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15 May 10:31 AM

Real Estate

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13 May 08:36 AM Al Akaria’s net profits skyrocket 252% in Q1-26
Riyadh - Mubasher: Saudi Real Estate Company (Al Akaria) recorded 251.84% year-on-year (YoY) higher net profits attributable to the shareholders at SAR 475.70 million in the first quarter (Q1) of 2026, compared to SAR 135.20 million. The revenues …
Company News
Photo Archive
12 May 05:29 PM Sumou Real Estate’s net profits leap in Q1-26; sales reach SAR 185.5m
Riyadh - Mubasher: Sumou Real Estate Company logged net profits attributable to the shareholders amounting to SAR 35.62 million in the first quarter (Q1) of 2026. The registered net profits were higher by 59.30% year-on-year (YoY) than SAR 22.36 …
Financial Results
Photo Archive
12 May 04:23 PM Alandalus Property turns into profitability in Q1-26; revenues jump over 25.5%
Riyadh - Mubasher: Alandalus Property Company turned profitable at SAR 1.77 million in the first quarter (Q1) of 2026, compared to net losses of SAR 830,000 in Q1-25. The revenues climbed by 25.61% year-on-year (YoY) to SAR 70.86 million in Q1-26 …
Real estate
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10 May 06:05 PM Makkah Construction’s net sales jump to SAR 251.5m in Q1-26
Riyadh - Mubasher: Makkah Construction and Development Company achieved SAR 162.20 million in net profit attributable to the shareholders during the first quarter (Q1) of 2026. The quarterly profits were higher by 8.06% year-on-year (YoY) than SAR …
Financial Results
Dar Al Arkan Real Estate Development Company
6 May 10:33 PM Dar Al Arkan records over SAR 1bn revenue in Q1-26 amid higher net profit
Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company achieved an annual growth of 24.31% in net profit to SAR 260.24 million during the first quarter (Q1) of 2026 when compared to SAR 209.34 million. The earnings per share (EPS) rose to …
Company News
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6 May 01:00 PM Retal’s profits exceed SAR 59m in Q1-26; revenues up 2%
Riyadh - Mubasher: The net profits attributable to the shareholders of Retal Urban Development Company amounted to SAR 59.30 million in the first quarter (Q1) of 2026. The registered earnings were lower by 12.92% year-on-year (YoY) than SAR 68.10 …
Financial Results
Jabal Omar
6 May 09:29 AM Jabal Omar records lower profits in Q1-26 amid regional escalation, transport disruption
Riyadh - Mubasher: The net profits attributable to the shareholders of Jabal Omar Development Company plunged by 87.63% to SAR 116.99 million in the first quarter (Q1) of 2026, versus SAR 945.94 million in Q1-25. Similarly, the revenues fell by …
Company News
Riyadh Development
4 May 02:58 PM Riyadh Development’s profits leap 20% in Q1-26 preliminary results; revenues near SAR 104m
Riyadh - Mubasher: The net profits attributable to the shareholders of Riyadh Development Company climbed by 19.99% to SAR 50.48 million in the first quarter (Q1) of 2026 from SAR 296.20 million in Q1-25. The group posted 49.39% year-on-year (YoY) …
Company News
Umm Al Qura
3 May 12:48 PM Umm Al Qura logs SAR 45m net profits in Q1-26 interim financials
Riyadh – Mubasher: Umm Al Qura for Development and Construction Company posted 71.85% year-on-year (YoY) lower net profits after tax valued at SAR 44.93 million in the first quarter (Q1) of 2026. The registered profits were compared with SAR …
Company News
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29 April 10:37 PM Kuwait’s projects total value in Q1-26 reflects highest quarterly level since early 2021 – Kamco Invest
Mubasher: The total value of annual projects awarded in Kuwait during the first quarter (Q1) of 2026 reached the highest quarterly level in more than 21 quarters, since Q1-21, according to the market update report by Kamco Invest. The overall …
Global Economy
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29 April 10:15 PM Transport sector comprises largest share of Q1-26 new project awards in UAE – Kamco Invest
UAE – Mubasher: The total value of projects awarded in the UAE during the first quarter (Q1) of 2026 declined by 18.5% or nearly $6.6 billion to reach $29.2 billion compared to $35.8 billion in Q1-25, Kamco Invest said in its latest market update …
Macroeconomics
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27 April 08:54 AM Hassan Allam, Al Bawani Holding’s JV awarded $490m development project in Diriyah
Mubasher: A venture between Hassan Allam Construction and Al Bawani Company has been awarded a $490 million contract (SAR 1.84 billion) to construct the Saudi Arabia Museum of Contemporary Art (SAMoCA) for Diriyah Company. With a total gross floor …
Real estate
al rajhi capital
27 April 08:29 AM al rajhi capital, S&P Global launch Saudi construction index in Middle East
