{"id":108770,"date":"2026-08-15T12:01:47","date_gmt":"2026-08-15T09:01:47","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=108770"},"modified":"2026-08-15T12:01:48","modified_gmt":"2026-08-15T09:01:48","slug":"2-88-%d9%85%d9%84%d9%8a%d8%a7%d8%b1-%d8%b1%d9%8a%d8%a7%d9%84-%d8%a3%d8%b1%d8%a8%d8%a7%d8%ad-%d9%82%d8%b7%d8%a7%d8%b9-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d8%a7%d8%aa-%d8%a8%d9%80%d8%aa%d8%a7","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/108770\/","title":{"rendered":"2.88 billion riyals in profits for the real estate sector on TASI during the first half"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Earnings fell <strong><a href=\"https:\/\/amlak.net.sa\/en\/101269\/\">Real estate companies<\/a><\/strong> Listed in the Real Estate Management and Development sector of the Saudi Stock Exchange (TASI), the company reported revenue of 18.07% during the first half of 2026, totaling approximately 2.875 billion riyals, compared to 3.509 billion riyals during the same period in 2025, a decrease of approximately 634 million riyals, according to the companies\u00ab financial disclosures on \u00bbTadawul.\u00ab. <br>Despite the decline recorded in the first six months, second-quarter results showed greater stability, with consolidated profits for companies in the sector reaching approximately 1.455 billion riyals, compared to 1.462 billion riyals in the same quarter last year, a slight decrease of 0.49%.<br>On a quarterly basis, the sector\u2019s profits rose by 2.36% in the second quarter compared to the first quarter of this year, during which companies reported profits attributable to shareholders of approximately 1.421 billion riyals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u00abCin\u0648\u0645\u064a Centers tops first-half profits<\/strong><br>&quot;Sinomi Centers&quot; topped the list of real estate companies in terms of profits during the first half of 2026, with a net profit of 588.2 million riyals, despite a 14.7% year-over-year decline in profits.<br>&quot;Al-Aqaria&quot; ranked second with profits of 579 million riyals, posting a strong year-over-year increase of 152.2%, making it one of the leading companies that bolstered the sector\u2019s results during the period.<br>&quot;Dar Al-Arkan&quot; ranked third with net profits of 498.97 million riyals, representing an 11.41% increase compared to the first half of last year, while &quot;Makkah&quot; and \u00abJabal Omar\u00bb in fourth and fifth place, with profits of 334.8 million riyals and 275.12 million riyals, respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Relative stability in the second quarter<\/strong><br>At the second-quarter level, the sector maintained a level close to the profits of the same period of the previous year, despite a decline in the profits of 7 companies.<br>Sinomi Centers topped the list of the most profitable companies during the quarter, with a net profit of 385.7 million riyals, down 18.4% year-over-year, However, its profits rose sharply compared to the previous quarter, up 90.47%, after recording approximately 202.5 million riyals in the first quarter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&quot;Dar Al-Arkan&quot; ranked second with profits of 238.74 million riyals, marking a marginal increase of 0.05% year-over-year, followed by \u00abMasar\u00bb with profits of 216.1 million riyals, despite a decline of 8.7%.<br>&quot;Makkah&quot; reported profits of 172.6 million riyals in the second quarter, representing year-over-year growth of 19.7%, while Jabal Omar posted profits of 158.13 million riyals, compared with losses in the same quarter last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u00abEmaar leads the losses<\/strong><br>In contrast, four companies reported losses during the second quarter of this year, led by Emaar with a loss of 22 million riyals, despite a 76.3% year-over-year decrease in its losses.<br>Retal also recorded a loss of 17.2 million riyals during the second quarter, shifting to a loss compared to the same quarter of the previous year.<br>At the half-year mark, the losing companies were limited to just three: Emaar with a loss of 203 million riyals, Knowledge Economic City with a loss of 28.34 million riyals, and Red Sea with a loss of 14.32 million riyals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The results reflect a clear disparity in the performance of companies <strong><a href=\"https:\/\/amlak.net.sa\/en\/108759\/\">Real estate sector<\/a><\/strong>While some companies managed to achieve strong earnings growth during the first half, others faced pressures that led to a decline in their earnings or the posting of losses, which ultimately led to a decline in the sector\u2019s overall profits compared to the first half of 2025. Profits reached 498.97 million riyals, representing year-over-year growth of 11.4%, while \u00abMakkah\u00bb and \u00abJabal Omar\u00bb maintained fourth and fifth place, with profits of 334.8 million riyals and 275.12 million riyals, respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3 companies reporting losses in the first half<\/strong><br>On the other hand, the list of losing companies in the real estate sector during the first half of 2026 was limited to 3 companies.<br>Emaar recorded the largest loss among the sector's companies at approximately 203 million riyals, followed by Knowledge Economic City with a loss of 28.34 million riyals, and then Red Sea with a loss of 14.32 million riyals.<br>The overall results indicate that earnings stability during the second quarter was not sufficient to offset the decline recorded in the first quarter, leaving the sector's performance during the first half below its level in the corresponding period of last year, amid a continued significant divergence among companies in terms of growth rates and profitability.<\/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>Profits for real estate companies listed in the real estate management and development sector on the Saudi Stock Exchange (TASI) fell by 18.07% during the first half of 2026, reaching approximately 2.875 billion riyals, compared to 3.509 billion riyals during the same period in 2025, a decrease of approximately 634 million riyals, according to the companies\u00ab financial disclosures on \u00bbTadawul.\u00ab Despite the decline recorded on a monthly basis \u2026 <a title=\"2.88 billion riyals in profits for the real estate sector on TASI during the first half\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/108770\/\" aria-label=\"Read more about the SAR 2.88 billion profits of the real estate sector in \u00abTASI\u00bb during the first half\">Read more<\/a><\/p>","protected":false},"author":27,"featured_media":33028,"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":[],"amlak_video_sent":"","footnotes":""},"categories":[120],"tags":[],"class_list":["post-108770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets"],"acf":{"amlak_post_excerpt":"\u062a\u0631\u0627\u062c\u0639 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