Al Akaria turns to profit of SAR 15.9 mln in H1 2022, Q2 at SAR 45.3 mln

23/08/2022 Argaam Exclusive

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Saudi Real Estate Co. (Al Akaria) swung to a net profit after Zakat and tax of SAR 15.9 million in the first half of 2022, against a net loss of SAR 13.7 million a year earlier.

Financials (M)

Item	6m 2021	6m 2022	Change‬
Revenues	345.51	869.94	151.8 %
Gross Income	111.20	200.89	80.7 %
Operating Income	11.04	90.17	717.0 %
Net Income	(13.72)	15.86	215.6 %
Average Shares	276.53	375.00	35.6 %
EPS (Riyals)	(0.05)	0.04	185.2 %

Al Akaria reported a surge of 152% year-on-year (YoY) in revenue on selling land plots and residential units during the period. It also reported an increase of SAR 1.4 million YoY in its profit share from an associate on better performance.

On the other hand, general and administrative expenses (G&A) decreased by SAR 1.2 million.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2021	Q2 2022	Change‬
Revenues	162.92	587.80	260.8 %
Gross Income	62.13	133.53	114.9 %
Operating Income	13.91	87.13	526.4 %
Net Income	(9.17)	45.31	594.1 %
Average Shares	276.53	375.00	35.6 %
EPS (Riyals)	(0.03)	0.12	464.3 %

Item	Q1 2022	Q2 2022	Change‬
Revenues	282.14	587.80	108.3 %
Gross Income	67.36	133.53	98.2 %
Operating Income	3.04	87.13	2768.0 %
Net Income	(29.45)	45.31	253.8 %
Average Shares	276.53	375.00	35.6 %
EPS (Riyals)	(0.11)	0.12	213.4 %

In Q2 2022, the company turned to a net profit after Zakat and tax of SAR 45.3 million, versus a net loss of SAR 9.17 million in the corresponding period of 2021, backed by a 261% spike YoY in revenue. G&A fell by SAR 7.8 million.

Al Akaria also recorded a rise of SAR 2.2 million in its profit share from an associate.

The company demonstrated positive performance in Q2, against a net loss of SAR 29.45 million in Q1 2022.

Total shareholders’ equity, after minority interest, jumped 52.58% YoY to SAR 4.517 billion by the end of H1 2022, from SAR 2.960 billion in the year-ago period.

