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 fell by 49.08% to SAR 319.80 million in Q1-26 from SAR 628.10 million a year earlier, according to the interim financial results.

Earnings per share (EPS) climbed to SAR 1.27 as of 31 March 2026 from SAR 0.36 in Q1-25.

Quarterly, the net profits surged by 1,636% from SAR 27.40 million in Q4-25, while the sales fell by 9.48% from SAR 353.30 million.

Last February, Al Akaria leased the Al Reef Residential Compound for SAR 1.19 billion.