View’s ongoing, under-development projects portfolio at SAR 800M: Chairman

The portfolio includes residential and commercial projects, as well as developed land, reflecting the company’s diversified future revenues and resilience to market shifts.

Al-Harbi said the company posted exceptional growth in net profit during H1 2025, rising 132% year-on-year (YoY), supported by higher operating revenues, increased sales, and improved efficiency in operating and administrative costs.

He added that revenues doubled during the period, driven by growth in land sales in both volume and value, in addition to higher sales from real estate projects, particularly off-plan units.

The balance between the two activities strengthened the company’s ability to diversify income sources and ensure sustainable growth, Al-Harbi said.

He revealed that the sharp increase in revenues directly boosted profit margins, with both gross profit margin (GPM) and net profit margin (TTM) expanding, thanks to effective cost management that translated revenue growth into sustainable profit.

The Chairman expected View to maintain its growth momentum in H2 2025, backed by the accelerated delivery of residential projects and the completion of several land transactions.

According to data available with Argaam, View’s net profit rose to SAR 10 million by the end of H1 2025, compared to SAR 4.3 million in H1 2024.