Emaar, The Economic City
TTADAWUL:42208.25
SAR
-0.39
(-4.51%)
ISIN
SA000A0KDVM8
Return %
Stock
S&P 500
1Y
-34.47
14.20
3Y
-47.46
81.12
5Y
-69.87
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
SAR
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in mil. unless spec.Quarterly Revenue
SAR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
SAR
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in mil. unless spec.Company Description
- CEO
- Abdulaziz Ibrahim Al-Nowaiser
- Full Time Employees
- 120
- Sector
- Finance
- Industry
- Real estate development
- Address
- 2211 – Hejaz Boulevard Jeddah MC Saudi Arabia 23965-7373
- IPO Date
- Jul 22, 2006
- Website
- kaec.net
- Similar Companies
- Business
- Emaar The Economic City is a Saudi Arabian real estate development company primarily engaged in the development and sale of residential, commercial, retail, and industrial properties within the King Abdullah Economic City (KAEC). Its core products and services include real estate development; sale and lease of land and buildings; infrastructure development; operation of economic zones; and management of key assets such as King Abdullah Port, a major private-sector owned port facility. The company also offers leisure and tourism development with hotel projects and residential communities along the Red Sea coast. It operates multiple residential neighborhoods, industrial zones attracting major international companies like Mars and Pfizer, and educational and healthcare facilities within KAEC. Founded in 2006 and headquartered in Jeddah, Saudi Arabia, Emaar The Economic City targets a diversified portfolio of high-quality real estate assets aligned with Saudi Arabia’s Vision 2030 economic development goals. The company serves a broad customer base including industrial firms, logistics operators, residents, investors, and tourists across Saudi Arabia and the wider Middle East. In the past 1-2 years, Emaar The Economic City has implemented a capital optimization plan involving significant financial restructuring, including a binding loan restructuring agreement with the Saudi Public Investment Fund valued at SR1 billion, aimed at stabilizing operations and supporting growth plans. It has also signed strategic partnerships, such as a memorandum of understanding with SAL Logistics Services to enhance logistics capabilities, and launched new premium residential communities on the Red Sea coast in collaboration with partners like Al Tahaluf. The company’s ongoing expansions involve increasing operational efficiencies in its industrial valley and continued development of residential, commercial, and logistical infrastructure within KAEC, reinforcing its position as a leading integrated city developer in Saudi Arabia. Emaar The Economic City is a publicly listed company on Tadawul under ticker 4220.SR. It plays a pivotal role in the development of KAEC, designed as a multi-zone economic city featuring a seaport, industrial zone, central business district, resorts, and extensive residential neighborhoods, with strategic focus on logistics, non-oil industries, tourism, and quality of life improvements. The company continues to develop infrastructure in alignment with the Saudi government’s initiatives to boost foreign investment, create jobs, and diversify the economy.