Emaar The Economic City (4220)

Riyadh – Mubasher: Emaar The Economic City’s board appointed Abdulaziz Ibrahim Alnowaiser as CEO. Alnowaiser will assume the position as of 1 May 2024, according to a bourse filing. The board appointed incumbent CEO Cyril Piaia as advisor …

Riyadh – Mubasher: Emaar The Economic City has rescheduled, on 1 April 2024, a facility agreement offered by the Public Investment Fund (PIF) to be extended from 18 months to 21 months. The loan is worth up to SAR 1 billion and was originally …

Riyadh – Mubasher: Emaar The Economic City registered a 78.13% decrease in net loss during 2023 to SAR 253 million from SAR 1.15 billion in 2022. The loss per share also plunged to SAR 0.22 last year when compared with SAR 1.02 in 2022, according …

Riyadh – Mubasher: Emaar The Economic City’s board of directors approved a request by incumbent CEO Cyril Piaia for not renewing his contract. Piaia’s contract is set to end on 31 August 2023, according to a bourse filing. Moreover, the company …

Riyadh – Mubasher: Emaar The Economic City posted a 92.44% drop in net losses after Zakat and tax to SAR 49 million during the first nine months (9M) of 2023, compared to SAR 648 million in 9M-22. The listed firm generated revenues worth SAR 926 …

Riyadh - Mubasher: Emaar the Economic City appointed Fahad Abduljalil Al Saif as its Chairman for the coming three years, according to a bourse disclosure.  The company also chose Jamal Majid bin Theniyah to be the Vice Chairman.   The new …

Riyadh – Mubasher: Emaar The Economic City recorded 81.77% lower net losses after Zakat and tax at SAR 76 million in the first half (H1) of 2023, versus SAR 417 million in H1-22. The revenues hiked by 254.54% to SAR 585 million during January-June …

Riyadh – Mubasher: Emaar The Economic City announced the sale of an undeveloped industrial plot to four parties, of which one is a subsidiary of Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF). The other three parties are Dar …

Riyadh – Mubasher: Emaar The Economic City incurred net losses after Zakat and tax valued at SAR 171 million in the first quarter (Q1) of 2023, an annual increase of 3.01% from SAR 166 million. The Saudi firm posted an 80.46% leap in revenue to …

Riyadh – Mubasher: The net losses after Zakat and tax of Emaar The Economic City soared by 38.23% to SAR 1.15 billion in 2022, compared to SAR 837 million in 2021. Revenues amounted to SAR 363 million last year, down 2.42% from SAR 372 million as …

Riyadh – Mubasher: Emaar The Economic City sold an industrial land plot to CEER National Automotive Company at a total value of SAR 359.03 million to be paid over 15 years. CEER, the first Saudi electric vehicle brand, will establish and operate a …

Riyadh – Mubasher: Emaar The Economic City suffered net losses after Zakat and tax worth SAR 627 million in the first nine months (9M) of 2022, higher by 15.04% than SAR 545 million in 9M-21. Revenues declined by 12.02% to SAR 227 million during …

Riyadh – Mubasher: The net losses after Zakat and tax of Emaar The Economic City increased by 9.68% to SAR 408 million during the first half (H1) of 2022, compared to SAR 372 million in H1-21. The Saudi listed firm registered revenues worth SAR …

Riyadh – Mubasher: Emaar The Economic City Company has signed a rental contract with Saudi Airlines Real Estate Development Company at a value of SAR 32.35 million. Under the 20-year contract, Saudi Airlines will lease office spaces at Bay Views …

Riyadh – Mubasher: Emaar The Economic City has incurred net losses after Zakat and tax worth SAR 160 million in the first quarter (Q1) of 2022, down 17.52% from SAR 194 million in Q1-21. In the first three months (3M) of 2022, the company …

Riyadh – Mubasher: Emaar The Economic City has registered net losses after Zakat and tax worth SAR 827 million last year, 33.73% lower than SAR 1.24 billion in 2020. The company posted a 31.99% year-on-year (YoY) decline in revenues to SAR 372 …

Riyadh – Mubasher: Emaar The Economic City penned a contract with Lucid Limited Liability Company for an asset in the Industrial Valley of King Abdullah Economic City (KAEC) at a total value of SAR 113.5 million. The contract has a 25-years …

Riyadh – Mubasher: Emaar The Economic City reported net losses after Zakat and tax worth SAR 173 million in the third quarter (Q3) of 2021, lower by 7.48% year-on-year (YoY) than SAR 187 million. Revenues plunged by 35% to SAR 86 million in Q3-21 …

Riyadh – Mubasher: Emaar City The Economic Company has appointed Assim Alsuhaibani as the new Chairman of the board for a three-year term. The company also announced the appointment of Jamal bin Thaniah as the Vice Chairman for the same term, …

Riyadh – Mubasher: The shareholders of Emaar The Economic City approved the board’s proposal to increase the capital by SAR 2.83 billion (33%). The new capital will stand at SAR 11.33 billion distributed over 1.13 billion ordinary shares, compared …

Riyadh – Mubasher: Emaar The Economic City logged almost 25% lower net losses after Zakat and tax worth SAR 372 million in the first half (H1) of 2021, compared to SAR 486 million in H1-20. The loss per share declined to SAR 0.44 in H1-21 from SAR …

Riyadh – Mubasher: Emaar The Economic City has obtained the Capital Market Authority’s (CMA) approval to increase its capital through debt conversion on Sunday, 1 August. The company will convert a SAR 2.83 billion loan owed to the Public …

Riyadh – Mubasher: Emaar The Economic City has entered a rescheduling agreement with Banque Saudi Fransi for a Tawarruq credit facility worth a total of SAR 587.5 million. The financing duration after signing the new deal will be from March 2017 …

Riyadh – Mubasher: Emaar The Economic City has appointed Cyril Piaia as the new CEO of the company, following the board’s resolution on 5 July. The new CEO will assume the position starting 1 September 2021, according to a bourse filing on …

Riyadh – Mubasher: Emaar The Economic City has received the Ministry of Finance’s approval for rescheduling the payment of a loan totalling SAR 5.36 billion. The company also obtained ministerial approval for capitalising debt commissions for the …