Asas Makeen Real Estate Development and Investment Co. (9640)

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News

20 August 02:52 PM Asas Makeen witnesses 30% profit decline in H1-26; revenue soars to SAR 213m

Riyadh – Mubasher: Asas Makeen Real Estate Development and Investment Company reported a net profit of SAR 40.79 million in the first half (H1) of 2026, representing a 29.65% decline from SAR 57.98 million in H1-25. Earnings per share (EPS) fell …

Real estate

13 July 07:39 PM Asas Makeen signs framework agreement to establish nearly SAR 73.5m investment fund

Riyadh — Mubasher: Asas Makeen Real Estate Development and Investment Company has penned a framework agreement with Middle East Financial Investment Company (Mefic Capital) to establish a private real estate investment fund. Holding a target value …

Companies Investments

12 July 12:15 PM Asas Makeen partners with Bloom Real Estate Fund XII for SAR 132m project

Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company has signed a real estate development agreement with Bloom Real Estate Fund XII, managed by Bloom Investment Saudi Arabia, for a project valued at SAR 131.88 million. The …

Company News

22 June 10:27 AM Asas Makeen renews SAR 350m financing agreement with Al Rajhi Bank

Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company has renewed its Sharia-compliant credit facilities agreement with Al Rajhi Bank at a total value of SAR 350 million, according to a bourse filing.  The company renewed …

Companies Investments

2 June 08:06 PM Tadawul adjusts fluctuation limits for Asas Makeen following bonus share approval

Riyadh – Mubasher: The Saudi Exchange (Tadawul) recently announced that the fluctuation limits for Asas Makeen Real Estate Development and Investment Company had been set based on a share price of SAR 26.64, according to a bourse disclosure. The …

Market News

2 June 06:51 PM Asas Makeen plans 200% capital hike through bonus shares

Riyadh – Mubasher: Asas Makeen Real Estate Development and Investment Company announced that its shareholders ratified increasing the capital by 200% through two bonus shares for every one owned share, according to a bourse disclosure. During the …

Companies Investments

18 March 09:04 AM Asas Makeen pens SAR 63m villas development deal in Riyadh

Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company inked a SAR 63.08 million real estate development agreement with Awa'id Al-Hada Company to develop a residential villas project in Al-Hada district, Riyadh. Asas Makeen …

Real estate

26 January 05:34 PM Asas Makeen to set up SAR 140m private real estate investment fund

Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company has penned a final agreement with Abdulaziz & Saad Al Moajil Trading and Investment Company and Dinar Investment Company. The agreement aims to establish a closed-end …

Companies Investments

30 December 2025 03:46 PM Asas Makeen rolls out SAR 300m construction deal

Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company and Hayat Construction Contracting Company inked a SAR 300 million deal to carry out construction work on several of the company's projects in Riyadh. Spanning 65,000 …

Companies Investments

24 June 2025 09:40 AM Asas Makeen, Kuwait’s Securities House to boost Saudi Arabia’s real estate sector

Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company signed a memorandum of understanding (MoU) with The Securities House, a Kuwaiti public joint stock company listed on Boursa Kuwait. The MoU, signed on 22 June 2025, …

Real estate

16 June 2025 01:59 PM Asas Makeen pens SAR 240m development agreement with NHC

Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company has signed a SAR 240 million agreement with the National Housing Company (NHC). The project aims to develop the Tali’at Al-Mashraqiyah project in eastern Riyadh, …

Companies Investments

12 June 2025 07:56 PM Asas Makeen to float shares on Nomu next week

Riyadh – Mubasher: Asas Makeen Real Estate Development and Investment Company is scheduled to commence listing its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Monday, 16 June 2025. Asas Makeen will float 1 million …

Trading Activities