{"id":105613,"date":"2026-05-31T12:31:13","date_gmt":"2026-05-31T09:31:13","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=105613"},"modified":"2026-05-31T12:31:14","modified_gmt":"2026-05-31T09:31:14","slug":"%d8%a7%d9%84%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a%d8%a9-%d9%81%d9%8a-%d8%aa%d8%af%d8%a7%d9%88%d9%84-%d8%aa%d9%81%d9%82%d8%af-626-%d9%85%d9%84%d9%8a","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/105613\/","title":{"rendered":"Real estate companies in \u00abTadawul\u00bb lost SAR 626 million of their profits during the first quarter 2026"},"content":{"rendered":"<p class=\"wp-block-paragraph\">At a time when he continues to<strong><a href=\"https:\/\/amlak.net.sa\/en\/83296\/\"> Real estate market<\/a><\/strong> Saudi Arabia's efforts to maintain momentum in economic activity and investment were revealed by the results <strong><a href=\"https:\/\/amlak.net.sa\/en\/101269\/\">Real estate companies<\/a><\/strong> The company, listed in the Real Estate Management and Development sector on \u00abTadawul,\u00bb reported mixed results for the first quarter of 2026, and reveals that the sector as a whole faced pressures that affected profitability and sales, resulting in a weaker performance in the first quarter compared to the same period last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>An Across-the-Board Decline in Profits Despite Strong Performance by Some Companies<\/strong><br>Results from companies in the management and development sector showed <strong><a href=\"https:\/\/amlak.net.sa\/en\/105068\/\">Real estate <\/a><\/strong>The company, listed on the Saudi Main Market, reported a decline in consolidated net income attributable to shareholders during the first quarter of 2026 to approximately 1.42 billion riyals, compared to 2.05 billion riyals during the same period in 2025, representing a decline of 30.56%, a difference of more than 625 million riyals.<br>The quarterly comparison also showed a sharper decline, with consolidated profits falling by 43.65% compared to the fourth quarter of 2025, when the sector\u2019s profits stood at approximately 2.52 billion riyals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u201cReal Estate\u201d Leads the Way in Profits<\/strong><br>The Saudi real estate company topped the list of the most profitable companies during the first quarter of this year, after posting a net profit of 475.7 million riyals, representing exceptional growth of over 251% compared to the same period last year.<br>Dar Al-Arkan came in second place with net profits of 260.24 million riyals, benefiting from year-over-year growth of 24.3%.<br>Sinomi Centers came in third place after posting profits of 202.5 million riyals, despite recording a year-over-year decline of 6.6%.<br>In the following rankings, Makkah Company reported profits of 162.2 million riyals, representing growth of 8.06%, while Taiba Company posted a net profit of 124.8 million riyals, despite a 4.95% year-over-year decline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Pressure on the Results of \u201cJabal Omar\u201d and \u201dRatal\u201d<\/strong><br>In contrast, some companies saw a significant decline in profitability, with Jabal Omar\u2019s net profit falling by 87.6% to approximately 117 million riyals, while Retal\u2019s profits fell by 12.9% to 59.3 million riyals.<br>Overall, 15 listed companies in the sector posted profits during the first quarter of this year, while Knowledge Economic City and Emaar recorded net losses of 15.43 million riyals and 180 million riyals, respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Sales Decline Despite Growth at 10 Companies<\/strong><br>In terms of revenue, the real estate management and development sector recorded a slight decline during the first quarter of 2026, with consolidated sales falling by 4.45% compared to the same period last year.<br>The sector's total revenue amounted to approximately 5.89 billion riyals, compared with 6.16 billion riyals in the first quarter of 2025.<br>This decline occurred despite the fact that ten companies managed to increase their sales during the period; however, the drop in revenue at seven other companies was enough to weigh on the sector\u2019s overall performance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u201cDar Al-Arkan\u201d Tops the Revenue List<\/strong><br>Dar Al-Arkan maintained its position as the top listed real estate company in terms of revenue, after recording sales of 1.16 billion riyals during the first quarter, representing year-over-year growth of 24.8%.<br>Jabal Omar came in second place with revenues of 739.17 million riyals, but recorded a slight decline of 1.1% compared to the same period last year.<br>The Red Sea Company reported revenue of 631.22 million riyals, down 9.9%, while Sinomi Centers\u2019 revenue amounted to approximately 582.5 million riyals, a slight decline of 1.37%.<br>Ratal, meanwhile, posted revenue of 577.4 million riyals, marking year-over-year growth of 1.8%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Weaker quarterly performance for the sector<\/strong><br>When comparing the results for the first quarter of 2026 with those for the fourth quarter of 2025, the pressures become even more apparent, as the sector\u2019s revenue fell by 11.69% from 6.67 billion riyals in the previous quarter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">Minutes<\/span><\/span>As the Saudi real estate market continues its efforts to maintain the momentum of activity and investment, the results of real estate companies listed in the real estate management and development sector in \u00abTadawul\u00bb revealed a mixed picture during the first quarter of 2026, and reveals that the sector as a whole was under pressure reflected in the levels of profitability and sales, ending the first quarter with a lower performance compared to the same period of the year ... <a title=\"Real estate companies in \u00abTadawul\u00bb lost SAR 626 million of their profits during the first quarter 2026\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/105613\/\" aria-label=\"Read more about real estate companies on \u00abTadawul\u00bb losing 626 million riyals in profits during the first quarter of 2026\">Read more<\/a><\/p>","protected":false},"author":27,"featured_media":85967,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[120],"tags":[],"class_list":["post-105613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets"],"acf":{"amlak_post_excerpt":"\u0643\u0634\u0641\u062a 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