Accumulated losses reached SAR 230 million as of June 30, 2022, representing 6% of the company’s capital.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	63.21	4.3 %	45.69	8.7 %	41.93	11.9 %
Q2 2013	62.73	3.7 %	41.47	3.4 %	35.97	2.2 %
Q3 2013	67.11	(52.5 %)	46.80	(10.5 %)	43.26	(11.1 %)
Q4 2013	65.77	4.6 %	47.44	8.1 %	42.11	4.8 %
2013	258.82	(20.4 %)	181.39	1.7 %	163.27	1.1 %
Q1 2014	63.76	0.9 %	43.68	(4.4 %)	37.26	(11.1 %)
Q2 2014	64.88	3.4 %	45.30	9.2 %	36.65	1.9 %
Q3 2014	68.08	1.5 %	46.94	0.3 %	41.79	(3.4 %)
Q4 2014	144.51	119.7 %	117.48	147.6 %	112.93	168.2 %
2014	341.24	31.8 %	253.40	39.7 %	228.64	40.0 %
Q1 2015	67.20	5.4 %	46.39	6.2 %	39.52	6.1 %
Q2 2015	68.49	5.6 %	46.06	1.7 %	39.79	8.6 %
Q3 2015	70.90	4.1 %	50.09	6.7 %	44.40	6.3 %
Q4 2015	72.30	(50.0 %)	52.38	(55.4 %)	42.02	(62.8 %)
2015	278.89	(18.3 %)	194.92	(23.1 %)	165.73	(27.5 %)
Q1 2016	72.63	8.1 %	50.41	8.7 %	41.41	4.8 %
Q2 2016	74.65	9.0 %	50.42	9.5 %	41.70	4.8 %
Q3 2016	77.67	9.5 %	48.99	(2.2 %)	30.33	(31.7 %)
Q4 2016	89.52	23.8 %	66.52	27.0 %	49.11	16.9 %
2016	314.47	12.8 %	216.40	11.0 %	162.62	(1.9 %)
Q1 2017	78.60	8.2 %	52.38	3.9 %	40.43	(2.4 %)
Q2 2017	78.65	5.4 %	53.06	5.2 %	35.45	(15.0 %)
Q3 2017	80.13	3.2 %	52.47	7.1 %	39.11	28.9 %
Q4 2017	77.63	(13.3 %)	52.01	(21.8 %)	29.01	(40.9 %)
2017	315.01	0.2 %	209.91	(3.0 %)	143.99	(11.5 %)
Q1 2018	80.29	2.2 %	54.12	3.3 %	32.98	(18.4 %)
Q2 2018	83.12	5.7 %	58.50	10.3 %	20.40	(42.5 %)
Q3 2018	69.02	(13.9 %)	36.03	(31.3 %)	4.83	(87.7 %)
Q4 2018	64.14	(17.4 %)	36.56	(29.7 %)	(19.17)	(166.1 %)
2018	296.57	(5.9 %)	185.20	(11.8 %)	39.04	(72.9 %)
Q1 2019	72.41	(9.8 %)	45.36	(16.2 %)	1.44	(95.6 %)
Q2 2019	71.80	(13.6 %)	37.82	(35.3 %)	7.26	(64.4 %)
Q3 2019	87.78	27.2 %	43.54	20.9 %	(1.93)	(139.9 %)
Q4 2019	106.03	65.3 %	44.92	22.8 %	(91.42)	(376.9 %)
2019	338.02	14.0 %	171.63	(7.3 %)	(84.65)	(316.9 %)
Q1 2020	98.12	35.5 %	46.46	2.4 %	5.28	266.9 %
Q2 2020	95.80	33.4 %	38.72	2.4 %	(5.59)	(177.0 %)
Q3 2020	132.48	50.9 %	44.16	1.4 %	(7.91)	(310.4 %)
Q4 2020	227.07	114.2 %	56.12	24.9 %	(68.86)	24.7 %
2020	553.47	63.7 %	185.45	8.1 %	(77.08)	8.9 %
Q1 2021	182.59	86.1 %	49.07	5.6 %	(2.87)	(154.4 %)
Q2 2021	162.92	70.1 %	62.13	60.5 %	13.91	348.7 %
Q3 2021	141.29	6.7 %	45.37	2.7 %	(1.72)	78.3 %
Q4 2021	542.04	138.7 %	190.92	240.2 %	101.00	246.7 %
2021	1,028.84	85.9 %	347.50	87.4 %	110.32	243.1 %
Q1 2022	282.14	54.5 %	67.36	37.3 %	3.04	205.8 %
Q2 2022	587.80	260.8 %	133.53	114.9 %	87.13	526.4 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	325.27	22.9 %	178.33	(0.8 %)	161.47	0.7 %
2013	258.82	(20.4 %)	181.39	1.7 %	163.27	1.1 %