Riyadh – Mubasher: alrajhi capital, a company licensed by the Capital Market Authority (CMA), partnered with S&P Global to launch the alrajhi capital Saudi Construction Index in the Middle East. Operated by the Market Intelligence division within …
Real estate
Photo Archive
26 April 05:17 PM BAAN Holding unveils SAR 418m asset acquisitions through share issuances
Riyadh - Mubasher: The extraordinary general meeting (EGM) of BAAN Holding Group Company approved two major asset acquisition deals with a combined value of approximately SAR 418 million on 23 April 2026. The approved transactions will be financed …
Real estate
Photo Archive
26 April 02:51 PM Alramz Real Estate, SNB Capital launch development fund in Riyadh
Riyadh - Mubasher: Alramz Real Estate Company has inked an agreement with SNB Capital to establish a Sharia-compliant real estate investment fund for the development of its Ramz Al Raed residential project in Riyadh’s Al Raed district. The fund …
Real estate
Photo Archive
26 April 12:55 PM Jabal Omar receives license to operate 3rd Rotana Hotel tower
Riyadh - Mubasher: Jabal Omar Development Company has received a license from the Ministry of Tourism to operate the third and final tower of the Rotana Hotel. This move is part of phase four of the Jabal Omar project, according to a bourse …
Real estate
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22 April 05:11 PM Riyadh Development exits real estate fund for nearly SAR 184.5m in deal with Sumou
Riyadh - Mubasher: Riyadh Development Company has signed an agreement to sell all its units in the Al Arabi Riyadh Development Real Estate Fund to Sumou Holding Company for a total value of SAR 184.47 million. The transaction will be paid …
Trading Activities
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22 April 10:56 AM CGS awarded EUR 7m contract for project in Kuwait
Riyadh - Mubasher: Consolidated Grünenfelder Saady Holding Company (CGS) has secured a EUR 6.78 million award from S2 Company for Management and Development of Lands and Real Estate. The scope of work includes the development of the WH-01 18K …
Real estate
Aldar
19 April 09:24 AM Aldar secures AED 5bn sustainability-linked facility backed by regional, int'l lenders
Abu Dhabi – Mubasher: Aldar Properties has closed an AED 5 billion ($1.36 billion) five-year syndicated sustainability-linked revolving credit facility (RCF), according to a press release. The transaction witnessed the participation of 10 major …
Company News
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19 April 08:44 AM Dar Global secures $250m facility from Emirates NBD to back global expansions
Dubai - Mubasher: Emirates NBD has executed a $250 million syndicated term loan for London-listed luxury international real estate developer Dar Global, according to a press release. Dar Global, which is majority owned by Dar Al Arkan Real Estate …
Companies Investments
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15 April 06:09 PM Al Akaria pens SAR 50m contract with subsidiary Mumtalakat
Riyadh - Mubasher: Saudi Real Estate Company (Al Akaria) has inked an integrated facilities management services contract valued at SAR 50.11 million with its 60%-owned subsidiary, Saudi-Korean Company for Maintenance and Properties Management …
Company News
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15 April 05:20 PM Ladun signs MoU with Asbar Capital for SAR 250m development project
Riyadh - Mubasher: Ladun Investment Company has inked a memorandum of understanding (MoU) with Asbar Capital Company to implement a mixed-use real estate development in Riyadh’s Sports Boulevard, Al Munsiyah District. Ladun will serve as the …
Company News
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15 April 01:06 PM Tam Development appoints Al Mutrafi as new CEO
Riyadh - Mubasher: Tam Development Company announced Firas bin Ghazi bin Ibrahim Al Mutrafi as the new CEO, effective 15 April 2026. This appointment follows the resignation of the former CEO Abdullah Anwar Mohammed Yousef on 14 April, according …
Management Decisions
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14 April 11:30 AM Academy of Learning’s unit inks SAR 332m lease deal for Riyadh school complex
Riyadh - Mubasher: Learning Private Schools Company, a subsidiary of Academy of Learning Company, has signed a long-term investment lease agreement valued at SAR 332.44 million to operate an educational complex in Riyadh. The deal marks the …
Company News
Photo Archive
7 April 03:40 PM A Capital’s unit secures franchise deal to expand globally
Cairo - Mubasher: Porto International Investment, a subsidiary of A Capital Holding, has signed a development and master franchise agreement with Italian company La Burrateria. The deal includes establishing a factory for cheese production …
Global Economy