Saudi Real Estate Co (4020)

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News

13 August 04:36 PM Al Akaria turns profitable in H1-25; sales cross SAR 1.1bn

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) shifted to net profits valued at SAR 229.60 million in the first half (H1) of 2025, against net losses of SAR 11.30 million in H1-24. The Tadawul-listed company posted a 37.93% year-on-year …

Real estate

18 May 12:15 PM Al Akaria’s profits skyrocket 4,562% in Q1-25

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) recorded net profits valued at SAR 135.20 million in the first quarter (Q1) of 2025, an annual leap of 4,562% from SAR 2.90 million. The revenues climbed by 46.88% year-on-year (YoY) to SAR …

Financial Results

19 March 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

31 December 2024 03:08 PM Al Akaria’s unit to increase capital by SAR 250m

Riyadh – Mubasher: Saudi Real Estate Infrastructure Company (Binyah), a 60%-owned subsidiary of Saudi Real Estate Company (Al Akaria) will raise its capital to SAR 300 million from SAR 50 million. The subsidiary will capitalise SAR 250 million …

Real estate

29 December 2024 06:07 PM Al Akaria sells 17 land plots for SAR 145m

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) sold 17 land plots with a total area of 43,290 square metres within the Al Dhahia Project, according to a bourse disclosure. The transaction was implemented through an electronic public …

Companies Investments

5 November 2024 02:47 PM Al Akaria records positive performance in 9M-24 financial results

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) turned profitable at SAR 26.90 million in the first nine months (9M) of 2024, against net losses worth SAR 89.30 million in 9M-23. Revenues hit SAR 1.24 billion in 9M-24, up 9.30% …

Real estate

3 September 2024 00:09 PM Al Akaria’s unit Binyah to carry out over SAR 660m project for Riyadh authority

Riyadh – Mubasher: Saudi Real Estate Company unveiled that its 60%-owned subsidiary Saudi Real Estate Infrastructure Company (Binyah) won a project for the Royal Commission for Riyadh City on 28 August 2024. Under the SAR 660.35 million deal, …

Real estate

8 August 2024 02:40 PM Al Akaria’s losses shrink in H1-24 initial results

Riyadh – Mubasher: The net losses of Saudi Real Estate Company (Al Akaria) dropped by 84.66% year-on-year (YoY) to SAR 11.30 million in the first half (H1) of 2024, compared to SAR 73.70 million. The revenues amounted to SAR 809.90 million in …

Real estate

28 May 2024 01:12 PM Al Akaria’s board accepts CEO's resignation

Riyadh – Mubasher: The board of Saudi Real Estate Company (Al Akaria) has accepted the resignation of Ibrahim bin Mohamed Alalwan from his position as CEO and Managing Director. The resignation, dated 27 May 2024, was ascribed to personal reasons, …

Management Decisions

12 May 2024 00:31 PM Al Akaria’s Binyah pens SAR 532m agreement for excavation works

Riyadh – Mubasher: Saudi Real Estate Infrastructure Company (Binyah), a subsidiary of Saudi Real Estate Company (Al Akaria), has signed an agreement with Diriyah Gate Company Limited (DGCL). The SAR 532.05 million agreement includes the …

Real estate

7 May 2024 09:11 AM Al Akaria reports plunge in Q1-24 net profits, accumulated losses

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) witnessed 67.41% year-on-year (YoY) lower net profits at SAR 2.90 million in the first quarter (Q1) of 2024, compared to SAR 8.90 million. The Saudi firm posted revenues amounting to SAR …

Real estate

28 April 2024 11:04 AM Al Akaria, Arriyadh Development partner to build educational complex

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has entered into an agreement to establish a special purpose company with Arriyadh Development Company and Riyadh Holding Company. Under the agreement, the three companies will develop an …

Real estate

2 April 2024 01:25 PM Al Akaria inks SAR 882m contracts for construction works

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 …

Real estate

3 March 2024 04:48 PM Al Akaria’s profits shrink 39% in 2023; accumulated losses unveiled

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 …

Financial Results

26 February 2024 02:13 PM Al Akaria pens 5-year agreement for development of Sidrat AlUla project

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 …

Real estate

22 January 2024 09:50 AM Al Akaria renews, increases facility deal with SAB

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 …

Banking and Finance

29 October 2023 04:41 PM Al Akaria unveils 9M-23 financials; accumulated losses hit 6% of capital

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 …

Financial Results

23 May 2023 02:13 PM Al Akaria swings to profits in Q1-23; accumulated losses unveiled

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 …

Real estate

30 March 2023 00:34 PM Al Akaria’s profits leap 101% in 2022 results

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 …

Real estate

23 January 2023 05:30 PM Al Akaria partners with Al Tahaluf for SAR 377m development project

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 …

Companies Investments

8 December 2022 05:43 PM Al Akaria’s unit Binyah awarded SAR 374m project

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 …

Companies Investments

7 November 2022 05:33 PM Al Akaria shifts to SAR 28m profits in 9M-22; accumulated losses unveiled

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% …

Real estate

23 August 2022 09:37 AM Al Akaria turns profitable in H1-22

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 …

Financial Results

8 August 2022 06:37 PM Shareholders of Al Akaria’s unit greenlight capital cut

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 …

General Assembly

3 July 2022 05:01 PM Al Akaria’s unit obtains EGM nod for capital cut

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 …

Management Decisions