2014	341.24	31.8 %	253.40	39.7 %	228.64	40.0 %
2015	278.89	(18.3 %)	194.92	(23.1 %)	165.73	(27.5 %)
2016	314.47	12.8 %	216.40	11.0 %	162.62	(1.9 %)
2017	315.01	0.2 %	209.91	(3.0 %)	143.99	(11.5 %)
2018	296.57	(5.9 %)	185.20	(11.8 %)	39.04	(72.9 %)
2019	338.02	14.0 %	171.63	(7.3 %)	(84.65)	(316.9 %)
2020	553.47	63.7 %	185.45	8.1 %	(77.08)	8.9 %
2021	1,028.84	85.9 %	347.50	87.4 %	110.32	243.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	42.15	10.4 %	0.15	-	42.15	0.15
Q2 2013	19.27	(48.2 %)	0.07	(17.67)	36.94	0.13
Q3 2013	36.21	(23.3 %)	0.13	(5.89)	42.11	0.15
Q4 2013	58.39	2.9 %	0.21	-	58.39	0.21
2013	156.02	(13.1 %)	0.56	(23.56)	179.58	0.65
Q1 2014	37.47	(11.1 %)	0.14	-	37.47	0.14
Q2 2014	48.03	149.3 %	0.17	-	48.03	0.17
Q3 2014	61.27	69.2 %	0.22	-	61.27	0.22
Q4 2014	132.20	126.4 %	0.48	-	132.20	0.48
2014	276.25	77.1 %	1.00	-	276.25	1.00
Q1 2015	43.12	15.1 %	0.16	-	43.12	0.16
Q2 2015	36.72	(23.5 %)	0.13	-	36.72	0.13
Q3 2015	38.37	(37.4 %)	0.14	-	38.37	0.14
Q4 2015	29.42	(77.7 %)	0.11	-	29.42	0.11
2015	147.63	(46.6 %)	0.53	-	147.63	0.53
Q1 2016	25.59	(40.7 %)	0.09	-	25.59	0.09
Q2 2016	42.75	16.4 %	0.15	(3.15)	45.90	0.17
Q3 2016	36.19	(5.7 %)	0.13	-	36.19	0.13
Q4 2016	(21.76)	(174.0 %)	(0.08)	9.40	(31.16)	(0.11)
2016	73.68	(50.1 %)	0.27	6.25	67.43	0.24
Q1 2017	47.76	86.6 %	0.17	-	47.76	0.17
Q2 2017	20.71	(51.6 %)	0.07	-	20.71	0.07
Q3 2017	21.36	(41.0 %)	0.08	-	21.36	0.08
Q4 2017	39.91	283.4 %	0.14	(15.50)	55.41	0.20
2017	132.48	79.8 %	0.48	(15.50)	147.98	0.54
Q1 2018	44.64	(6.5 %)	0.16	9.53	35.10	0.13
Q2 2018	30.27	46.1 %	0.11	3.04	27.23	0.10
Q3 2018	12.67	(40.7 %)	0.05	-	12.67	0.05
Q4 2018	(270.64)	(778.2 %)	(0.98)	(215.93)	(54.71)	(0.20)
2018	(183.07)	(238.2 %)	(0.66)	(203.36)	20.29	0.07
Q1 2019	18.49	(58.6 %)	0.07	-	18.49	0.07
Q2 2019	21.51	(28.9 %)	0.08	-	21.51	0.08
Q3 2019	8.98	(29.2 %)	0.03	-	8.98	0.03
Q4 2019	(235.33)	13.0 %	(0.85)	(97.51)	(137.82)	(0.50)
2019	(186.35)	(1.8 %)	(0.67)	(97.51)	(88.84)	(0.32)
Q1 2020	(2.91)	(115.7 %)	(0.01)	(1.08)	(1.83)	(0.01)
Q2 2020	(4.65)	(121.6 %)	(0.02)	(3.21)	(1.45)	(0.01)
Q3 2020	(8.01)	(189.3 %)	(0.03)	(6.06)	(1.95)	(0.01)
Q4 2020	(125.17)	46.8 %	(0.45)	(82.77)	(42.40)	(0.15)
2020	(140.74)	24.5 %	(0.51)	(93.11)	(47.63)	(0.17)
Q1 2021	(4.55)	(56.6 %)	(0.02)	3.62	(8.17)	(0.03)
Q2 2021	(9.17)	(97.1 %)	(0.03)	-	(9.17)	(0.03)
Q3 2021	(23.93)	(198.7 %)	(0.09)	-	(23.93)	(0.09)
Q4 2021	92.56	173.9 %	0.33	50.00	42.56	0.15
2021	54.91	139.0 %	0.20	53.62	1.29	0.00
Q1 2022	(29.45)	(547.3 %)	(0.11)	-	(29.45)	(0.11)
Q2 2022	45.31	594.1 %	0.12	-	45.31	0.12

