Knowledge Economic City (4310)

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News

28 July 03:39 PM Knowledge Economic City’s unit pens SAR 91m infrastructure deal

Riyadh – Mubasher: Knowledge Economic City’s subsidiary, Al Gharaa International Real Estate Development Limited, signed a contract on 27 July 2026 with Saudi Al Kifah Contracting Company (SALKO) for infrastructure development. The agreement, …

Real estate

28 July 10:25 AM Knowledge Economic City unveils plans for SAR 7.5bn real estate fund

Riyadh – Mubasher: Knowledge Economic City has signed a letter of intent (LOI) with its subsidiary, Al Gharaa International Real Estate Development Limited, BSF Capital, and Foreman Investment to establish a private closed-ended real estate …

Company News

23 July 11:03 AM Knowledge Economic City announces over SAR 1bn contractual sales for Al Alia Project

Riyadh – Mubasher: Knowledge Economic City announced updated sales figures for its Al Alia project, a major mixed-use development in Madinah, according to a bourse disclosure. The company reported that 351 residential units have been sold under …

Company News

20 July 12:15 PM Knowledge Economic City rolls out SAR 1.3bn development agreement

Riyadh – Mubasher: Knowledge Economic City has signed a real estate development agreement with Al Rashid Real Estate to develop the Al Multaqa Residence project in Madinah. The project, spanning 149,520 square meters, is valued at an estimated …

Real estate

19 July 04:29 PM Knowledge Economic City amends land sale agreement for Madinah project

Riyadh – Mubasher: Knowledge Economic City issued a corrective disclosure on Sunday regarding a previous announcement made earlier the same day concerning a land sale agreement within its flagship project in Madinah. The company clarified that the …

Company News

19 July 02:50 PM Knowledge Economic City pens over SAR 169.5m sale deal in Madinah

Riyadh – Mubasher: Knowledge Economic City inked a sale agreement for land plots within its master plan in Madinah to OUD Real Estate Private Fund (4), an investment vehicle managed by OUD Financial. The transaction, signed on 16 July 2026, is …

Companies Investments

19 July 12:34 PM Knowledge Economic City sells land plots for SAR 229m

Riyadh – Mubasher: Knowledge Economic City signed a sale agreement on 16 July 2026 for two land plots within its master plan in Madinah for a total net value of SAR 229.12 million. The plots, identified as C06-6 and C06-3, cover a combined area of …

Company News

14 July 10:11 AM Knowledge Economic City inks SAR 78.5m framework agreement with ABASCO

Riyadh – Mubasher: Knowledge Economic City signed a strategic framework agreement with Ouda Mubarak Al Beladi & Sons Contracting Company (ABASCO) valued at SAR 78.30 million. The contract, which was formally signed on 13 July 2026, covers the …

Company News

13 July 09:00 AM Knowledge Economic City awards SAR 117.6m project deal to Astra Construction

Riyadh – Mubasher: Knowledge Economic City has signed a construction contract with Astra Construction valued at SAR 117.61 million, excluding value-added tax. The agreement, signed on 12 July 2026, covers the execution of electromechanical, …

Real estate

12 July 11:48 AM Knowledge Economic City appoints Al Yahya as CEO

Riyadh – Mubasher: Knowledge Economic City announced that its board of directors has issued a resolution to appoint Moath bin Ahmed Al Yahya as the company’s CEO. The board decision, reached on 9 July, designates 19 July 2026 as the official …

Board of Directors

12 July 11:02 AM Knowledge Economic City inks non-binding term sheet with Albilad Capital

Riyadh – Mubasher: Knowledge Economic City has signed a non-binding term sheet with Albilad Capital to appoint the latter as the manager for a private closed-ended real estate investment fund, according to a bourse disclosure. The fund is designed …

Company News

6 July 12:00 PM Knowledge Economic City obtains SAR 152m financing from SAIB

Riyadh – Mubasher: Knowledge Economic City has secured Sharia-compliant financing totaling SAR 152 million from the Saudi Investment Bank (SAIB). The agreement, finalized on 5 July 2026, is structured with a 15-year maturity period to support the …

Company News

2 July 10:18 AM Knowledge Economic City’s shareholders nod for remuneration policy amendments

Riyadh – Mubasher: Knowledge Economic City announced the results of its ordinary general meeting (OGM) held on 30 June 2026, where shareholders representing 41.68% of the company’s capital approved the financial statements for the fiscal year …

