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Articles > View United Real Estate Development Company Faces Loss in First Half of 2026

View United Real Estate Development Company Faces Loss in First Half of 2026

By KlickAnalytics Data Insights  |   August 31, 2026 06:04PM ET

- Net loss of SAR 3.61 million reported in H1-26
- Revenue drops by 81.25% to SAR 11.67 million
- Factors include lower income from off-plan project sales, reduced revenue from land sales, sales commissions, and third-party development contracts

In a recent announcement, View United Real Estate Development Company revealed a net loss of SAR 3.61 million in the first half (H1) of 2026. This marks a significant shift from a net profit of SAR 9.97 million in the same period of the previous year. The company's loss per share amounted to SAR 0.06 in H1-26, a decrease from earnings per share (EPS) of SAR 0.15 in the prior-year period as indicated by a bourse filing. Revenue also took a hit, plummeting by 81.25% to SAR 11.67 million in H1-26 from SAR 62.25 million in H1-25.

View United Real Estate Development Company attributed the sharp decline in financial performance to various factors, including lower income from off-plan project sales. The company cited regional geopolitical events and changing market variables as contributing elements to the decrease in revenue. Additionally, revenue from land sales, sales commissions, and third-party development contracts saw a significant decrease. The company's profitability was further negatively impacted by a rise in Zakat expenses, reaching SAR 2.12 million in H1-26 compared to SAR 1.01 million in the corresponding period of the previous year.

Despite these challenges, there was a reduction in general and administrative expenses, as well as lower expected credit loss provisions. Total shareholders' equity did see an increase of 10.57% to SAR 85.50 million. It is worth noting that the weighted average number of shares rose to 66 million following a one-for-one bonus share issue, up from 33 million shares in the previous year.

Overall, View United Real Estate Development Company faced a tough first half of 2026, with a significant shift from profit to losses primarily due to external factors affecting sales and revenue streams. The company remains focused on navigating these challenges in the real estate market to drive future growth and restore profitability.
Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.

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