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	179.51	19.9 %	0.65	-	179.51	0.65
2013	156.02	(13.1 %)	0.56	(23.56)	179.58	0.65
2014	276.25	77.1 %	1.00	-	276.25	1.00
2015	147.63	(46.6 %)	0.53	-	147.63	0.53
2016	73.68	(50.1 %)	0.27	6.25	67.43	0.24
2017	132.48	79.8 %	0.48	(15.50)	147.98	0.54
2018	(183.07)	(238.2 %)	(0.66)	(203.36)	20.29	0.07
2019	(186.35)	(1.8 %)	(0.67)	(97.51)	(88.84)	(0.32)
2020	(140.74)	24.5 %	(0.51)	(93.11)	(47.63)	(0.17)
2021	54.91	139.0 %	0.20	53.62	1.29	0.00

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	55.50 %	60.86 %	55.91 %
Q2 2013	55.53 %	62.16 %	55.46 %
Q3 2013	69.48 %	80.40 %	69.53 %
Q4 2013	70.08 %	74.74 %	69.38 %
2013	70.08 %	74.74 %	69.39 %
Q1 2014	69.17 %	72.93 %	67.43 %
Q2 2014	70.06 %	72.62 %	71.12 %
Q3 2014	69.85 %	71.83 %	78.16 %
Q4 2014	74.26 %	75.43 %	81.75 %
2014	74.26 %	75.43 %	80.96 %
Q1 2015	74.30 %	75.34 %	82.57 %
Q2 2015	73.75 %	75.55 %	78.47 %
Q3 2015	74.06 %	75.76 %	71.32 %
Q4 2015	69.89 %	70.12 %	52.93 %
2015	69.89 %	70.11 %	52.93 %
Q1 2016	69.97 %	70.35 %	45.76 %
Q2 2016	69.98 %	68.25 %	47.95 %
Q3 2016	68.02 %	62.69 %	46.12 %
Q4 2016	68.79 %	63.62 %	24.33 %
2016	68.81 %	63.64 %	21.44 %
Q1 2017	68.13 %	62.73 %	30.80 %
Q2 2017	68.10 %	61.80 %	22.65 %
Q3 2017	68.65 %	61.40 %	17.95 %
Q4 2017	66.64 %	61.44 %	46.11 %
2017	66.64 %	61.43 %	46.98 %
Q1 2018	66.83 %	60.05 %	41.86 %
Q2 2018	67.59 %	55.60 %	43.31 %
Q3 2018	64.71 %	48.48 %	42.06 %
Q4 2018	62.45 %	34.38 %	6.84 %
2018	62.45 %	34.38 %	6.84 %
Q1 2019	61.12 %	24.15 %	1.28 %
Q2 2019	56.16 %	18.64 %	(0.73 %)
Q3 2019	55.14 %	21.71 %	(1.94 %)
Q4 2019	50.78 %	(4.90 %)	(26.28 %)
2019	50.78 %	(4.90 %)	(26.28 %)
Q1 2020	47.49 %	(2.50 %)	(30.01 %)
Q2 2020	44.78 %	(2.88 %)	(34.07 %)
Q3 2020	40.30 %	(5.89 %)	(33.08 %)
Q4 2020	33.51 %	0.26 %	(8.61 %)
2020	33.51 %	0.26 %	(8.61 %)
Q1 2021	29.48 %	(1.10 %)	(8.46 %)
Q2 2021	29.99 %	1.64 %	(8.75 %)
Q3 2021	29.79 %	2.42 %	(11.72 %)
Q4 2021	33.78 %	17.95 %	0.13 %
2021	33.78 %	17.95 %	0.13 %
Q1 2022	32.42 %	16.94 %	(1.77 %)
Q2 2022	28.15 %	17.03 %	2.22 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	54.82 %	58.00 %	55.19 %
2013	70.08 %	74.74 %	69.39 %
2014	74.26 %	75.43 %	80.96 %
2015	69.89 %	70.11 %	52.93 %
2016	68.81 %	63.64 %	21.44 %
2017	66.64 %	61.43 %	46.98 %
2018	62.45 %	34.38 %	6.84 %
2019	50.78 %	(4.90 %)	(26.28 %)
2020	33.51 %	0.26 %	(8.61 %)
2021	33.78 %	17.95 %	0.13 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	72.27 %	77.10 %	66.69 %
