Knowledge Economic City (4310)

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News

29 January 09:48 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 05:40 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 01:15 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 03:35 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 …

Banking and Finance

11 August 2025 03:40 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 06:32 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 11:26 AM 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 11:01 AM 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 04:53 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 …

Real estate

23 December 2024 05:44 PM Knowledge Economic City inks joint deal for SAR 1bn mixed-use development project

Riyadh – Mubasher: Knowledge Economic City penned a framework agreement, on 22 December 2024, with Sidra Capital and Raseel Properties to establish a closed-ended real estate investment private fund. Under the joint deal, Sidra Capital will act as …

Companies Investments

9 December 2024 05:40 PM Hilton, Knowledge Economic City to boost hospitality offerings in MEA

Riyadh – Mubasher: Knowledge Economic City and Hilton signed a joint agreement with Al Gharaa International for Real Estate Development to open three hotels in Madinah, according to a press release. The project marks the debut of Hilton’s Home2 …

Real estate

5 November 2024 11:18 AM Knowledge Economic City posts 99.5% higher losses in 9M-24

Riyadh – Mubasher: Knowledge Economic City incurred net losses amounting to SAR 47.62 million in the first nine months (9M) of 2024, an annual leap of 99.41% from SAR 23.88 million. The revenues stood at SAR 45.96 million in 9M-24, down 26.81% …

Financial Results

29 July 2024 11:05 AM Knowledge Economic City announces 2 key appointments

Riyadh – Mubasher: Knowledge Economic City named Amin Mohammad Shaker as the Chairman of the board for the coming four years. Majed Helal Al Anazi was announced as the Vice Chairman, according to a bourse disclosure. The two official assumed their …

Management Decisions

28 July 2024 07:50 AM Knowledge Economic City’s losses leap 265% in H1-24

Riyadh – Mubasher: The net losses of Knowledge Economic City hiked by 265.09% to SAR 38.69 million in the first half (H1) of 2024 from SAR 10.59 million in H1-23. The company's revenues stood at SAR 11.11 million in H1-24, down 78.68% year-on-year …

Financial Results

19 May 2024 11:05 AM Knowledge Economic City sees 49.5% higher losses in Q1-24; accumulated losses unveiled

Riyadh – Mubasher: Knowledge Economic City reported net losses amounting to SAR 13.58 million in the first quarter (Q1) of 2024, an annual leap of 49.56% from SAR 9.08 million. Revenues hit SAR 7.51 million in January-March 2024, lower by 58.35% …

Financial Results

14 April 2024 07:20 PM Knowledge Economic City inks nearly SAR 289m deals with Elkhereiji for Al Alya project

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, …

Companies Investments

19 March 2024 10:29 AM Knowledge Economic City’s net loss deepens 135% YoY in 2023

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 …

Financial Results

26 February 2024 11:09 AM Knowledge Economic City inks hotel management agreements with Hyatt International

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. …

Real estate

6 November 2023 02:35 PM Knowledge Economic City announces 9M-23 financials; accumulated losses hit SAR 360m

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 …

Financial Results

19 October 2023 02:33 PM Knowledge Economic City pens $790m deals

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, …

Companies Investments

19 September 2023 08:04 AM Knowledge Economic City, Halwani Bros secure credit facility from Al Rajhi Bank

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 …

Banking and Finance

15 August 2023 11:52 AM Knowledge Economic City’s net losses narrow in H1-23; accumulated losses disclosed

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 …

Financial Results

22 June 2023 00:00 PM Knowledge Economic City inks SAR 506.5m agreement

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 …

Companies Investments

19 June 2023 02:36 PM Knowledge Economic City pens over SAR 65m development deal

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 …

Companies Investments

23 May 2023 07:36 AM Knowledge Economic City’s losses deepen 35% in Q1-23

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 …

Financial Results