Emaar Q3 losses at 241m

Emaar The Economic City’s net loss rose 78.52% year on year in the third quarter of 2026 to SAR 241 million, compared with SAR 135 million in the same period of 2025. The company reported a loss of SAR 22 million in the previous quarter. The company attributed the increase mainly to lower revenue and a SAR 54 million rise in legal provisions. Revenue fell 59.5% to SAR 145 million, while lower expenses in some categories and reduced financing costs helped limit the loss. For the first nine months of the year, losses increased 26.5% to SAR 444 million, while revenue declined 37% to SAR 429 million. Accumulated losses reached SAR 502 million. The company noted that current liabilities exceeded current assets by SAR 755 million. It added that continuing operations and achieving sustainable profitability depend on carrying out management’s plans, including securing additional funding from shareholders and selling properties.

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