Q2 2013	66.10 %	68.75 %	58.88 %
Q3 2013	69.73 %	75.15 %	62.74 %
Q4 2013	72.14 %	77.79 %	88.78 %
Q1 2014	68.52 %	69.71 %	58.77 %
Q2 2014	69.81 %	67.64 %	74.02 %
Q3 2014	68.94 %	72.06 %	89.99 %
Q4 2014	81.29 %	83.04 %	91.48 %
Q1 2015	69.03 %	69.56 %	64.16 %
Q2 2015	67.26 %	69.07 %	53.62 %
Q3 2015	70.65 %	73.27 %	54.11 %
Q4 2015	72.44 %	68.53 %	40.69 %
Q1 2016	69.40 %	70.50 %	35.23 %
Q2 2016	67.55 %	61.02 %	61.49 %
Q3 2016	63.07 %	51.57 %	46.59 %
Q4 2016	74.31 %	70.67 %	(34.81 %)
Q1 2017	66.65 %	66.33 %	60.77 %
Q2 2017	67.46 %	57.28 %	26.34 %
Q3 2017	65.48 %	50.23 %	26.66 %
Q4 2017	66.99 %	72.26 %	71.37 %
Q1 2018	67.40 %	60.74 %	43.72 %
Q2 2018	70.37 %	40.24 %	32.76 %
Q3 2018	52.19 %	17.39 %	18.36 %
Q4 2018	57.01 %	12.08 %	(85.30 %)
Q1 2019	62.65 %	22.84 %	25.54 %
Q2 2019	52.67 %	21.45 %	29.95 %
Q3 2019	49.60 %	28.03 %	10.23 %
Q4 2019	42.36 %	(68.95 %)	(129.98 %)
Q1 2020	47.35 %	24.47 %	(1.86 %)
Q2 2020	40.42 %	13.89 %	(1.51 %)
Q3 2020	33.33 %	7.78 %	(1.47 %)
Q4 2020	24.71 %	(20.34 %)	(18.67 %)
Q1 2021	26.88 %	8.51 %	(4.47 %)
Q2 2021	38.13 %	19.57 %	(5.63 %)
Q3 2021	32.11 %	11.37 %	(16.94 %)
Q4 2021	35.22 %	22.36 %	7.85 %
Q1 2022	23.88 %	7.81 %	(10.44 %)
Q2 2022	22.72 %	17.91 %	7.71 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	276.53	0.66	0.66	11.90
Q2 2013	276.53	0.60	0.66	11.77
Q3 2013	276.53	0.56	0.64	11.72
Q4 2013	276.53	0.56	0.65	11.95
Q1 2014	276.53	0.55	0.63	11.92
Q2 2014	276.53	0.65	0.67	12.14
Q3 2014	276.53	0.74	0.74	12.20
Q4 2014	276.53	1.01	1.01	12.51
Q1 2015	276.53	1.03	1.03	12.44
Q2 2015	276.53	0.99	0.99	12.50
Q3 2015	276.53	0.91	0.91	12.33
Q4 2015	276.53	0.53	0.53	12.39
Q1 2016	276.53	0.47	0.47	12.54
Q2 2016	276.53	0.49	0.50	12.58
Q3 2016	276.53	0.48	0.50	12.10
Q4 2016	276.53	0.30	0.28	12.68
Q1 2017	276.53	0.38	0.36	12.78
Q2 2017	276.53	0.30	0.27	12.55
Q3 2017	276.53	0.25	0.21	12.34
Q4 2017	276.53	0.47	0.53	12.54
Q1 2018	276.53	0.46	0.48	12.65
Q2 2018	276.53	0.49	0.50	12.50
Q3 2018	276.53	0.46	0.47	12.52
Q4 2018	276.53	(0.66)	0.07	11.43
Q1 2019	276.53	(0.76)	0.01	11.51
Q2 2019	276.53	(0.79)	(0.01)	11.54
Q3 2019	276.53	(0.80)	(0.02)	11.53
Q4 2019	276.53	(0.67)	(0.32)	10.74
Q1 2020	276.53	(0.75)	(0.39)	10.61
Q2 2020	276.53	(0.85)	(0.48)	10.69
Q3 2020	276.53	(0.91)	(0.52)	10.83
Q4 2020	276.53	(0.51)	(0.17)	10.35
Q1 2021	276.53	(0.51)	(0.20)	10.31
Q2 2021	276.53	(0.53)	(0.22)	10.43
Q3 2021	276.53	(0.59)	(0.30)	10.23
Q4 2021	276.53	0.20	0.00	10.71
Q1 2022	276.53	0.11	(0.07)	10.60
Q2 2022	375.00	0.23	0.09	12.05

