Saudi Real Estate Co (4020)

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has signed SAR 881.72 million contracts for construction and excavation works. The first contract was signed at a value of SAR 722.09 million with Diriyah Gate Company Limited (DGCL) for the …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) logged net profits standing at SAR 67.60 million in 2023, an annual drop of 38.82% from SAR 110.50 million, according to the income results. Al Akaria posted revenues amounting to SAR 1.81 …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) signed a five-year agreement with the Royal Commission for AlUla and AlUla Development Company for the development of Sidrat AlUla project land. Under the terms of the agreement, Al Akaria …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) renewed and raised a Sharia-aligned banking facilities agreement worth SAR 200 million with Saudi Awwal Bank (SAB). Al Akaria secured the loan on 21 January 2024 to issue letters of credit …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) shifted to net losses after Zakat and tax valued at SAR 89.30 million in the first nine months (9M) of 2023. The negative results were compared with net profits amounting to SAR 27.90 …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) turned to net profits after Zakat and tax amounting to SAR 8.90 million in the first quarter (Q1) of 2023. The positive results were compared with net losses valued at SAR 29.40 million in …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) registered 101.28% higher net profits after Zakat and tax at SAR 110.50 million in 2022, versus SAR 54.90 million in 2021. Revenues amounted to SAR 2.05 billion as of 31 December 2022, a …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) signed a memorandum of understanding (MoU) with Al Tahaluf Real Estate Company for a development project in Riyadh valued at SAR 377 million. Under the two-month agreement, the two entities …

Riyadh – Mubasher: Saudi Real Estate Infrastructure Company (Binyah), a subsidiary of Saudi Real Estate Company (Al Akaria), won a SAR 373.93 million contract with Diriyah Gate Company Limited on 6 December 2022. Binyah will handle the execution …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) turned to net profits after Zakat and tax worth SAR 27.90 million in the first nine months (9M) of 2022, against net losses of SAR 37.70 million in 9M-21. Revenues enlarged by 157.76% …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) turned to profitability in the first half (H1) of 2022, gaining SAR 15.86 million in net earnings, against SAR 13.72 million in the corresponding period in 2021. The real estate developer …

Riyadh – Mubasher: The shareholders of Al Widyan Saudi Real Estate Company, a fully-owned subsidiary of Saudi Real Estate Company (Al Akaria), agreed to reduce its capital from SAR 100 million to SAR 500,000. The new capital will be distributed …

Riyadh – Mubasher: The shareholders of Real Estate Construction Company (Tamear), a fully-owned subsidiary of Saudi Real Estate Company (Al Akaria), have approved to reduce its capital from SAR 100 million to SAR 34 million. After the decrease …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has signed a SAR 141.97 million agreement with Roshn Real Estate Company to purchase residential lands with a development obligation. Located in Package K1 and K2 of Sedra Masterplan …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has rescheduled its existing loan worth SAR 2.06 billion with Saudi National Bank (SNB) to suit the company's cash flows. The company has restructured the loan, guaranteed by real estate …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has incurred net losses after Zakat and tax of SAR 29.40 million in the first quarter (Q1) of 2022, an annual hike of 539.13% from SAR 4.60 million. Revenues surged by 54.49% to SAR 282.10 …

Riyadh – Mubasher: The shareholders of Saudi Real Estate Company (Al Akaria) have agreed to increase the company’s capital from SAR 2.40 billion to SAR 3.75 billion through a rights issue. The capital raise will be carried out by offering a rights …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has logged net profits after Zakat and tax worth SAR 54.9 million in 2021, against net losses of SAR 140.7 million in 2020. The revenues soared by 85.87% to SAR 1.02 billion last year, …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has signed a contract with Mohammed Al Ojaimi Contracting Group to execute the design and implementation of infrastructure works for Al Akaria’s land plots in Riyadh. The contract value …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has been granted a Sharia-compliant banking facility worth SAR 400 million from Bank Aljazira. The company seeks to purchase raw land in the east of Riyadh with a total value of SAR 727.091 …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) suffered net losses after Zakat and tax worth SAR 23.9 million during the third quarter (Q3) of 2021, widening by 198.7% year-on-year (YoY) from SAR 8 million. Sales increased by 6.6% to SAR …

Riyadh – Mubasher: Saudi Real Estate Infrastructure Company (Binyah), a 60%-owned subsidiary of Saudi Real Estate Company (Al Akaria), signed a contract with Diriyah Gate Development Authority to implement infrastructure work at Wadi Hanifa for …

Riyadh – Mubasher: The board of Saudi Real Estate Company (Al Akaria) gave the green light for increasing the capital through a rights issue, according to a disclosure to Tadawul on Monday. The real estate developer aims to secure SAR 1.6 billion …

Riyadh - Mubasher: Real Estate Construction Company (Tamear), a wholly-owned subsidiary of Saudi Real Estate Company (Al Akaria), signed an allocation agreement with the National Housing Company. Under the deal, Tamear will establish 1,000 housing …

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) posted a net loss after Zakat and tax of SAR 4.6 million during the first three months of 2021, higher by 58.6% than SAR 2.9 million in the first quarter (Q1) of 2020. Loss per share stood …