TASI Real Estate Profits Fall Slightly
Real estate sector companies in the Saudi Stock Market achieved a combined profit of approximately 1.455 billion SAR in the second quarter of 2026, representing a slight decrease of 0.49% compared to the previous year. However, sector profits increased by 2.36% compared to the previous quarter. The leading companies included "Sinomi Centers," which recorded 385.7 million SAR—a decline of 18.4% year-over-year; "Dar Al Arkan," which achieved a modest profit of 238.74 million SAR (+0.05%); and "Makkah," whose profits rose by 19.7% to 172.6 million SAR. Meanwhile, four companies reported losses, highlighted by "Emaar," with a loss of 22 million SAR. In the first half of 2026, sector profits declined by 18.07% to 2.875 billion SAR. "Sinomi Centers" was the most profitable, with 588.2 million SAR, despite a 14.7% decrease compared to the same period last year. Conversely, "Al Aqaria" experienced a remarkable surge of 152.2%, recording 579 million SAR.
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