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	276.53	0.65	0.65	11.73
2013	276.53	0.56	0.65	11.95
2014	276.53	1.00	1.00	12.51
2015	276.53	0.53	0.53	12.39
2016	276.53	0.27	0.24	12.68
2017	276.53	0.48	0.54	12.54
2018	276.53	(0.66)	0.07	11.43
2019	276.53	(0.67)	(0.32)	10.74
2020	276.53	(0.51)	(0.17)	10.35
2021	276.53	0.20	0.00	10.71

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	30.27	30.27	1.69
Q2 2013	30.99	28.00	1.57
Q3 2013	33.41	28.99	1.59
Q4 2013	36.09	31.35	1.70
Q1 2014	38.39	33.22	1.76
Q2 2014	38.09	36.89	2.04
Q3 2014	37.81	37.81	2.30
Q4 2014	19.50	19.50	1.57
Q1 2015	20.38	20.38	1.69
Q2 2015	22.11	22.11	1.75
Q3 2015	15.10	15.10	1.11
Q4 2015	25.33	25.33	1.09
Q1 2016	23.14	23.14	0.87
Q2 2016	25.82	25.24	1.01
Q3 2016	21.58	21.08	0.86
Q4 2016	52.38	56.66	1.24
Q1 2017	32.25	34.30	0.96
Q2 2017	41.10	46.36	0.98
Q3 2017	48.86	56.69	0.97
Q4 2017	28.10	25.10	1.05
Q1 2018	27.94	26.68	1.01
Q2 2018	38.08	37.27	1.50
Q3 2018	36.00	35.19	1.33
Q4 2018	NEG	More than 100	1.26
Q1 2019	NEG	More than 100	1.33
Q2 2019	NEG	NEG	1.24
Q3 2019	NEG	NEG	1.24
Q4 2019	NEG	NEG	1.50
Q1 2020	NEG	NEG	1.35
Q2 2020	NEG	NEG	1.39
Q3 2020	NEG	NEG	1.66
Q4 2020	NEG	NEG	1.72
Q1 2021	NEG	NEG	2.11
Q2 2021	NEG	NEG	3.01
Q3 2021	NEG	NEG	2.70
Q4 2021	More than 100	More than 100	2.23
Q1 2022	More than 100	NEG	2.35
Q2 2022	59.39	More than 100	1.11

Period	P/E	Adjusted P/E	Price/book
2012	29.55	29.55	1.63
2013	36.09	31.35	1.70
2014	19.69	19.69	1.57
2015	25.33	25.33	1.09
2016	58.84	64.29	1.24
2017	27.51	24.63	1.05
2018	NEG	More than 100	1.26
2019	NEG	NEG	1.50
2020	NEG	NEG	1.72
2021	More than 100	More than 100	2.23

Business Segments (Million)

