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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 7.92
  • Open 7.95
  • High 7.97
  • Low 7.84
  • No. of Trades 1,873
  • Avg. Trade size* 739
  • Volume Traded 1,384,563
  • Value Traded (SAR) 10,932,753.50

Performance

EMAAR EC
-0.02 ( -0.25% )
Compare
Name Price Change %
Emaar The Economic City 7.95 -0.25%
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
7.90
% Change
-0.25
Volume Traded
1

Best Bid

Price 7.88
Volume 2,347

Best Offer

Price 7.90
Volume 5,096

52 WEEK

High
10.66
2022/10/05
Low
7.17
2023/02/27
Change**
-16.14

PERFORMANCE

Start of Year
8.41
Year ago
9.42
3 Years ago
10.04

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Announcements

  • Emaar The Economic City Announces the Results of the Extraordinary General Assembly Meeting, (First Meeting)

    4220
    EMAAR EC -0.25 %
    1445/03/11     26/09/2023 08:29:06
  • Correction announcement from Emaar The Economic City in regards to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

    4220
    EMAAR EC -0.25 %
    1445/02/20     05/09/2023 08:17:52
  • Emaar The Economic City announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

    4220
    EMAAR EC -0.25 %
    1445/02/19     04/09/2023 08:17:46
  • Emaar The Economic City Announces Appointment of a Managing Director

    4220
    EMAAR EC -0.25 %
    1445/01/22     09/08/2023 09:12:41
  • Emaar The Economic City announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

    4220
    EMAAR EC -0.25 %
    1445/01/22     09/08/2023 08:57:33
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Corporate Actions

Upcoming Events

    Past Events

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      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount
      No data available in table

      CompanyProfilev2Financials

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      Financials

      • Balance Sheet
      • Statement of Income
      • Cash Flow
      • XBRL
      • Detailed Reports and Statements
      • Annually
      • Quarterly
      Balance Sheet 2022-12-31 2021-12-31 2020-12-31 2019-12-31
      Current Assets
      672,602
      1,068,496
      1,383,433
      1,430,408
      Inventory
      1,386,737
      1,416,726
      1,460,647
      1,844,506
      Investments
      2,586,740
      2,533,043
      2,445,822
      2,411,927
      Fixed Assets
      5,064,924
      5,364,992
      5,609,660
      5,930,630
      Other Assets
      5,494,962
      5,188,117
      5,417,100
      5,950,319
      Total Assets
      15,205,965
      15,571,374
      16,316,662
      17,567,790
      Current Liabilities
      8,407,615
      5,148,047
      4,759,089
      3,383,835
      Non-Current Liabilities
      143,573
      2,544,056
      5,714,300
      6,829,724
      Other Liabilities - - - -
      Shareholders Equity
      6,654,777
      7,879,271
      5,843,273
      7,354,231
      Total Liabilities and Shareholder Equity
      15,205,965
      15,571,374
      16,316,662
      17,567,790
      Minority Interests - - - -
      All Figures in Thousands Thousands Thousands Thousands
      All Currency In SAR SAR SAR SAR
      Last Update Date 2023-04-03 2022-03-30 2021-03-31 2020-03-26
      Balance Sheet 2023-06-30 2023-03-31 2022-09-30 2022-06-30
      Current Assets
      1,111,714
      859,653
      934,734
      1,040,719
      Inventory
      1,305,373
      1,381,752
      1,410,175
      1,411,284
      Investments
      2,848,145
      2,834,575
      2,576,754
      2,554,016
      Fixed Assets
      4,989,877
      5,020,392
      5,214,540
      5,262,602
      Other Assets
      5,317,425
      5,422,850
      4,922,480
      4,939,616
      Total Assets
      15,572,534
      15,519,222
      15,058,683
      15,208,237
      Current Liabilities
      8,848,373
      8,909,679
      5,555,622
      5,493,923
      Non-Current Liabilities
      135,113
      128,157
      2,231,855
      2,242,897
      Other Liabilities - - - -
      Shareholders Equity
      6,589,048
      6,481,386
      7,271,206
      7,471,417
      Total Liabilities and Shareholder Equity
      15,572,534
      15,519,222
      15,058,683
      15,208,237
      Minority Interests - - - -
      All Figures in Thousands Thousands Thousands Thousands
      All Currency In SAR SAR SAR SAR
      Last Update Date 2023-08-09 2023-05-21 2022-11-08 2022-08-28
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      Shareholding Information

      • Board Of Directors
      • Foreign Ownership
      • Substantial Shareholders
      Time Period
      -
      Search
      Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
      2023-09-26 عارف عبدالله عبدالرحمن الهرمي البستكي Board of Directors 0.0000882 0.0000882 0
      2023-09-26 منصور عبدالرحمن عبدالله السالم Board of Directors 0.0010588 0.0010588 0
      2023-09-26 اسامه عمر سعيد باريان Board of Directors 0.0000088 0.0000088 0
      2023-09-26 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 7.90
      Market Cap (SAR MN) 8,953
      P/E Ratio -10.84
      Index Name Index Level 1D Return
      Emaar The Economic City %
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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

      Click here

      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

        [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 Executive

        Abdullah Ibrahim Alhowish
        • BD Session Start
          2023-07-30
          Designation
          Board of Directors
        • BD Session End
          2023-09-25
          Classification
          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 Non - Executive

        Qusai Abdullah Ali Al Fakhri
        • BD Session Start
          2021-09-26
          Designation
          Board of Directors
        • BD Session End
          2023-09-25
          Classification
          Non - Executive
        • 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:

      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:

      www.kaec.net


      Name Ob 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
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