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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 7.97
  • Open 8.00
  • High 8.00
  • Low 7.93
  • No. of Trades 829
  • Avg. Trade size* 865
  • Volume Traded 717,228
  • Value Traded (SAR) 5,712,792.48

Performance

EMAAR EC
0.03 ( 0.38% )
View Historical
Compare
Name Price Change %
Emaar The Economic City 8.00 0.38%
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
8.00
% Change
0.38
Volume Traded
1,279

Best Bid

Price 7.99
Volume 3,722

Best Offer

Price 8.00
Volume 13,404

52 WEEK

High
10.10
2023/06/15
Low
6.96
2023/10/12
Change**
-19.52

PERFORMANCE

Start of Year
8.04
Year ago
9.94
3 Years ago
10.32

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Announcements

  • Emaar the Economic City Announces the Appointment of a new Chief Executive Officer for the Company

    4220
    EMAAR EC 0.38 %
    1445/09/24     03/04/2024 08:23:49

  • Emaar The Economic City Announces Rescheduling Term Loan Facility Agreement of up to SAR 1,000 Million Offered by The Public Investment Fund

    4220
    EMAAR EC 0.38 %
    1445/09/22     01/04/2024 16:06:44

  • Emaar The Economic City announces its Annual Financial results for the period ending on 2023-12-31

    4220
    EMAAR EC 0.38 %
    1445/09/21     31/03/2024 16:02:48

  • Emaar The Economic City Announces the Board of Directors’ Approval of the CEO’s Request Not to Renew His Contract.

    4220
    EMAAR EC 0.38 %
    1445/08/17     27/02/2024 08:03:27

  • Emaar The Economic City announces its Interim Financial Results for the Period Ending on 30-09-2023 (Nine Months)

    4220
    EMAAR EC 0.38 %
    1445/04/25     09/11/2023 09:03:33
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Corporate Actions

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    Past Events

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      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount

      CompanyProfilev2Financials

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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 Flow 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 2023-09-30
      Total Assets
      15,586,505
      Total Liabilities
      8,972,806
      Total Shareholders Equity (After Deducting the Minority Equity)
      6,613,699
      Total Liabilities and Shareholders Equity
      15,586,505
      Statement of Income 2023-09-30
      Total Revenue (Sales/Operating)
      340,970
      Net Profit (Loss) before Zakat and Tax
      38,422
      Zakat and Income Tax
      -11,250
      Net Profit (Loss) after Zakat and Tax
      27,172
      Total Comprehensive Income
      24,649
      Profit (Loss) per Share
      0.02
      Cash Flow 2023-09-30
      Net Cash From Operating Activities
      -128,658
      Net Cash From Investing Activities
      18,661
      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
      370,856
      All Figures in Thousands
      All Currency In SAR
      Last Update Date 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.

      Display Previous Periods
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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
      2024-04-17 عارف عبدالله عبدالرحمن الهرمي البستكي Board of Directors 0.0000882% 0.0000882% 0
      2024-04-17 جمال ماجد خلفان بن ثنيه Board of Directors 0.0003624% 0.0003624% 0
      2024-04-17 فهد خالد محمد السعود Board of Directors 0.4280647% 0.4280647% 0
      2024-04-17 منصور عبدالرحمن عبدالله السالم Board of Directors 0.0010588% 0.0010588% 0
      2024-04-17 اسامه عمر سعيد باريان Board of Directors 0.0000088% 0.0000088% 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 8.00
      Market Cap (SAR MN) 9,033
      P/E Ratio -
      Index Name Index Level 1D Return
      Emaar The Economic City %
      Jump To:
      • Announcements & Corporate Actions
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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

        [KPMG]

      • ISIN CODE

        SA000A0KDVM8

      • Number of Employees

        -

      • Chairman

        Fahad Abduljalil AlSaif
        Non - Executive

        Fahad Abduljalil AlSaif
        • BD Session Start
          2023-09-26
          Designation
          Chairman
        • BD Session End
          2026-06-25
          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
          The National Shipping Company of Saudi Arabia (Bahri)
          Start Date
          -
        • Memebrship Character
          Non - Executive
          End Date
          -
        • Memebrship Name
          Regional Voluntary Carbon Market Company
          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
          2023-09-26
          Designation
          Board of Directors
        • BD Session End
          2026-06-25
          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
          -

        Mansour Abdulrahman AlSalem Executive

        Mansour Abdulrahman AlSalem
        • BD Session Start
          2023-09-26
          Designation
          Board of Directors
        • BD Session End
          2026-06-25
          Classification
          Executive
        • Qualification
          Bachelor of Finance - King Fahd university for Petroleum and minerals - 2010 MBA - Business - Pepperdine university 2015
        Companies Membership
        • Memebrship Name
          Wessal Capital Company (Morocco)
          Start Date
          -
        • Memebrship Character
          Non- Executive
          End Date
          -
        • Memebrship Name
          Wessal Tangier Marina (Morocco)
          Start Date
          -
        • Memebrship Character
          Non- Executive
          End Date
          -
        • Memebrship Name
          Wessal Casa Port (Morocco)
          Start Date
          -
        • Memebrship Character
          Non- Executive
          End Date
          -

