Emaar The Economic City (4220)

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News

6 July 06:15 AM Emaar the Economic City unveils SAR 547.5m construction deal

Riyadh – Mubasher: Emaar the Economic City signed a construction contract valued at SAR 547.38 million with Nesma & Partners Contracting on 5 July 2026. The agreement focuses on the development of infrastructure networks within the Special …

Real estate

30 June 11:51 AM Emaar The Economic City forms new Audit Committee

Riyadh – Mubasher: Emaar the Economic City, the master developer of King Abdullah Economic City, has announced the formation of its Audit Committee for a new four-year term, following a Board of Directors resolution passed on 28 June 2026. The …

General Assembly

29 June 01:32 PM Emaar The Economic City announces appointments for new board term

Riyadh – Mubasher: Emaar The Economic City, the master developer of King Abdullah Economic City, has officially announced the restructuring of its leadership and the formation of its primary sub-committees. Following the commencement of a new …

Board of Directors

23 June 07:22 AM Emaar The Economic City’s OGM approves SAR 1bn convertible loan

Riyadh – Mubasher: Emaar The Economic City announced the results of its ordinary general meeting (OGM) held on 22 June 2026, where shareholders approved a significant SAR 1 billion convertible loan agreement with the Public Investment Fund (PIF). …

General Assembly

2 June 05:47 AM Emaar The Economic City’s shareholders to vote on SAR 1bn loan with PIF

Riyadh – Mubasher: Emaar The Economic City has invited its shareholders to participate and vote in the ordinary general meeting (OGM), which will be held on Monday, 22 June, using the Tadawulaty system. The shareholders will vote on the …

General Assembly

13 May 02:38 AM Emaar The Economic City’s net losses deepen in Q1-26

Riyadh – Mubasher: The net losses of Emaar The Economic City widened by 46.34% to SAR 180 million in the first quarter (Q1) of 2026, compared to SAR 123 million in Q1-25. The group generated 23.03% year-on-year (YoY) lower revenues at SAR 157 …

Company News

5 May 08:47 AM Emaar The Economic City rolls out SAR 547.5m project

Riyadh – Mubasher: Emaar The Economic City announced a project award with Nesma and Partners Contracting Company at an amount of SAR 547.30 million, according to a bourse filing. The deal covers the infrastructure development of areas within the …

Company News

1 April 04:15 PM Emaar The Economic City generates 167% higher revenue in 2025 amid lower losses

Riyadh – Mubasher: Emaar The Economic City reported a decrease of 99.21% in net losses to SAR 9 million in 2025 from SAR 1.13 billion in 2024. The loss per share shrank to SAR 0.02 in 2025 when compared with SAR 2.17 in the previous year, …

Real estate

22 February 11:55 AM Emaar The Economic City names Al Azzawi as new Chairman

Riyadh - Mubasher: Emaar The Economic City announced Muhannad Al Azzawi as the board’s Chairman on 19 February. This appointment followed the resignation of Fahad Abduljalil Al Saif, according to a bourse filing. Al Azzawi brings over 32 years of …

Board of Directors

12 November 2025 11:08 AM Emaar The Economic City unveils 182.5% higher revenues in 9M-25, accumulated losses

Riyadh – Mubasher: The net losses of Emaar The Economic City plummeted by 73.80% to SAR 302 million in the first nine months (9M) of 2025 from SAR 1.15 billion in 9M-24. The loss per share hit SAR 0.58 in 9M-25, an annual decline from SAR 2.20, …

Financial Results

12 August 2025 04:19 AM Emaar The Economic City posts 76% lower losses in H1-25; accumulated losses near 3% of capital

Riyadh – Mubasher: Emaar The Economic City incurred net losses valued at SAR 167 million in the first half (H1) of 2025, an annual plunge of 75.93% from SAR 694 million. Meanwhile, the revenues hiked by 114.66% to SAR 322 million in H1-25 from SAR …

Financial Results

6 April 2025 02:46 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 …

Corporate Actions

27 March 2025 00:55 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

1 January 2025 10:50 AM Emaar The Economic City capital obtains EGM’s nod for 54% capital cut

Riyadh – Mubasher: The shareholders of Emaar The Economic City passed the board’s recommendation to decrease the company’s capital by %53.83, according to a bourse disclosure. The extraordinary general meeting (EGM) approved, on 31 December, …

General Assembly

9 December 2024 08:17 AM CMA approves Emaar The Economic City’s capital reduction

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Emaar The Economic City (EEC) to lower its capital to SAR 5.23 billion from SAR 11.33 billion. Following the transaction, the number of shares will be reduced from 1.13 …

Corporate Actions

28 October 2024 06:47 AM Emaar The Economic City suffers 2,253% higher losses in 9M-24

Riyadh – Mubasher: Emaar The Economic City incurred net losses amounting to SAR 1.15 billion in the first nine months (9M) of 2024, an annual leap of 2,253% from SAR 49 million. The revenues stood at SAR 241 million in January-September 2024, …

Financial Results

22 September 2024 06:25 AM Emaar The Economic City submits capital cut request to CMA

Riyadh – Mubasher: Emaar The Economic City (EEC) submitted an application file to the Capital Market Authority (CMA), on 20 September 2024, to lower its capital. The group will cancel 563.11 million shares valued at SAR 5.63 billion to reduce its …

Corporate Actions

9 September 2024 11:11 AM Emaar The Economic City unveils new strategy to enhance financial operations

Riyadh – Mubasher: The board members of Emaar The Economic City (EEC) approved a transformative business strategy in line with Saudi Vision 2030, according to a press release. This strategy covers a SAR 8.70 billion capital optimisation plan (COP) …

Real estate

11 August 2024 09:57 AM Emaar The Economic City’s losses deepen 813% in H1-24

Riyadh – Mubasher: The net losses of Emaar The Economic City hiked by 813.15% year-on-year (YoY) to SAR 694 million in the first half (H1) of 2024 from SAR 76 million. The revenues amounted to SAR 150 million in H1-24, down 74.35% from SAR 585 …

Financial Results

14 May 2024 08:06 AM Emaar The Economic City sustains 106% YoY higher loss in Q1-24; accumulated losses near SAR 5.3bn

Riyadh – Mubasher: Emaar The Economic City incurred a net loss of SAR 352 million in the first quarter (Q1) of 2024, up 105.84 year-on-year (YoY) from SAR 171 million. Revenues plunged 52.22% YoY to SAR 75 million in Q1-24 from SAR 157 million, …

Real estate

6 May 2024 00:38 PM Emaar The Economic City partners with Aramex to endorse logistics sustainability in KAEC

Mubasher: Saudi Arabia’s Emaar The Economic City has teamed up with the UAE-based Aramex to advance sustainable logistics solutions in King Abdullah Economic City (KAEC), according to a press release. The agreement aims to minimise environmental …

Companies Investments

3 April 2024 09:00 AM Emaar The Economic City’s board hires new CEO

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 …

Management Decisions

1 April 2024 03:10 PM Emaar The Economic City extends SAR 1bn loan duration with PIF

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 …

Management Decisions

31 March 2024 04:07 PM Emaar The Economic City records 78% lower net losses in 2023, unveils accumulated losses

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 …

Real estate

27 February 2024 08:26 AM Emaar The Economic City’s board approves CEO’s contract non-renewal

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 …

Management Decisions