Companies Investments

18 June 05:16 PM Knowledge Economic City secures SAR 150m financing from Riyad Bank

Riyadh – Mubasher: Knowledge Economic City, a major real estate development entity, has finalized a Sharia-compliant financing agreement with Riyad Bank for a total of SAR 150 million, according to a bourse filing. This facility is specifically …

Real estate

13 May 05:56 AM Knowledge Economic City incurs lower losses in Q1-26; accumulated losses near SAR 458m

Riyadh - Mubasher: Knowledge Economic City reported 10.60% year-on-year (YoY) lower net losses at SAR 15.43 million in the first quarter (Q1) of 2026, compared to SAR 17.26 million. The sales reached SAR 55.42 million in Q1-26, up 8.68% from SAR …

Financial Results

16 March 11:21 AM Knowledge Economic City’s losses deepen 66% in 2025

Riyadh - Mubasher: The net losses attributable to the owners of Knowledge Economic City reached SAR 34.86 million in 2025, higher by 66.38% year-on-year (YoY) than SAR 20.95 million. The loss per share widened to SAR 0.10 in the January-December …

Financial Results

29 January 10:48 PM Knowledge Economic City pens SAR 150m facility deal with Banque Saudi Fransi

Riyadh – Mubasher: Knowledge Economic City has secured Shariah-compliant financing of SAR 150 million from Banque Saudi Fransi to support the execution of infrastructure works for the Islamic World District project— IWD area. The four-loan is …

Banking and Finance

22 January 06:40 PM Knowledge Economic City, ASTRA Construction team up for 32.5m project

Riyadh – Mubasher: Knowledge Economic City and ASTRA Construction Company penned a SAR 32.48 million agreement for the execution of structural and embedded mechanical, electrical, and plumbing (MEP) works for the buildings of the Riyadh Schools …

Companies Investments

11 November 2025 02:15 PM Knowledge Economic City’s losses shrink 44% in 9M-25; higher revenues generated

Riyadh – Mubasher: Knowledge Economic City reported 43.91% lower net losses at SAR 26.70 million in the first nine months (9M) of 2025, compared to SAR 47.62 million in 9M-24. The loss per share recorded SAR 0.07 in 9M-25, down year-on-year …

Financial Results

26 August 2025 04:35 PM Knowledge Economic City obtains SAR 305m Islamic financing from Riyad Bank

Riyadh - Mubasher: Knowledge Economic City Company has secured a Shariah-compliant financing valued at SAR 305 million from Riyad Bank. The loan aims to fund the completion of the Al-Alya Project’s remaining residential component, according to a …

Sukuk and Islamic Finance

11 August 2025 04:40 PM Knowledge Economic City incurs SAR 55m losses in H1-25; revenues leap 912%

Riyadh – Mubasher: Knowledge Economic City suffered 41.99% higher net losses at SAR 54.94 million in the first half (H1) of 2025, compared to SAR 38.69 million in H1-24. The revenues hiked by 912.12% to SAR 112.45 million in H1-25 from SAR 11.11 …

Financial Results

6 July 2025 07:32 PM Knowledge Economic City inks over SAR 399m development, leasing deal

Riyadh - Mubasher: Knowledge Economic City Company inked a SAR 399.32 million development and leasing agreement with Riyadh Schools Holding Company, a subsidiary of Mohammed bin Salman's non-profit foundation (MiSK Foundation). The partnership …

Companies Investments

18 May 2025 00:26 PM Knowledge Economic City posts 578.5% higher sales in Q1-25; accumulated losses reported

Riyadh – Mubasher: Knowledge Economic City reported net losses valued at SAR 17.26 million in the first quarter (Q1) of 2025, an annual increase of 27.07% from SAR 13.58 million. The group generated 578.34% year-on-year (YoY) higher revenues at …

Financial Results

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

24 December 2024 05:53 PM Knowledge Economic City to execute electromechanical works for Hilton Tower

Riyadh – Mubasher: Knowledge Economic City and Alfaneyah Electromechanical Company inked a deal to execute the electromechanical for the Hilton Hotel Tower and the Branded Residences Tower of the company’s HUB project. The parties signed the …

Companies Investments