Saudi Real Estate Co (4020)

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News

11 August 10:43 AM Al Akaria posts higher profits at SAR 579m in H1-26

Riyadh - Mubasher: Saudi Real Estate Company (Al Akaria) reported a net profit of SAR 579 million for the first half (H1) of 2026, an annual leap of 152.18% from SAR 229.60 million. The surge in profitability was primarily attributed to a SAR 640 …

Real estate

10 August 11:39 AM Al Akaria terminates partnership agreement with Al Tahaluf Real Estate

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) announced the termination of its partnership agreement with Al Tahaluf Real Estate, effective 6 August 2026. The agreement, originally signed on 24 May 2023, was intended for the development …

Company News

23 July 08:02 AM Al Akaria clarifies timeline for Al Arid land restriction removal

Riyadh – Mubasher: The Saudi Real Estate Company (Al Akaria) issued a follow-up disclosure regarding the lifting of a suspension on a major land asset located in the Al Arid district of northern Riyadh. The company clarified that it officially …

Real estate

14 July 08:57 AM Al Akaria regains control over SAR 98.5m Riyadh land plot

Riyadh – Mubasher: The Saudi Real Estate Company (Al Akaria) announced on Tuesday that authorities have lifted the suspension on a major land plot in North Riyadh with a book value of SAR 98.40 million. The 30,000 square meter site is located in …

Company News

30 June 06:52 PM Al Akaria shareholders approve financial reports, board remuneration

Riyadh – Mubasher: The Saudi Real Estate Company (Al Akaria) held its Ordinary General Assembly meeting on 29 June 2025, where shareholders approved the company’s financial statements, board of directors' reports, and the discharge of board …

Management Decisions

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 …

Financial Results

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 …

Real estate

19 February 04:31 PM Al Akaria rolls out SAR 1.1bn lease deal

Riyadh - Mubasher: Saudi Real Estate Company (Al Akaria) leased the Al Reef Residential Compound for a total value of SAR 1.19 billion on 18 February 2026, according to a bourse filing. Located in the Diplomatic Quarter in Riyadh, the compound …

Companies Investments

25 January 06:51 PM Al Akaria names Abu Dawood as new CEO

Riyadh - Mubasher: Saudi Real Estate Company (Al Akaria) appointed Abdullah bin Sulaiman Abu Dawood as its CEO as of 5 April 2026. The board approved the resolution on 24 January 2026, according to a bourse filing. Abu Dawood brings over 25 years …

Management Decisions

11 January 11:51 AM Al Akaria’s unit pens SAR 550m facility deal with Alinma Bank

Riyadh – Mubasher: Saudi Real Estate Company for Infrastructure (Binyah), a subsidiary of Saudi Real Estate Company (Al Akaria), inked a SAR 550 million Shariah-compliant credit facilities agreement with Alinma Bank. The one-year renewable …

Companies Investments

23 November 2025 10:47 AM Al Akaria pens deal to execute Binyah’s project

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) signed a framework agreement with Expo 2030 Riyadh Company on 20 November 2025, according to a bourse filing. Al Akaria will execute the Early Works for the Expo 2030 Riyadh project through …

Companies Investments

11 November 2025 05:56 PM Al Akaria sees 898% higher profits in 9M-25

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) posted net profits amounting to SAR 268.50 million in the first nine months (9M) of 2025, higher by 898.14% than SAR 26.90 million in 9M-24. The earnings per share (EPS) hit SAR 0.72 as of …

Real estate

19 October 2025 06:25 PM Al Akaria awards SAR 764m construction agreements for Riyadh projects

Riyadh - Mubasher: Saudi Real Estate Company (Al Akaria) has awarded two contracts worth a combined value of SAR 763.78 million on 15 October for projects in Riyadh. The company awarded a SAR 338.78 million contract to Saudi Real Estate …

