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Emaar Economic City recorded an increase in its net losses by 78% during the third quarter of 2026, reaching 241 million riyals, compared to losses of 135 million riyals during the same period last year.
The company explained, in its preliminary financial results published on Sunday on the website of the Saudi Stock Exchange "Tadawul", for the period ending September 30, 2026, that the results of the third quarter witnessed a shift to a loss at the operational level, after recording an operating loss of 143 million riyals, compared to an operating profit of 24 million riyals during the comparative quarter of 2025.
Share loss drops to SAR 0.5 during the first nine months of 2026
‘Emaar city’ losses rise in 9 months
At the level of the first nine months of this year, the company’s net losses increased by 26% to reach 444 million riyals, compared to losses of 351 million riyals during the same period last year.
In contrast, the financial results showed a decrease in the loss of the share to 0.5 riyals during the first nine months of 2026, compared to a loss of 0.67 riyals per share during the same period of the previous year, despite the increase in total net losses during the current period.
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