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08 January 03:14 PM

Sector News

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12 June 2025 07:56 PM Asas Makeen to float shares on Nomu next week
Riyadh – Mubasher: Asas Makeen Real Estate Development and Investment Company is scheduled to commence listing its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Monday, 16 June 2025. Asas Makeen will float 1 million …
Companies Investments
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11 June 2025 01:12 PM Cenomi Centers unveils EGP 100m sale deal
Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) sold a land plot in Al Kharj located on Riyadh-Al Kharj Road, with a total area of 425,390 square meters, for SAR 100 million. The sale deal aligns with the company’s program to sell an …
Companies Investments
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4 June 2025 02:51 PM Tassnief assigns ‘A-‘ national scale entity ratings to Cenomi Centers
Riyadh - Mubasher: SIMAH Rating Agency (Tassnief) has assigned a long-term national scale entity rating of (A-) and a short-term entity rating of ‘T-3’ to Arabian Centres Company (Cenomi Centers). The assigned ratings reflect low credit risk, …
Companies Investments
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2 June 2025 10:54 AM First Avenue secures SAR 320m financing from Alinma Bank
Riyadh – Mubasher: First Avenue Real Estate Development Company renewed and increased its SAR 320 million facility deal with Alinma Bank on 31 May 2025. The loan was secured by promissory notes to the amount of the total facilities limit and a …
Banking and Finance
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20 April 2025 03:32 PM First Avenue rolls out SAR 188m acquisition deal
Riyadh – Mubasher: Al Shate’a Real Estate Fund, in which First Avenue Real Estate Development Company holds a 15% stake, has acquired a commercial plot of land in the Al Shate’a district of Jeddah. Located on Sari Street and spanning nearly 15,000 …
Companies Investments
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9 April 2025 05:45 PM Jabal Omar appoints new CEO
Riyadh – Mubasher: Jabal Omar Development Company announced Abdulrahman Abdulqader Bajunaid’s resignation from his position as CEO, according to a bourse statement. The resignation will be effective from 30 April 2025. Meanwhile, Saleh Habdan …
Management Decisions
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6 April 2025 05:46 PM Emaar The Economic City submits capital hike file to CMA
Riyadh – Mubasher: The board members of Emaar The Economic City (EEC) applied to the Capital Market Authority (CMA) to increase its capital through debt conversion, according to a bourse filing. The transaction will be implemented through …
Mergers and Acquisitions
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27 March 2025 03:55 PM Emaar The Economic City incurs SAR 1.1bn losses in 2024
Riyadh – Mubasher: Emaar The Economic City suffered 348.62% year-on-year (YoY) higher net losses at SAR 1.13 billion at the end of December 2024, compared to SAR 253 million. The group posted 58.68% year-on-year (YoY) lower revenues at SAR 426 …
Financial Results
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24 March 2025 04:48 PM Umm Al Qura makes Tadawul debut amid 85% surge in 2024 revenue
Riyadh – Mubasher: Umm Al Qura for Development and Construction debuted on the Saudi Exchange’s (Tadawul) Main Market at SAR 15 per share in line with the announcement of its financial results for the full-year ended on 31 December 2024. The IPO …
Real estate
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24 March 2025 02:12 PM Umm Al Qura posts 57% leap in net profits during 2024
Riyadh – Mubasher: Umm Al Qura for Development and Construction Company recorded 57.29% year-on-year (YoY) higher net profits at SAR 498.61 million in 2024, compared to SAR 317 million. Revenues hiked by 84.58% to SAR 1.82 billion at the end of …
Real estate
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23 March 2025 01:40 PM Alandalus Property unveils financials results for 2024, dividends for H2
Riyadh – Mubasher: Alandalus Property Company incurred net losses worth SAR 31.60 million in 2024, against net profits amounting to SAR 36.42 million at the end of December 2023. Revenues climbed by 9.63% year-on-year (YoY) to SAR 235.89 million …
Financial Results
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20 March 2025 10:45 AM Dar Al Arkan’s profits near SAR 807m in 2024
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company recorded 32.10% higher net profits at SAR 806.84 million at the end of December 2024, versus SAR 610.76 million in 2023. Revenues hiked by 38.86% to SAR 3.75 billion last year from …
Real estate
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19 March 2025 03:37 PM Taiba Investments records SAR 334m profits in 2024; dividends proposed
