Knowledge Economic City (4310)

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News

11 November 02:15 PM Knowledge Economic City’s losses shrink 44% in 9M-25; higher revenues generated

Riyadh – Mubasher: Knowledge Economic City reported 43.91% lower net losses at SAR 26.70 million in the first nine months (9M) of 2025, compared to SAR 47.62 million in 9M-24. The loss per share recorded SAR 0.07 in 9M-25, down year-on-year …

Financial Results

26 August 04:35 PM Knowledge Economic City obtains SAR 305m Islamic financing from Riyad Bank

Riyadh - Mubasher: Knowledge Economic City Company has secured a Shariah-compliant financing valued at SAR 305 million from Riyad Bank. The loan aims to fund the completion of the Al-Alya Project’s remaining residential component, according to a …

Companies Investments

11 August 04:40 PM Knowledge Economic City incurs SAR 55m losses in H1-25; revenues leap 912%

Riyadh – Mubasher: Knowledge Economic City suffered 41.99% higher net losses at SAR 54.94 million in the first half (H1) of 2025, compared to SAR 38.69 million in H1-24. The revenues hiked by 912.12% to SAR 112.45 million in H1-25 from SAR 11.11 …

Financial Results

6 July 07:32 PM Knowledge Economic City inks over SAR 399m development, leasing deal

Riyadh - Mubasher: Knowledge Economic City Company inked a SAR 399.32 million development and leasing agreement with Riyadh Schools Holding Company, a subsidiary of Mohammed bin Salman's non-profit foundation (MiSK Foundation). The partnership …

Companies Investments

18 May 12:26 PM Knowledge Economic City posts 578.5% higher sales in Q1-25; accumulated losses reported

Riyadh – Mubasher: Knowledge Economic City reported net losses valued at SAR 17.26 million in the first quarter (Q1) of 2025, an annual increase of 27.07% from SAR 13.58 million. The group generated 578.34% year-on-year (YoY) higher revenues at …

Financial Results

18 March 12:01 PM Knowledge Economic City’s losses plunge 54% in 2024

Riyadh – Mubasher: Knowledge Economic City suffered 54% lower net losses at SAR 20.95 million in 2024, compared to SAR 45.55 million in 2023. Revenues hiked by 137.51% year-on-year (YoY) to SAR 158.80 million at the end of December 2024 from SAR …

Financial Results

24 December 2024 05:53 PM Knowledge Economic City to execute electromechanical works for Hilton Tower

Riyadh – Mubasher: Knowledge Economic City and Alfaneyah Electromechanical Company inked a deal to execute the electromechanical for the Hilton Hotel Tower and the Branded Residences Tower of the company’s HUB project. The parties signed the …

Companies Investments

23 December 2024 06:44 PM Knowledge Economic City inks joint deal for SAR 1bn mixed-use development project

Riyadh – Mubasher: Knowledge Economic City penned a framework agreement, on 22 December 2024, with Sidra Capital and Raseel Properties to establish a closed-ended real estate investment private fund. Under the joint deal, Sidra Capital will act as …

Real estate

9 December 2024 06:40 PM Hilton, Knowledge Economic City to boost hospitality offerings in MEA

Riyadh – Mubasher: Knowledge Economic City and Hilton signed a joint agreement with Al Gharaa International for Real Estate Development to open three hotels in Madinah, according to a press release. The project marks the debut of Hilton’s Home2 …

Companies Investments

5 November 2024 00:18 PM Knowledge Economic City posts 99.5% higher losses in 9M-24

Riyadh – Mubasher: Knowledge Economic City incurred net losses amounting to SAR 47.62 million in the first nine months (9M) of 2024, an annual leap of 99.41% from SAR 23.88 million. The revenues stood at SAR 45.96 million in 9M-24, down 26.81% …

Financial Results

29 July 2024 00:05 PM Knowledge Economic City announces 2 key appointments

Riyadh – Mubasher: Knowledge Economic City named Amin Mohammad Shaker as the Chairman of the board for the coming four years. Majed Helal Al Anazi was announced as the Vice Chairman, according to a bourse disclosure. The two official assumed their …

Board of Directors

28 July 2024 08:50 AM Knowledge Economic City’s losses leap 265% in H1-24

Riyadh – Mubasher: The net losses of Knowledge Economic City hiked by 265.09% to SAR 38.69 million in the first half (H1) of 2024 from SAR 10.59 million in H1-23. The company's revenues stood at SAR 11.11 million in H1-24, down 78.68% year-on-year …

