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- Commercial Bank successfully issues QR500m bonds
- PIF embraces 'precision finance' with diversified debt strategy, says Global SWF
- Trade volume with Saudi Arabia up 65% to QR4.9 billion: Qatar Chamber
- Dukhan Bank named 'Qatar's Best Bank for Consumers'
- Qatar Stock Exchange index at its best weekly performance since Oct 2023: Financial expert
- Dollar hits lows amid central bank independence concerns
- UAE growth forecast for 2025 and 2026 lowered by Central Bank
- Mepco unit breaks ground on tissue manufacturing facility at KAEC
- Trump's crypto project gets $100 million from UAE-based fund
- Saudi Exchange lowers tick sizes to cut investor costs, boost trading efficiency
14/09/2024 13:31 AST
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO.
Speaking to Arab News, Abdulaziz Al-Nowaiser emphasized that the initiative is designed to address severe financial issues, including a significant revenue drop and a substantial increase in net loss.
The plan will provide the company, 25 percent owned by PIF, with greater flexibility to invest in key projects and support its ongoing premium city operations.
Additionally, EEC will convert SR4 billion of debt into share capital. This move is designed to reduce leverage and interest expenses, enhancing financial stability.
EEC is the master developer of the King Abdullah Economic City, a 185-sq. km. development on the Red Sea coast, where over 100 multinational and Saudi companies have already established a home.
Saudi Gazette
29/04/2025
Saudi developer Emaar, The Economic City has signed final agreements with four local banks to reschedule SR3.39 billion ($904 million) in existing debt and secure a new credit facility.
In a
Arab News
19/03/2025
Saudi developer Emaar, The Economic City, has signed a binding restructuring agreement with the Public Investment Fund for a loan deal valued at SR1 billion ($266 billion).
Under the terms
Arab News
26/10/2016
EMAAR the Economic City (EEC), the developer of the King Abdullah Economic City (KAEC) on the Red Sea coast of Saudi Arabia, has ramped up its use of social networking platforms to achieve its goals
Saudi Gazette
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MASAR | 24.48 | 0.40 (1.66 |
| JABALOMAR | 20.68 | 0.56 (2.78 |
| DARALARKAN | 19.18 | -0.02 (-0.11 |
| MCDC | 90.50 | 1.20 (1.34 |
| TAIBA | 39.60 | 0.45 (1.14 |
27/06/2025
Commercial Bank (a Qatari public shareholding company) successfully issued a 3-year tenor, QR500m Senior-Unsecured Bonds with a coupon of 4.90%.
In a statement published on the Qatar Stock E
The Peninsula
27/06/2025
Dukhan Bank has been awarded the title of "Qatar's Best Bank for Consumers" at the prestigious Euromoney Awards for Excellence 2025, reaffirming the Bank's leadership in delivering outstanding, Shari
The Peninsula
27/06/2025
Middle East Paper Company (Mepco), one of the largest paper manufacturers in the region, has announced that its key unit - Juthor Paper Manufacturing Company - has broken ground on TM6 - the second p
Trade Arabia
26/06/2025
Specialized Medical Company (SMC), one of Saudi Arabia's leading healthcare providers, made its trading debut on the Saudi Exchange following a successful initial public offering (IPO) that raised SA
Trade Arabia
26/06/2025
Sharjah-headquartered budget carrier Air Arabia has announced the resumption of flights from its hub to various destinations across Iran, Iraq, Georgia, and other key cities, effective Tuesday, July
Gulfnews
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