Mohlel Financal

Emaar The Economic City

Trading Name: EMAAR EC

Trading Number: 4220

Commercial Sector: Real Estate Mgmt and Dev't

Close price

8.06 SAR

Market Value

9,134.66 (Million)

Paid Capital

11333.33 Million SAR

Multiplier of the book value

1.250

Earnings per share

-0.802

PE

Next distribution date

Last distribution date

Yearly distribution percent

Issued shares

1,133.33 (Million)

52 Weeks change

HIGHEST

11.82

LOWEST

7.17

Performance

START OF YEAR

8.41

YEAR AGO

12.04

3 YEARS AGO

9.70

There is no data to display

About Company

COMPANY OVERVIEW

Develop property, reclaimed lands & other types of land in the special economic zone or elsewhere for multiple use or other development operations, including infrastructure facilities. Also, to promote, market & sell plots of lands under the companys ownership for development services or 3rd party ownership. In addition, to let plots of lands & undertake other development operations of buildings, residential units, constructions for 3rd partys lands & the development of economic areas & marine ports.

COMPANY HISTORY

Emaar the Economic City (Emaar EC) was approved for incorporation by the Ministry of Commerce and Industry vide Ministerial Resolution No. 609 dated May 13, 2006, Emaar EC has a share capital of SR8.5 billion consisting of 850 million shares of nominal value SR10 each. Shares worth SR2.55 billion were offered for public subscription.Emaar EC leads the master-planning and development of King Abdullah Economic City (KAEC), a project being built on a pristine location off the Red Sea in the north of Jeddah. SAGIA (Saudi Arabian General Investment Authority), the body responsible for inward investments into the Kingdom, is the prime facilitator for KAEC.KAEC, a New Age City being built today for tomorrows generation of Saudi citizens, has six components sea port, industrial district, educational zone, central business district with commercial, mixed-use, retail outlets and financial island, resorts and residential area.The mega-project works closely with the Kingdoms on-going drive to expand the economy create employment opportunities for its youthful population .