        Mohammed Nabil Hefni Non - Executive

        Mohammed Nabil Hefni
        • BD Session Start
          2023-09-26
          Designation
          Board of Directors
        • BD Session End
          2026-06-25
          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
          Dallah Health Care
          Start Date
          -
        • Memebrship Character
          Non - Executive
          End Date
          -
        • Memebrship Name
          Defaf Logistics Company
          Start Date
          -
        • Memebrship Character
          Non - Executive
          End Date
          -

        Osama Omar Barayan Independent

        Osama Omar Barayan
        • BD Session Start
          2023-09-26
          Designation
          Board of Directors
        • BD Session End
          2026-06-25
          Classification
          Independent
        • Qualification
          Master of Financial Management - Monash University - Australia 2009 Bachelor of Accounting - King Fahd University of Petroleum and Minerals 2006
        Companies Membership
        • Memebrship Name
          Health Care Alliance
          Start Date
          -
        • Memebrship Character
          Independent
          End Date
          -
        • Memebrship Name
          Arbah Capital
          Start Date
          -
        • Memebrship Character
          Independent
          End Date
          -

        Arif Abdullah Alharmi Albastaki Independent

        Arif Abdullah Alharmi Albastaki
        • BD Session Start
          2023-09-26
          Designation
          Board of Directors
        • BD Session End
          2026-06-25
          Classification
          Independent
        • Qualification
          Master of International Business Administration - University of Wollongong - Dubai 2001 High Diploma - Banking and Finance 1996s of
        Companies Membership
        • Memebrship Name
          Al Salam Bank - Algeria
          Start Date
          -
        • Memebrship Character
          Independent
          End Date
          -
        • Memebrship Name
          Americana Restaurants Internationals PLC
          Start Date
          -
        • Memebrship Character
          Independent
          End Date
          -

        Naif Saleh Ali Alhamdan Non - Executive

        Naif Saleh Ali Alhamdan
        • BD Session Start
          2023-09-26
          Designation
          Board of Directors
        • BD Session End
          2026-06-25
          Classification
          Non - Executive
        • Qualification
          Bachelor Finance - King Fahad University of Petroleum and Minerals - 2005 Master - Business Administration - University of Wales - 2009
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        • 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 Riyadh 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
          -
        • Memebrship Name
          Al Ula Development Company
          Start Date
          -
        • Memebrship Character
          Non-Executive
          End Date
          -
        • Memebrship Name
          Boutique Hospitality Collection Company
          Start Date
          -
        • Memebrship Character
          Non-Executive
          End Date
          -

        Fahad Khalid Mohammed AlSaud Independent

        Fahad Khalid Mohammed AlSaud
        • BD Session Start
          2023-09-26
          Designation
          Board of Directors
        • BD Session End
          2026-06-25
          Classification
          Independent
        • Qualification
          Bachelor Finance Management - King Fahd University of Petroleum and Minerals - 2006 Masters Corporate Finance - University of Reading - 2009
        Companies Membership
        • Memebrship Name
          Alpha Capital Company
          Start Date
          -
        • Memebrship Character
          Executive
          End Date
          -
        • Memebrship Name
          Jabal Alshafa Company
          Start Date
          -
        • Memebrship Character
          Independent
          End Date
          -
        • Memebrship Name
          Jeddah Central Company
          Start Date
          -
        • Memebrship Character
          -
          End Date
          -
        • Memebrship Name
          Saudi Down Town Company
          Start Date
          -
        • Memebrship Character
          Independent
          End Date
          -
        • Memebrship Name
          Elm Company
          Start Date
          -
        • Memebrship Character
          -
          End Date
          -

        Hesham Ahmed Mohamed Heikal Non - Executive

        Hesham Ahmed Mohamed Heikal
        • BD Session Start
          2023-09-26
          Designation
          Board of Directors
        • BD Session End
          2026-06-25
          Classification
          Non - Executive
        • Qualification
          Bachelor - Accounting - Helwan University 1993 MBA - London Business School 2010
        Companies Membership
        • Memebrship Name
          Emaar Tinja
          Start Date
          -
        • Memebrship Character
          -
          End Date
          -
        • Memebrship Name
          Emaar Strategic Investments
          Start Date
          -
        • Memebrship Character
          -
          End Date
          -
        • Memebrship Name
          Rove Hospitality
          Start Date
          -
        • Memebrship Character
          -
          End Date
          -
        • Memebrship Name
          Rove Hotels
          Start Date
          -
        • Memebrship Character
          -
          End Date
          -
        • Memebrship Name
          Marsa Umm Al Quwain
          Start Date
          -
        • Memebrship Character
          -
          End Date
          -
        • Memebrship Name
          Vida Beach Resort Umm Al Quwain
          Start Date
          -
        • Memebrship Character
          -
          End Date
          -

      • Senior Executives

        Cyril Piaia CEO

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

        Mohammed Ibrahim Mohammed Alarifi CFO

      Mohammed Ibrahim Mohammed Alarifi
      • BD Session Start
        2024-01-28
        Designation
        Senior Executives
      • BD Session End
        -
        Classification
        CFO

      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 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
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      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.