Riyadh – Mubasher: Taiba Investments Company logged net profits valued at SAR 333.70 million at the end of December 2024, an annual leap of 205.59% from SAR 109.20 million. Revenues hiked by 43.03% to SAR 1.31 billion last year from SAR 536.40 …
Cash Dividends
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19 March 2025 01:39 PM Al Akaria sees 218% higher profits in 2024
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) registered 218.19% year-on-year (YoY) higher net profits at SAR 215.10 million during 2024, compared to SAR 67.60 million. The revenues reached SAR 1.98 billion last year, up 9.56% from SAR …
Financial Results
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18 March 2025 00:01 PM Knowledge Economic City’s losses plunge 54% in 2024
Riyadh – Mubasher: Knowledge Economic City suffered 54% lower net losses at SAR 20.95 million in 2024, compared to SAR 45.55 million in 2023. Revenues hiked by 137.51% year-on-year (YoY) to SAR 158.80 million at the end of December 2024 from SAR …
Financial Results
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11 March 2025 10:25 AM Cenomi Centers logs SAR 1.2bn profits in 2024; dividends for Q3 announced
Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) generated SAR 1.22 billion in net profit during 2024, lower by 18.44% year-on-year (YoY) than SAR 1.50 billion. Revenues increased by 4.01% YoY to SAR 2.34 billion at the end of December …
Cash Dividends
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6 March 2025 09:26 AM Jabal Omar sees 434% higher net profits in 2024
Riyadh – Mubasher: Jabal Omar Development Company recorded 433.80% year-on-year (YoY) higher net profits at SAR 200.07 million in 2024, compared to SAR 37.48 million. Revenues jumped by 43.31% to SAR 1.90 billion as of 31 December 2024 from SAR …
Financial Results
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6 March 2025 03:00 AM Makkah Construction unveils 23% higher profits in 2024, dividends proposal
Riyadh – Mubasher: Makkah Construction and Development Company registered SAR 411 million in net profit as of 31 December 2024, which marked a 23.05% year-on-year (YoY) growth from SAR 334 million.Revenues hiked by 14.36% to SAR 836 million last year
Sector Reports
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2 March 2025 05:02 PM Retal’s sales hit SAR 2bn in 2024; dividends for H2 unveiled
Riyadh – Mubasher: Retal Urban Development Company logged net profits after tax valued at SAR 266.12 million in 2024, an annual rise of 31.51% from SAR 202.35 million. Sales hiked by 50.92% year-on-year (YoY) to SAR 2.06 billion at the end of …
Cash Dividends
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26 February 2025 08:56 PM Riyadh Development’s profits rise 9% in 2024; dividends proposed
Riyadh – Mubasher: Riyadh Development Company logged net profits valued at SAR 296.20 million in 2024, higher by 9.10% than SAR 271.50 million in 2023. Meanwhile, the revenues declined by 5.22% year-on-year (YoY) to SAR 321.50 million as of 31 …
Board of Directors
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4 February 2025 05:25 PM Riyadh Development’s shareholders approve 31.5% capital raise
Riyadh – Mubasher: The shareholders of Riyadh Development Company greenlighted a 31.58% capital hike to SAR 2.33 billion from SAR 1.77 billion. The Tadawul-listed company will use the proceeds of the capital raise to acquire two real estate assets …
Corporate Actions
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26 January 2025 04:57 PM First Avenue unveils nearly SAR 183m brokerage, sale agreements
Riyadh – Mubasher: First Avenue Real Estate Development Company inked a real estate brokerage agreement with Sarah Al Lu'lu'a Real Estate Company at a value of SAR 57 million. The two entities signed the sale and purchase agreement (SPA) on 23 …
Companies Investments
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19 January 2025 07:27 PM Cenomi Centers partners with Visa to enhance consumer payment solutions
Riyadh - Mubasher: Arabian Centres Company (Cenomi Centers) entered into a strategic partnership with Visa to transform Cenomi’s offering and enhance customer experiences, according to a press release. The Saudi company will leverage Visa’s …
Companies Investments
Photo Archive
13 January 2025 07:59 PM View United pens SAR 164m agreement
Riyadh – Mubasher: View United Real Estate Development Company inked a SAR 164 million contract to develop a residential tower in the Al Nakheel district, King Fahd Road in Riyadh. The deal holds a tenor of 30 months from 12 January 2025, …
Companies Investments
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8 January 2025 06:00 PM Retal unveils SAR 374m development deal
Riyadh – Mubasher: Retal Urban Development Company inked a contract with its subsidiary Building Construction Company to develop 285 residential units in the Murcia zone. The two entities penned the agreement at a value of SAR 374 million on 7 …
Real estate