -
    • Memebrship Name
      Saudi Real Estate Refinance Company
      Start Date
      -
    • Memebrship Character
      Non - Executive
      End Date
      -
    • Memebrship Name
      International Islamic Trade Finance Corporation
      Start Date
      -
    • Memebrship Character
      Non - Executive
      End Date
      -
  • Board of Directors

    Jammal Majed Bin Thaniah Deputy Chairman - Non Executive

    Jammal Majed Bin Thaniah
    • BD Session Start
      2020-09-26
      Designation
      Board of Directors
    • BD Session End
      2023-09-25
      Classification
      Deputy Chairman - Non Executive
    • Qualification
      BA in Public Administration - UAE University 1981
    Companies Membership
    • Memebrship Name
      Emaar Properties
      Start Date
      -
    • Memebrship Character
      Non- Executive
      End Date
      -
    • Memebrship Name
      Emaar Development
      Start Date
      -
    • Memebrship Character
      Non- Executive
      End Date
      -

    Abdullah Ibrahim Alhowish Non - Executive

    Abdullah Ibrahim Alhowish
    • BD Session Start
      2020-09-26
      Designation
      Board of Directors
    • BD Session End
      2023-09-25
      Classification
      Non - Executive
    • Qualification
      Bachelor of Economics - King Abdulaziz University 1985
    Companies Membership
    • Memebrship Name
      Aseer Trading, Tourism Company
      Start Date
      2019-10-27
    • Memebrship Character
      Exeutive
      End Date
      2021-10-26
    • Memebrship Name
      Amlak Internationa For Real Estate Finance Company
      Start Date
      2018-06-04
    • Memebrship Character
      (Non-Exeutive ( Chairman
      End Date
      2021-06-03
    • Memebrship Name
      Halwani Bros. Company
      Start Date
      2019-04-03
    • Memebrship Character
      Deputy Chairman - Non Executive
      End Date
      2021-11-06

    Mohammed Nabil Hefni Non - Executive

    Mohammed Nabil Hefni
    • BD Session Start
      2020-09-26
      Designation
      Board of Directors
    • BD Session End
      2023-09-25
      Classification
      Non - Executive
    • Qualification
      Master of Business Administration - King Fahd University of Petroleum and Minerals 2016 Bachelor of Engineering - King Fahd University of Petroleum and Minerals 2002
    Companies Membership
    • Memebrship Name
      Manakha Development Real Estate Company
      Start Date
      -
    • Memebrship Character
      Independent
      End Date
      -
    • Memebrship Name
      Dr. Samir Abbas Hospital Company
      Start Date
      -
    • Memebrship Character
      Non - Executive
      End Date
      -

    Osama Omar Barayan Independent

    Osama Omar Barayan
    • BD Session Start
      2020-09-26
      Designation
      Board of Directors
    • BD Session End
      2023-09-25
      Classification
      Independent
    • Qualification
      Master of Financial Management - Monash University - Australia 2009 Bachelor of Accounting - King Fahd University of Petroleum and Minerals 2006

    Arif Abdullah Alharmi Albastaki Independent

    Arif Abdullah Alharmi Albastaki
    • BD Session Start
      2020-09-26
      Designation
      Board of Directors
    • BD Session End
      2023-09-25
      Classification
      Independent
    • Qualification
      Master of International Business Administration - University of Wollongong - Dubai 2001
    Companies Membership
    • Memebrship Name
      ARAMEX
      Start Date
      -
    • Memebrship Character
      Non - Executive
      End Date
      -
    • Memebrship Name
      Emaar Industries and Investments
      Start Date
      -
    • Memebrship Character
      Chairman of the Board of Directors - non-executive
      End Date
      -

    Naif Saleh Ali Alhamdan Non - Executive

    Naif Saleh Ali Alhamdan
    • BD Session Start
      2022-12-08
      Designation
      Board of Directors
    • BD Session End
      2023-09-25
      Classification
      Non - Executive
    • Qualification
      Bachelor Finance - King Fahad University of Petroleum and Minerals - 2005 Master - Business Administration - University of Wales - 2009
    Companies Membership
    • Memebrship Name
      Al Balad Development Company
      Start Date
      -
    • Memebrship Character
      Non-Executive
      End Date
      -
    • Memebrship Name
      Saudi Downtown Company
      Start Date
      -
    • Memebrship Character
      Non-Executive
      End Date
      -
    • Memebrship Name
      Saudi Real Estate Company
      Start Date
      -
    • Memebrship Character
      Non-Executive
      End Date
      -
    • Memebrship Name
      Central Al Riaydh Development Company
      Start Date
      -
    • Memebrship Character
      Non-Executive
      End Date
      -
    • Memebrship Name
      Rua Al Haram Al Makki Company
      Start Date
      -
    • Memebrship Character
      Non-Executive
      End Date
      -
    • Memebrship Name
      Rua Al Madinah Holding Company
      Start Date
      -
    • Memebrship Character
      Non-Executive
      End Date
      -

    Qusai Abdullah Ali Al Fakhri Independent

    Qusai Abdullah Ali Al Fakhri
    • BD Session Start
      2021-09-26
      Designation
      Board of Directors
    • BD Session End
      2023-09-25
      Classification
      Independent
    • Qualification
      Bachelor Finance - King Fahd University of Petroleum and Minerals - 2000
    Companies Membership
    • Memebrship Name
      Al Ula Development Company
      Start Date
      -
    • Memebrship Character
      Investment committee member
      End Date
      -

    Hani Othman Saeed Baothman Non - Executive

    Hani Othman Saeed Baothman
    • BD Session Start
      2021-02-22
      Designation
      Board of Directors
    • BD Session End
      2023-09-25
      Classification
      Non - Executive
    • Qualification
      Bachelor's degree in Public Administration - UAE University 1981
    Companies Membership
    • Memebrship Name
      sidra Capital
      Start Date
      -
    • Memebrship Character
      MD-executive
      End Date
      -
    • Memebrship Name
      Al Khozama Management Company
      Start Date
      -
    • Memebrship Character
      independent
      End Date
      -
  • Senior Executives

    Cyril Piaia CEO

Cyril Piaia
  • BD Session Start
    2021-09-01
    Designation
    Senior Executives
  • BD Session End
    -
    Classification
    CEO

Investor Relations

Contact Name:

Ahmad Badawi

Company Address:

king Abdullah Economic City 23964-2522 unit 1 : BayLaSun - Juman street

Contact Details:

Telephone: 0125106872
Fax: 0125106903
Email: SHA@kaec.net

Company Website:

www.kaec.net


Name Ob Subsidiary Percentage Of Property Main Business Location Of Operation Country Of Operation
Ports Development Company 50.00% The Company is concerned with execution of contracts for the management, development, maintenance, operation, financing and investment in the port of KAEC and with providing and executing all services necessary for operation of the port and of its essential facilities KAEC KSA
The Economic Cities Investments Holding Company Ltd 99.00% The Company is concerned with participating in incorporation of companies or acquisition of shares in existing ones KAEC KSA
Eemar Knowledge Company Ltd 96.00% Company is dedicated to managing and operating a faculty specialised in grating BA and MA degrees in business administration. It is also dedicated to establishing faculty buildings, institutes, student centres and dorms, centres for teachers, schools, and affiliated sports centres. KAEC KSA
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