1. Saudi Arabia Stocks

  2. •

    Real Estate

  3. •

    Real Estate - Diversified
Banan Real Estate Co.

Banan Real Estate Co.

4324.SR
Banan Real Estate Co.SA flagSaudi Exchange
3.11
SAR
-0.04
- -
622.00MMarket Cap
Banan Real Estate Co.
4324.SR
(Saudi Exchange)

Recent

price

3.11

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
FRC
0.06
0.09
0.3
0.32
0.46
0.37
0.37
Revenue per Share
0.08
0.12
0.14
0.14
0.18
0.17
0.18
Basic EPS, GAAP
0.13
0.08
0.18
0.16
0.37
0.28
0.31
Free Cash Flow per Basic Share
- -
0.02
0.09
0.05
0.09
0.12
0.15
Dividend per Share
1.3
1.47
1.53
1.66
1.75
1.9
1.96
Book Value per Share
1.6
2.45
2.56
2.72
2.84
3.22
3.28
Tangible Book Value per Share
200
200
200
200
200
200
200
Basic Weighted Avg Shares
12
19
59
63
93
74
75
Sales/Revenue/Turnover
65.62
65.86
70.23
69
56.9
70.11
69.12
Operating Margin (%)
2
3
7
8
8
11
11
Depreciation Expense
16
24
28
29
36
34
37
Net Income, GAAP
2.14
3.01
4.47
2.62
2.14
1.72
2.03
Effective Tax Rate (%)
132.1
128.71
47.59
45.32
38.34
46.7
49.51
Profit Margin (%)
4
-23
-34
-9
-4
-14
32
Working Capital
- -
105
65
55
23
167
137
LT Debt
319
490
511
545
568
644
656
Total Equity
- -
2.51
6.35
6.88
8.41
7.14
6.21
Return on Invested Capital (%)
- -
5.67
3.49
3.46
4.36
4.8
4.81
Return on Capital (%)
- -
8.77
9.39
9.01
10.46
9.46
9.82
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
9
15
4
LT Borrowings
129
104
71
LT Finance Leases
65
63
66
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
200
200
200
Market Capitalization
922
716
680

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
39
42
70
Cash, Cash Equivalents & STI
29
28
34
Accounts Receivable, Net
2
4
3
Inventories
- -
- -
- -
Total Current Liabilities
39
55
37
Payables & Accruals
- -
- -
- -
ST Debt
9
15
4
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
16.41%
13.46%
Free Cash Flow
- -
36.46%
-23.95%
Net Income, GAAP
- -
17.21%
-3.2%
Sales/Revenue/Turnover
- -
59.6%
-20.54%
Total Cash Common Dividend
- -
- -
33.99%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
39
20
17
15
93
2025
18
18
19
20
74
2026
19
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.03
0.05
- -
0.18
2025
0.05
0.04
0.04
- -
0.17
2026
0.06
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.01
0.05
- -
0.09
2025
0.01
0.01
0.03
- -
0.12
2026
0.04
- -
- -
- -
- -
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Business
Banan Real Estate Company SJSC operates primarily in the investment and development of income-generating real estate throughout Saudi Arabia. The company specializes in managing and leasing a diverse portfolio of residential and commercial properties, including office buildings, retail spaces, and hotels. Additionally, Banan manages and operates hotel apartments, provides real estate management services on a commission basis, and offers real estate registration services. Founded in 2005 and headquartered in Riyadh, Saudi Arabia, Banan Real Estate serves a broad range of domestic clients in the real estate and hospitality sectors. In the past two years, Banan Real Estate has expanded through strategic acquisitions and partnerships. Notably, in early 2025, the company acquired a 45% stake in Qimam Noshoz Real Estate Development Co., enhancing its development capabilities and portfolio diversification. Furthermore, its subsidiary Al-Aziza Real Estate Development and Investment Co. has been active in acquiring additional stakes to consolidate market presence. Banan has also entered into a significant SAR 224 million contract with Armah Sports Company through Qimam Noshoz, evidencing its expansion into strategic project development. The company has maintained a strategic focus on growth through real estate acquisitions and development projects backed by banking facilities aimed at liquidity and expansion. Recent financial results show stable earnings driven by increased rental revenues and property management services. Banan Real Estate's core business segments include property leasing, real estate development, hotel apartment operations, and real estate registration, supported by a robust investment portfolio valued at over SAR 314 million. The company is publicly listed under the ticker 4324.SR on the Tadawul exchange and continues to leverage partnerships, acquisitions, and project development contracts to strengthen its market position in Saudi Arabia. Its operations primarily focus on the domestic Saudi market, with portfolio management spanning various real estate categories to deliver income-generating assets and services. This comprehensive business model, combined with strategic acquisitions and contractual partnerships, reflects Banan Real Estate Company’s sustained commitment to expanding its footprint in Saudi Arabia’s real estate market and enhancing shareholder value through diversified property and development initiatives.