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Emaar The Economic City
Companies with accumulated losses of 35% to less than 50% of its capital'
- Main Market
- Real Estate Mgmt & Dev't
Stats Overview
-
Prev. Close 8.29
-
Open 8.34
-
High 8.42
-
Low 8.20
-
No. of Trades 1,437
-
Avg. Trade size* 833
-
Volume Traded 1,197,612
-
Value Traded (SAR) 9,971,718.46
Performance
- *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
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PERFORMANCE
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Announcements
Corporate Actions
- Announcements & Corporate Actions
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Dividends
| Announced Date | Eligibility Date | Distribution Date | Distribution Way | Dividend Amount |
|---|
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Financials
- FINANCIAL INFORMATION
- FINANCIAL STATEMENTS AND REPORTS
- Annually
- Quarterly
| Balance Sheet | 2023-12-31 | |||
|---|---|---|---|---|
| Total Assets |
15,149,663
|
- | - | - |
| Total Liabilities |
8,743,415
|
- | - | - |
| Total Shareholders Equity (After Deducting the Minority Equity) |
6,406,248
|
- | - | - |
| Total Liabilities and Shareholders Equity |
15,149,663
|
- | - | - |
| Statement of Income | 2023-12-31 | |||
| Total Revenue (Sales/Operating) |
1,031,357
|
- | - | - |
| Net Profit (Loss) before Zakat and Tax |
-208,220
|
- | - | - |
| Zakat and Income Tax |
-45,000
|
- | - | - |
| Net Profit (Loss) after Zakat and Tax |
-253,220
|
- | - | - |
| Total Comprehensive Income |
-248,529
|
- | - | - |
| Profit (Loss) per Share |
-0.22
|
- | - | - |
| Cash Flows | 2023-12-31 | |||
| Net Cash From Operating Activities |
-344,757
|
- | - | - |
| Net Cash From Investing Activities |
42,981
|
- | - | - |
| Net Cash From Financing Activities |
398,712
|
- | - | - |
| Cash and Cash Equivalents, Beginning of the Period |
82,141
|
- | - | - |
| Cash and Cash Equivalents, End of the Period |
179,077
|
- | - | - |
| All Figures in | Thousands | |||
| All Currency In | SAR | |||
| Last Update Date | 2024-04-01 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
| Balance Sheet | 2024-06-30 | 2024-03-31 | 2023-09-30 | |
|---|---|---|---|---|
| Total Assets |
15,152,647
|
15,268,699
|
15,586,505
|
|
| Total Liabilities |
9,438,939
|
9,215,004
|
8,972,806
|
|
| Total Shareholders Equity (After Deducting the Minority Equity) |
5,713,708
|
6,053,695
|
6,613,699
|
|
| Total Liabilities and Shareholders Equity |
15,152,647
|
15,268,699
|
15,586,505
|
|
| Statement of Income | 2024-06-30 | 2024-03-31 | 2023-09-30 | |
| Total Revenue (Sales/Operating) |
75,926
|
74,517
|
340,970
|
|
| Net Profit (Loss) before Zakat and Tax |
-332,269
|
-275,618
|
38,422
|
|
| Zakat and Income Tax |
-10,000
|
-76,032
|
-11,250
|
|
| Net Profit (Loss) after Zakat and Tax |
-342,269
|
-351,650
|
27,172
|
|
| Total Comprehensive Income |
-339,987
|
-352,553
|
24,649
|
|
| Profit (Loss) per Share |
-0.3
|
-0.31
|
0.02
|
|
| Cash Flows | 2024-06-30 | 2024-03-31 | 2023-09-30 | |
| Net Cash From Operating Activities |
-195,705
|
-12,756
|
-128,658
|
|
| Net Cash From Investing Activities |
-251,145
|
-258,742
|
18,661
|
|
| Net Cash From Financing Activities |
550,000
|
300,000
|
398,712
|
|
| Cash and Cash Equivalents, Beginning of the Period |
179,077
|
179,077
|
82,141
|
|
| Cash and Cash Equivalents, End of the Period |
282,227
|
207,579
|
370,856
|
|
| All Figures in | Thousands | Thousands | Thousands | |
| All Currency In | SAR | SAR | SAR | |
| Last Update Date | 2024-08-11 | 2024-05-14 | 2023-11-09 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
- Announcements & Corporate Actions
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- Company Profile
- Announcements & Corporate Actions
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- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
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- Company Profile
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
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
Investor Relations
Contact Name:
Governance and Compliance Department
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:
| Name Of Subsidiary | Percentage Of Property | Main Business | Location Of Operation | Country Of Operation |
|---|---|---|---|---|
| Port Development Company Closed Joint Stock | 50.00% | Executing contracts, managing, developing, maintaining, operating, financing, and investing in King Abdullah Port, and providing and implementing all services necessary to manage and operate the port and its necessary facilities. | King Abdullah Economic City | KSA |
| Emaar Knowledge Co. Ltd. | 96.00% | Establishing, managing and operating a community college specialized in awarding bachelor's and master's degrees in business administration in King Abdullah Economic City, college buildings, institutes, centers, student and teacher accommodation, schools and sports fields. | King Abdullah Economic City | KSA |
| Economic City Investment Co. Ltd. | 100.00% | Buying and selling land and real estate and dividing it and selling activities on the map, Management and rental of properties owned or leased (non-residential), Management and rental of property owned or leased (residential), Activities of brokers agents (semantic offices), Real estate management activities for commission | King Abdullah Economic City | KSA |
| Industrial Zones Development Co. Ltd | 2.00% | Renovations of residential and non-residential buildings, Workers' housing, Buying and selling land and real estate and dividing it and selling activities on the map, Construction of prefabricated buildings on site, Management and rental of property owned or leased (non-residential), Management and rental of property owned or leased (residential) | King Abdullah Economic City | KSA |
| Economic City Real Estate Development Co. Ltd. | 2.00% | Purchase and sell land and real estate and divide and sales activities on the map, Operation of exhibition and conference centers and facilities, Men and Women gyms and sports centers, Management and rental of property owned or leased (non-residential), Management and rental of property owned or leased (residential), Restaurants with service. Organizing weddings and special events. | King Abdullah Economic City | KSA |
| Economic City Pioneer Real Estate Management Company Ltd. | 2.00% | Purchase and sell land and real estate and divide and sales activities on the map, Operation of exhibition and conference centers and facilities, Men and Women gyms and sports centers, Management and rental of property owned or leased (non-residential), Management and rental of property owned or leased (residential), Restaurants with service. | King Abdullah Economic City | KSA |
| Economic City Real Estate Operation and Management Co. Ltd. | 2.00% | Hotels, Hotel Apartments, Tourism, Accommodation Facilities Management, Restaurants with service, Inland water transport for the purpose of excursion tourism, Permanent movie theater operation, operating fixed cinemas, Operation of recreational event facilities, Organizing entertainment events, Operation of exhibition and conference centers and facilities, Men's gyms and sport canters, Women's gyms and sport centers. | King Abdullah Economic City | KSA |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.