Hamad Bin Saedan posts SAR 12.1M profit in H1 2026

27/08/2026 Argaam Exclusive

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Hamad Mohammed Bin Saedan Real Estate Co. reported higher net earnings of SAR 12.1 million in H1 2026, from SAR 6.2 million a year earlier.



Current Half Annual Comparison (Million Riyal)

Compared With The
Item H1 2025 H1 2026 Change‬
Revenues 33.29 37.87 13.8 %
Net Income 6.19 12.13 96.1 %
Average Shares 24.00 28.24 17.6 %
Earnings Per Share before unusual items (Riyal) 0.17 0.43 150.6 %
EPS (Riyal) 0.26 0.43 66.7 %

The annual profit increase was driven by higher revenue, thanks to growth in revenue from the sale of land and real estate properties, which reached SAR 26.48 million, compared to SAR 7.51 million in H1 2025.

 

Revenue from lease contracts also increased in H1 2026 to SAR 3.5 million, compared to SAR 2.23 million last year. This is in addition to an increase in revenue from the sale of software and technology subscriptions to SAR 160,939, compared to SAR 114,166 in H1 2025.

 

Meanwhile, the group’s share of net profits from joint ventures grew to SAR 20.79 million in H1 2026, compared to SAR 1.74 million a year earlier, primarily driven by the group’s share of profits from Mawtan LTD Co. In addition, revenues increased by 13.77% as a result of growth in revenues from the sale of land and real estate properties. This was accompanied by a decrease in gains from the sale of investment properties and gains from financial investments at fair value, as well as the recognition of provisions for White Land Fees.

 

On the other hand, the Nomu-listed company reported a decrease in revenue from real estate participations with third parties to SAR 7.38 million, compared to SAR 20.44 million, and a decrease in revenue from real estate brokerage services to SAR 342,963, compared to SAR 3 million in the corresponding period of 2025.

 

Compared with H2 2025, Hamad Bin Saedan’s net earnings skyrocketed from SAR 1.4 million.

 

Shareholders’ equity, excluding minority interest, stood at SAR 316.36 million at the end of H1 2026, rising from SAR 260.69 million a year before.

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Share Price

Hamad Mohammed Bin Saedan Real Estate Co.
8.52
0.23 2.77 %

Hamad Mohammed Bin Saedan Real Estate Co. (HAMAD BIN SAEDAN REAL ESTATE)

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Financial Ratios
Current
Market Cap (M Riyal) 240.61
Enterprise Value (EV) (M Riyal) 336.21
Shares Outstanding ((M)) 28.24
Recurring EPS ( Riyal) (TTM) (0.24)
Book Value (BV) ( Riyal) 11.20
Par Value ( Riyal) 10.00
Recurring P/E (TTM) Neg
P/E (TTM) 17.78
Price/book 0.76
Dividend Yield (%) (Last Year) 2.93
Return on Average Assets (%) (TTM) 3.0
Return on Average Equity (%) (TTM) 4.7
EV/Revenues 7.02
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