Companies Investments

13 August 2025 04:36 PM Al Akaria turns profitable in H1-25; sales cross SAR 1.1bn

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) shifted to net profits valued at SAR 229.60 million in the first half (H1) of 2025, against net losses of SAR 11.30 million in H1-24. The Tadawul-listed company posted a 37.93% year-on-year …

Financial Results

18 May 2025 00:15 PM Al Akaria’s profits skyrocket 4,562% in Q1-25

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) recorded net profits valued at SAR 135.20 million in the first quarter (Q1) of 2025, an annual leap of 4,562% from SAR 2.90 million. The revenues climbed by 46.88% year-on-year (YoY) to SAR …

Financial Results

19 March 2025 01:39 PM Al Akaria sees 218% higher profits in 2024

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) registered 218.19% year-on-year (YoY) higher net profits at SAR 215.10 million during 2024, compared to SAR 67.60 million. The revenues reached SAR 1.98 billion last year, up 9.56% from SAR …

Financial Results

31 December 2024 03:08 PM Al Akaria’s unit to increase capital by SAR 250m

Riyadh – Mubasher: Saudi Real Estate Infrastructure Company (Binyah), a 60%-owned subsidiary of Saudi Real Estate Company (Al Akaria) will raise its capital to SAR 300 million from SAR 50 million. The subsidiary will capitalise SAR 250 million …

Management Decisions

29 December 2024 06:07 PM Al Akaria sells 17 land plots for SAR 145m

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) sold 17 land plots with a total area of 43,290 square metres within the Al Dhahia Project, according to a bourse disclosure. The transaction was implemented through an electronic public …

Real estate

5 November 2024 02:47 PM Al Akaria records positive performance in 9M-24 financial results

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) turned profitable at SAR 26.90 million in the first nine months (9M) of 2024, against net losses worth SAR 89.30 million in 9M-23. Revenues hit SAR 1.24 billion in 9M-24, up 9.30% …

Real estate

3 September 2024 00:09 PM Al Akaria’s unit Binyah to carry out over SAR 660m project for Riyadh authority

Riyadh – Mubasher: Saudi Real Estate Company unveiled that its 60%-owned subsidiary Saudi Real Estate Infrastructure Company (Binyah) won a project for the Royal Commission for Riyadh City on 28 August 2024. Under the SAR 660.35 million deal, …

Real estate

8 August 2024 02:40 PM Al Akaria’s losses shrink in H1-24 initial results

Riyadh – Mubasher: The net losses of Saudi Real Estate Company (Al Akaria) dropped by 84.66% year-on-year (YoY) to SAR 11.30 million in the first half (H1) of 2024, compared to SAR 73.70 million. The revenues amounted to SAR 809.90 million in …

Real estate

28 May 2024 01:12 PM Al Akaria’s board accepts CEO's resignation

Riyadh – Mubasher: The board of Saudi Real Estate Company (Al Akaria) has accepted the resignation of Ibrahim bin Mohamed Alalwan from his position as CEO and Managing Director. The resignation, dated 27 May 2024, was ascribed to personal reasons, …

Corporate Actions

12 May 2024 00:31 PM Al Akaria’s Binyah pens SAR 532m agreement for excavation works

Riyadh – Mubasher: Saudi Real Estate Infrastructure Company (Binyah), a subsidiary of Saudi Real Estate Company (Al Akaria), has signed an agreement with Diriyah Gate Company Limited (DGCL). The SAR 532.05 million agreement includes the …

Companies Investments

7 May 2024 09:11 AM Al Akaria reports plunge in Q1-24 net profits, accumulated losses

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) witnessed 67.41% year-on-year (YoY) lower net profits at SAR 2.90 million in the first quarter (Q1) of 2024, compared to SAR 8.90 million. The Saudi firm posted revenues amounting to SAR …

Real estate

28 April 2024 11:04 AM Al Akaria, Arriyadh Development partner to build educational complex

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has entered into an agreement to establish a special purpose company with Arriyadh Development Company and Riyadh Holding Company. Under the agreement, the three companies will develop an …

Real estate