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Al Akaria Posts Higher H1 Attributable Net Profit; Revenue Down

MT Newswires·08/10/2026 09:31:38
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09:31 AM EDT, 08/10/2026 (MT Newswires) -- Saudi Real Estate Co (SASE:4020), d/b/a Al Akaria, said Monday its attributable net profit increased for the first half, while revenue declined year over year. Net profit attributable to shareholders of the issuer for the six months ended June 30 was 579 million Saudi riyals, compared with 229.6 million riyals earlier. EPS moved to 1.54 riyals from 0.61 riyal. The Tadawul-listed real estate developer's revenue was 742.8 million riyals, compared with 1.12 billion riyals a year ago.