Knowledge Economic City (4310)

Riyadh – Mubasher: Knowledge Economic City announced signing two contracts with Elkhereiji Commerce and Contracting Company for Al Alya project at a combined value of SAR 288.60 million. The two deals were awarded and signed on 4 April 2024, …

Riyadh – Mubasher: Knowledge Economic City’s net loss soared 134.96% year-on-year (YoY) to SAR 45.55 million in 2023 from SAR 19.38 million. Revenues jumped 17.95% YoY to SAR 66.86 million last year from SAR 56.68 million, according to the annual …

Riyadh – Mubasher: Knowledge Economic City has signed agreements with Hyatt International for the management and operation of hotel facilities and the provision of consultancy services in exchange for a share in the facilities’ operating revenues. …

Riyadh – Mubasher: The net losses after Zakat and tax of Knowledge Economic City widened by 122.41% to SAR 23.88 million in the first nine months (9M) of 2023 from SAR 10.73 million in 9M-22. Revenues hiked by 58.69% to SAR 62.80 million as of 30 …

Riyadh – Mubasher: Knowledge Economic City signed three agreements with China Gezhouba International Engineering Group Company for a project at an initial value of $970 million. A total of $400 million will be invested in the Al Alya project, …

Riyadh – Mubasher: Knowledge Economic City and Halwani Bros Company secured loans at a combined value of SAR 353 million from Al Rajhi Bank on 17 September 2023, according to bourse disclosures. Knowledge Economic City will use the investment to …

Riyadh – Mubasher: Knowledge Economic City posted net losses after Zakat and tax worth SAR 10.59 million in the first half (H1) of 2023, lower by 31.03% than SAR 15.36 million in H1-22. The loss per share edged down to 0.03% in H1-23 from SAR 0.04 …

Riyadh – Mubasher: Knowledge Economic City and Alsaad General Contracting Company signed a contract at a value of SAR 506.60 million on 21 June, according to a bourse filing. The deal covers the execution of the electromechanical and finishes …

Riyadh – Mubasher: Knowledge Economic City inked a SAR 65.25 million construction contract for the skeleton of residential buildings in the first phase of the Al Alya Project on 18 June. The mixed-use project holds a 14-month duration period that …

Riyadh – Mubasher: The net losses after Zakat and tax of Knowledge Economic City widened by 34.97% to SAR 9.08 million in the first quarter (Q1) of 2023, compared to SAR 6.72 million in Q1-22. The company generated revenues amounting to SAR 18.05 …

Riyadh – Mubasher: Knowledge Economic City reported net losses after Zakat and tax worth SAR 19.38 million in 2022, lower by 12.22% year-on-year (YoY) than SAR 22.08 million. Revenues increased by 33.52% to SAR 56.68 million last year from SAR …

Riyadh – Mubasher: Savola Group inked an agreement to sell its entire shares in Knowledge Economic City and Knowledge Economic City Developers Company Limited to Taiba Investment Company for SAR 459.26 million. The General Authority for …

Riyadh – Mubasher: The net losses after Zakat and tax of Knowledge Economic City widened by 316.97% to SAR 10.73 million in the first nine months (9M) of 2022, versus SAR 2.57 million in 9M-21. The Saudi company generated revenues worth SAR 39.57 …

Riyadh – Mubasher: Knowledge Economic City has incurred net losses after Zakat and tax worth SAR 15.36 million during the first half (H1) of 2022, a leap of 21,545% from SAR 71,000 in H1-21. The revenues declined by 8.10% year-on-year (YoY) to SAR …

Riyadh – Mubasher: Knowledge Economic City’s net losses after Zakat and tax reached SAR 6.72 million in the first quarter (Q1) of 2022, an annual increase of 41.46% from SAR 4.75 million. The company generated SAR 15.73 million in revenue during …

Riyadh – Mubasher: Knowledge Economic City Company has awarded Mohammed Al Rashed Trading and Contracting Company (MARCO) a SAR 48.884 million contract to execute the bus station in the Madinah Gate Project. As per the contract, MARCO will …

Riyadh – Mubasher: Knowledge Economic City Company has completed procedures to obtain a SAR 782 million financing facility from the Tourism Development Fund and Riyad Bank. With a 13-year repayment period, the financing will contribute to the …

Riyadh – Mubasher: Knowledge Economic City Company announced the appointment of Mohammad Abdulhameed Almubarak as the CEO of the company, upon the board’s approval on 28 December. Almubarak will assume the CEO position as of 1 January 2022, …

Riyadh – Mubasher: Knowledge Economic City incurred net losses after Zakat and tax worth SAR 2.5 million during the third quarter (Q3) of 2021, down by 83.46% from SAR 15.13 million in Q3-20. Revenues also decreased by 84.8% year-on-year (YoY) to …

Riyadh – Mubasher: Knowledge Economic City incurred net losses of SAR 71,000 in the first half (H1) of 2021, down by 98.99% year-on-year (YoY) from SAR 7.076 million.  The loss reduction was attributed to an increase in other income on account of …

Riyadh – Mubasher: Knowledge Economic City has appointed Amin Mohammad Shaker as the Chairman of the board for a three-year term, according to a bourse filing on Sunday. The company also appointed Ahmad Hasan Alarjani as the Vice Chairman of the …

Riyadh – Mubasher: Knowledge Economic City signed an agreement with Riyad Capital on 22 April to waive the entire shares of its subsidiary that owns Bawabat Almadinah Real Estate Development Company to Madinah Gate Fund. The deal value stands at …

Riyadh – Mubasher: The Knowledge Economic City turned to a net loss of SAR 324 million over the second quarter (Q2) of 2020, against a net profit of SAR 5.48 million in the year-ago period. The move to losses is due to disposal of a subsidiary …

Riyadh – Mubasher: The Knowledge Economic City has incurred SAR 5.29 million worth of net loses after zakat and tax during the first quarter (Q1) of 2020, versus net profits of SAR 19.56 million in the same period a year ago. The company …

Riyadh – Mubasher: Knowledge Economic City (KEC) signed a memorandum of understanding (MoU) with OYO Oravel Technology to cooperate in managing and operating the Islamic World district project hotels. The MoU paves the way towards a final …