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Emaar The Economic City 2023 Annual Results

Revenue

SAR 1.03B

Net Profit

SAR -253M

EPS

SAR -0.22

Operating Cash Flow

SAR -345M

Emaar The Economic City (4220) reported full year 2023 revenue of SAR 1.03B, up 77.6% from SAR 581M in 2022. Net profit came in at SAR -253M, up 78.1% year on year. Earnings per share were SAR -0.22. The company generated SAR -345M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 1.03B	SAR 581M
Net Profit	SAR -253M	SAR -1.16B
Gross Profit		SAR -218M
Net Margin	-24.6%	-199.3%
ROE	-4.0%	-17.4%
EPS	SAR -0.22
Total Assets	SAR 15.15B	SAR 15.21B
Total Equity	SAR 6.41B	SAR 6.65B
Total Liabilities	SAR 8.74B
Operating Cash Flow	SAR -345M

Year on Year Comparison

Revenue increased by 77.6% compared to 2022. Net profit increased by 78.1%. Both revenue and profit grew — indicating expanding business.

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Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2024-04-01.