Saudi Real Estate Company

Equities

4020

SA0007870047

Real Estate Development & Operations

End-of-day quote Saudi Arabian S.E. Other stock markets 06:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
21.96 ^SAR	-0.18%		-2.40%	+37.77%

Apr. 02	Saudi Arabia's Ladun Investment Unit to Conduct Works on Security Building in Riyadh	MT
Apr. 02	Al-Akaria Unit Signs Metro-Box Excavation Contract with Diriyah Gate	MT

Saudi Real Estate Company Reports Earnings Results for the Second Quarter Ended June 30, 2023

August 14, 2023

Saudi Real Estate Company reported earnings results for the second quarter ended June 30, 2023. For the second quarter, the company reported sales was SAR 355.47 million compared to SAR 587.8 million a year ago. Net loss was SAR 82.52 million compared to net income of SAR 45.31 million a year ago.

Latest news about Saudi Real Estate Company

Saudi Arabia's Ladun Investment Unit to Conduct Works on Security Building in Riyadh	Apr. 02	MT
Al-Akaria Unit Signs Metro-Box Excavation Contract with Diriyah Gate	Apr. 02	MT
Correction: Al-Akaria Unit Signs SAR160 Million Contract for Tilal Al Riyadh Project in Saudi Arabia	Apr. 02	MT
Al-Akaria Unit Signs SAR159 Million Contract for Tilal Al Riyadh Project in Saudi Arabia	Apr. 02	MT
Saudi Real Estate Co. Announces the Signing of Contract with M/s Saudi Real Estate Construction Company to Implement the Works of the Tilal Al Riyadh Mixed-Use Project in Al-Malqa District	Apr. 02	CI
View United Real Estate Development's FY23 Profit, Sales Improve	Mar. 27	MT
Saudi Real Estate Company Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 11	CI
Saudi Real Estate Posts Lower FY23 Net Profit, Revenue	Mar. 04	MT
Saudi Real Estate Co. Announces the Signing of Contract with the Royal Commission for AlUla and AlUla Development	Feb. 25	CI
Saudi Real Estate Company Announces Hospitality Management Agreement Sign-Off with Marriott International to Brand, Manage and Operate A Hotel in Al-Aqeeq Project Site in Riyadh City	Feb. 21	CI
Saudi Real Estate Co. Announces the Signing of a Contract for the Execution of the Residential Complex (Fai Sedra 1) in Sedra Neighborhood - Roshn in Riyadh with Rezaik Abdallah Algedrawy Company	Dec. 21	CI
Saudi Real Estate Co. Announces the Award of Contract for the Implementation of Excavation for Metro-Box Central, Metro-Box South and Metro-Box East and Related Works with the Diriyah Gate Company Limited	Dec. 20	CI
Saudi Real Estate Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 02	CI
Saudi Real Estate Company Reports Earnings Results for the Second Quarter Ended June 30, 2023	23-08-14	CI
Saudi Real Estate Company Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-24	CI
Saudi Real Estate Company Reports Earnings Results for the Full Year Ended December 31, 2022	23-04-08	CI
Saudi Real Estate Company Announces Purchase A Land Parcel with A Development Obligation Amounting SAR 323,667,450	22-12-12	CI
Investcorp plans Saudi real estate deal before year-end	22-11-17	RE
Saudi Real Estate Company Reports Earnings Results for the Third Quarter Ended September 30, 2022	22-11-15	CI
Saudi Real Estate Company Incorporates A Newly Established Limited Liability Company, Hodoud Real Estate Investment	22-10-26	CI
Saudi Real Estate Co. Announces Contract Sign Off with First Nile Construction Company for Execution of Excavation Works and Hoarding for AI Yamamah Residential Compound in Riyadh	22-10-11	CI
Saudi Arabia's SRC extends mortgage benchmark maturity to 30 years	22-10-03	RE
Saudi Real Estate Refinance Co aims to raise around $800 mln via domestic sukuk - CEO	22-09-06	RE
Saudi Real Estate Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-28	CI
Saudi Real Estate Company Announces the Payment of Riyad Bank Loan	22-06-28	CI

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Company Profile

Saudi Real Estate Company SJSC is a Saudi Arabia-based Real estate company. The Companyâs activities include the ownership of land suitable for construction and development, construction of residential and commercial buildings, for the purpose of selling or leasing out and providing project management services, purchase, production, necessary materials and equipment for construction and all related works. The Company operates in following segments: Residential sector, Commercial sector, Service sector and Head office. The Companies subsidiary companies include Saudi Real Estate Construction Company, Saudi Real Estate Infrastructure Company, Saudi Korean Company for Maintenance and Properties Management, Al Widyan Saudi Real State Company, and Alinma Alakaria Real Estate Fund.

Sector

Real Estate Development & Operations

Calendar

2024-05-20 - Q1 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

21.96 SAR

Average target price

22.5 SAR

Spread / Average Target

+2.46%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Real Estate Development & Operations

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Other Real Estate Development & Operations