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Emaar The Economic City JSC (Saudi Arabia)

Main Activities: Other Financial Investment Activities | Lessors of Real Estate
Full name: Emaar The Economic City JSC Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Emaar, The Economic City (EEC) is a Saudi Arabian company incorporated in 2006 to act as the master developer of King Abdullah Economic City (KAEC), located some 90 kilometers north of Jeddah, on the Red Sea coast. EEC is a consortium led by UAE Emaar Properties PJSC and high-profile investors from Saudi Arabia. It provides basic services, marketing and sale of the subdivided lands within KAEC, transfer of ownership or leasing of lands, development of buildings and residential units and master planning of the districts within the economic zone. King Abdullah Economic City consists of port, industrial district, resort, educational zone, residential district and financial island.

Headquarters
Hejaz Boulevard Bay La Sun Jeddah, King Abdullah Economic City, P.O.Box 7682
Jeddah; Mecca Region; Postal Code: 21482

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Website: http://www.kaec.net

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
2006
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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25%
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11.912%
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7.059%
Subsidiaries
Economic City Investments Company Limited (Ecic)
Economic City Pioneer Real Estate Management Company Limited (Rem)
Economic City Real Estate Development Company Limited (Red)
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net sales revenue
308.23%
Total operating revenue
266.5%
Operating profit (EBIT)
N/A
EBITDA
N/A
Net Profit (Loss) for the Period
92.18%
Total assets
3.51%
Total equity
-9.04%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
270.87%
Return on Equity (ROE)
7.88%
Debt to Equity Ratio
17.27%
Quick Ratio
-0.03%
Cash Ratio
0.01%

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