Financial Results

19 May 2024 00:05 PM Knowledge Economic City sees 49.5% higher losses in Q1-24; accumulated losses unveiled

Riyadh – Mubasher: Knowledge Economic City reported net losses amounting to SAR 13.58 million in the first quarter (Q1) of 2024, an annual leap of 49.56% from SAR 9.08 million. Revenues hit SAR 7.51 million in January-March 2024, lower by 58.35% …

Financial Results

14 April 2024 08:20 PM Knowledge Economic City inks nearly SAR 289m deals with Elkhereiji for Al Alya project

Riyadh – Mubasher: Knowledge Economic City announced signing two contracts with Elkhereiji Commerce and Contracting Company for Al Alya project at a combined value of SAR 288.60 million. The two deals were awarded and signed on 4 April 2024, …

Companies Investments

19 March 2024 11:29 AM Knowledge Economic City’s net loss deepens 135% YoY in 2023

Riyadh – Mubasher: Knowledge Economic City’s net loss soared 134.96% year-on-year (YoY) to SAR 45.55 million in 2023 from SAR 19.38 million. Revenues jumped 17.95% YoY to SAR 66.86 million last year from SAR 56.68 million, according to the annual …

Financial Results

26 February 2024 00:09 PM Knowledge Economic City inks hotel management agreements with Hyatt International

Riyadh – Mubasher: Knowledge Economic City has signed agreements with Hyatt International for the management and operation of hotel facilities and the provision of consultancy services in exchange for a share in the facilities’ operating revenues. …

Companies Investments

6 November 2023 03:35 PM Knowledge Economic City announces 9M-23 financials; accumulated losses hit SAR 360m

Riyadh – Mubasher: The net losses after Zakat and tax of Knowledge Economic City widened by 122.41% to SAR 23.88 million in the first nine months (9M) of 2023 from SAR 10.73 million in 9M-22. Revenues hiked by 58.69% to SAR 62.80 million as of 30 …

Financial Results

19 October 2023 03:33 PM Knowledge Economic City pens $790m deals

Riyadh – Mubasher: Knowledge Economic City signed three agreements with China Gezhouba International Engineering Group Company for a project at an initial value of $970 million. A total of $400 million will be invested in the Al Alya project, …

Companies Investments

19 September 2023 09:04 AM Knowledge Economic City, Halwani Bros secure credit facility from Al Rajhi Bank

Riyadh – Mubasher: Knowledge Economic City and Halwani Bros Company secured loans at a combined value of SAR 353 million from Al Rajhi Bank on 17 September 2023, according to bourse disclosures. Knowledge Economic City will use the investment to …

Companies Investments

15 August 2023 00:52 PM Knowledge Economic City’s net losses narrow in H1-23; accumulated losses disclosed

Riyadh – Mubasher: Knowledge Economic City posted net losses after Zakat and tax worth SAR 10.59 million in the first half (H1) of 2023, lower by 31.03% than SAR 15.36 million in H1-22. The loss per share edged down to 0.03% in H1-23 from SAR 0.04 …

Financial Results

22 June 2023 01:00 PM Knowledge Economic City inks SAR 506.5m agreement

Riyadh – Mubasher: Knowledge Economic City and Alsaad General Contracting Company signed a contract at a value of SAR 506.60 million on 21 June, according to a bourse filing. The deal covers the execution of the electromechanical and finishes …

Companies Investments

19 June 2023 03:36 PM Knowledge Economic City pens over SAR 65m development deal

Riyadh – Mubasher: Knowledge Economic City inked a SAR 65.25 million construction contract for the skeleton of residential buildings in the first phase of the Al Alya Project on 18 June. The mixed-use project holds a 14-month duration period that …

Companies Investments

23 May 2023 08:36 AM Knowledge Economic City’s losses deepen 35% in Q1-23

Riyadh – Mubasher: The net losses after Zakat and tax of Knowledge Economic City widened by 34.97% to SAR 9.08 million in the first quarter (Q1) of 2023, compared to SAR 6.72 million in Q1-22. The company generated revenues amounting to SAR 18.05 …

Financial Results

29 March 2023 02:08 PM Knowledge Economic City posts lower net losses in 2022

Riyadh – Mubasher: Knowledge Economic City reported net losses after Zakat and tax worth SAR 19.38 million in 2022, lower by 12.22% year-on-year (YoY) than SAR 22.08 million. Revenues increased by 33.52% to SAR 56.68 million last year from SAR …

Financial Results

30 November 2022 05:26 PM Savola Group sells shares in Knowledge Economic City to Taiba Investment

Riyadh – Mubasher: Savola Group inked an agreement to sell its entire shares in Knowledge Economic City and Knowledge Economic City Developers Company Limited to Taiba Investment Company for SAR 459.26 million. The General Authority for …

Companies Investments