Banan Real Estate Co. (4324)

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News

24 June 07:55 AM Armah rolls out SAR 244m deal with Banan Real Estate’s subsidiary

Riyadh - Mubasher: Armah Sports Company has penned a SAR 244.11 million deal with Qimam Nashaz Real Estate Development Company, a unit of Banan Real Estate Company. Under the development and operation contract, Qimam Nashaz will build two fully …

Companies Investments

27 May 06:55 AM Banan’s unit Qimam Noshoz to increase capital to SAR 110m

Riyadh – Mubasher: Qimam Noshoz Real Estate Development Company, a subsidiary of Banan Real Estate Company, obtained the extraordinary general meeting’s approval to increase its capital to SAR 110 million. The simplified joint stock unit aims to …

Corporate Actions

2 February 07:05 PM Armah signs SAR 224m contract with Banan Real Estate’s affiliate Qimam Nashaz

Riyadh – Mubasher: Armah Sports Company has inked a development and operation agreement with Qimam Nashaz Real Estate Development Company, an affiliate of Banan Real Estate Company, to develop two fully equipped fitness clubs on the Northern Ring …

Companies Investments

25 September 2024 00:07 PM Banan Real Estate to develop joint stock company

Riyadh – Mubasher: Banan Real Estate Company plans to establish a simplified joint stock firm for investment and real estate development, according to a bourse disclosure. The board members approved the new entity, which will be developed with Al …

Companies Investments

20 August 2024 09:22 AM Banan Real Estate obtains SAR 50m loan from Riyad Bank

Riyadh – Mubasher: Banan Real Estate Company signed a credit facilities agreement valued at SAR 50 million with Riyad Bank on 19 August 2024. The Saudi company will use the five-year financing to expand business activities, according to a bourse …

Companies Investments

5 June 2024 11:34 AM Banan Real Estate requests transiting to Tadawul’s main market

Riyadh – Mubasher: Banan Real Estate Company has submitted a request to transition to the main market of the Saudi Exchange (Tadawul). The request was submitted on 4 June 2024 through the market's online portal, according to a bourse filing. Banan …

Corporate Actions

21 February 2024 00:25 PM Banan’s net profit inches higher 2% YoY in 2023

Riyadh – Mubasher: Banan Real Estate Company recorded a 1.95% year-on-year (YoY) increase in net profit after tax to SAR 28.76 million in 2023 from SAR 28.21 million. Revenues rose by 11.26% YoY to SAR 65.97 million last year from SAR 59.29 …

Financial Results

27 December 2023 03:10 PM Banan Real Estate unveils H1-23 cash dividends

Riyadh – Mubasher: The board members of Banan Real Estate Company approved cash dividends amounting to SAR 4 million, equivalent to 2% of the capital, for the first half (H1) of 2023. The firm will pay a dividend of SAR 0.02 per share for 200 …

Board of Directors

27 November 2023 03:58 PM Banan Real Estate renews Oval building deal with Mobily

Riyadh – Mubasher: Banan Real Estate Company renewed the lease agreement with Etihad Etisalat Company (Mobily) for the Oval office building in Olaya district which is located in the capital of Saudi Arabia for five Hijri years. Upon the contract …

Real estate

3 October 2023 05:11 PM Banan Real Estate buys asset for nearly SAR 20m, secures funding from Riyad Bank

Riyadh – Mubasher: Banan Real Estate Company has purchased a 10,069 square metres land plot in the Al Qadisiyah district in Riyadh for SAR 19.93 million. The transaction, which was completed on 31 August 2023, was funded through Islamic facilities …

Real estate

5 July 2023 09:27 AM Banan Real Estate eyes listing on TASI

Riyadh – Mubasher: The board members of Banan Real Estate Company agreed, on 4 July, to transfer the company's shares from the Parallel Market (Nomu) to the main market All Share Index (TASI). Banan Real Estate appointed AlDukheil Financial Group …

Management Decisions

28 December 2022 02:06 PM Banan Real Estate announces new key appointments

Riyadh – Mubasher: Banan Real Estate Company has appointed Abdul Mohsen Abdul Aziz Al Haqbani as the new Chairman of the board. The company also named Ahmed Abdul Rahman Al Haqbani as the Vice Chairman, according to a bourse filing. Furthermore, …

Management Decisions

21 March 2022 05:00 PM Banan Real Estate’s profits surge 43% in 2021; dividends proposed for H2-21

Riyadh – Mubasher: Banan Real Estate Company recorded net profits after Zakat and tax worth SAR 23.61 million in 2021, up by 43.13% from SAR 16.49 million in the previous year. Earnings per share (EPS) rose to SAR 1.18 last year from SAR 1.07 in …

Real estate

16 December 2021 02:08 PM Banan Real Estate purchases commercial building for SAR 73m

Riyadh – Mubasher: Banan Real Estate Company has inked a SAR 73.1 million contract to purchase a commercial building in the Qurtoba district of Riyadh. With an annual income of SAR 6 million, the land area is 6,400 square meters, while the rental …

Mergers and Acquisitions

21 October 2021 10:50 AM Banan Real Estate’s shareholders nod to H1-21 dividends

Riyadh – Mubasher: The shareholders of Banan Real Estate Company have approved the board’s recommendation of distributing a cash dividend of SAR 0.25 per share for the first half (H1) of 2021. The total dividend payout amount stands at SAR 5 …

Cash Dividends

8 September 2021 05:02 PM Banan Real Estate to pay SAR 0.25/shr dividend for H1

Riyadh – Mubasher: Banan Real Estate Company will distribute a cash dividend of SAR 0.25 per share, accounting for 2.5% of the share’s par value, for the first half (H1) of 2021, subject to the general assembly’s approval. The real estate …

Real estate

31 August 2021 04:47 PM Banan Real Estate’s H1-21 profits jump 52.5%

Riyadh – Mubasher: Banan Real Estate Company registered a leap of 52.5% in net profits after Zakat and tax at SAR 12.91 million in the first half (H1) of 2021, compared to SAR 8.46 million in H1-20. Earnings per share rose to SAR 0.65 in H1-21 …

Financial Results