Compared With The

Period	services segment	Residential sector	The commercial sector	Rents	Other real estate revenues	Maintenance revenues	Sale of Land	Amana Project
Q1 2013	-	-	-	62.66	0.01	0.54	-	-
Q2 2013	-	-	-	62.21	0.12	0.41	-	-
Q3 2013	-	-	-	66.81	0.01	0.30	-	-
Q4 2013	-	-	-	65.17	0.14	0.46	-	-
Q1 2014	-	-	-	63.23	0.02	0.51	-	-
Q2 2014	-	-	-	64.47	0.01	0.40	-	-
Q3 2014	-	-	-	67.32	0.28	0.49	-	-
Q4 2014	-	-	-	67.06	-	0.56	77.15	-
Q1 2015	-	-	-	66.68	0.02	0.51	-	-
Q4 2016	-	113.91	(24.39)	-	-	-	-	-
Q1 2017	-	45.84	32.76	-	-	-	-	-
Q2 2017	-	21.60	57.05	-	-	-	-	-
Q3 2017	-	33.98	46.15	-	-	-	-	-
Q4 2017	-	35.82	41.81	-	-	-	-	-
Q1 2018	-	44.71	35.58	-	-	-	-	-
Q2 2018	-	28.12	55.00	-	-	-	-	-
Q3 2018	-	30.99	37.69	-	-	-	-	-
Q4 2018	-	28.19	36.29	-	-	-	-	-
Q1 2019	-	32.44	39.96	-	-	-	-	-
Q2 2019	-	28.83	42.97	-	-	-	-	-
Q3 2019	-	31.71	56.08	-	-	-	-	-
Q4 2019	36.04	31.58	38.41	-	-	-	-	-
Q1 2020	25.79	33.30	39.04	-	-	-	-	-
Q2 2020	34.03	31.02	30.75	-	-	-	-	-
Q3 2020	65.08	31.51	35.89	-	-	-	-	-
Q4 2020	117.84	34.99	69.82	-	-	-	-	-
Q1 2021	5.31	32.22	145.07	-	-	-	-	-
Q2 2021	5.70	35.59	121.63	-	-	-	-	-
Q4 2021	136.24	235.69	170.12	-	-	-	-	-
Q1 2022	108.10	145.25	28.79	-	-	-	-	-
Q2 2022	197.10	304.01	86.70	-	-	-	-	-

Period	services segment	Residential sector	The commercial sector	Rents	Other real estate revenues	Maintenance revenues	Sale of Land	Amana Project
2012	-	-	-	242.96	0.03	2.29	79.99	-
2013	-	-	-	256.84	0.27	1.71	-	-
2014	-	-	-	262.06	0.06	1.96	77.15	-
2015	-	-	-	277.12	0.08	1.69	-	-
2016	-	198.79	115.68	-	-	-	-	-
2017	-	137.24	177.77	-	-	-	-	-
2018	-	132.01	164.56	-	-	-	-	-
2019	36.04	124.56	177.41	-	-	-	-	-
2020	247.16	130.81	175.49	-	-	-	-	-
2021	428.62	337.62	262.61	-	-	-	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	9,525.00
Enterprise Value (EV) (M)	11,859.54
Shares Outstanding ((M))	375.00
EPS ( Riyal) (TTM)	0.49
Book Value (BV) ( Riyal)	12.79
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
P/E (TTM)	More than 100
Price/book	1.99
Return on Average Assets (%) (TTM)	2.0
Return on Average Equity (%) (TTM)	3.9

Saudi Real Estate Co. (ALAKARIA)

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Al Akaria turns to profit of SAR 15.9 mln in H1 2022, Q2 at SAR 45.3 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2022 Q2

Financial Ratios

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Saudi Real Estate Co. (ALAKARIA)

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Al Akaria turns to profit of SAR 15.9 mln in H1 2022, Q2 at SAR 45.3 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2022

Revenue by Business Segment (Latest) 2022 Q2

Financial Ratios

Share Price

Saudi Real Estate Co. (ALAKARIA)

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Business Segments (Million)